Group Life insurance.

Group life insurance is a life insurance which a single contract covers or extends to a group of people. As an employer, it is important to provide a good insurance cover for your employees. Britam has developed an innovative Group Life Insurance solution which is ideal for corporates, parastatals, government agencies, SMEs, Saccos, education institutions, and religious bodies with the following features and benefits:

To employers?

• Financial certainty since risks have been transferred to the insurer.

• Boosts employee morale and increases job satisfaction and motivation.

• Enhances staff retention to an employer.

• Attracts good talent due to the improved benefits.

To members?

• Members can carry on their day-to-day duties with knowledge that their beneficiaries will be well taken care of in case of their untimely death.

• The member can access the funds to pay for medical expenses for some critical conditions.

• The dependents can access funds to pay school fees and education-related expenses in the event of an untimely death of the employee.

• The family of the deceased member can also use funds in the policy to clear loans, pay deposits for a car, house, etc.

• A member can also use the funds to purchase mobility aids such as wheelchairs, artificial limbs, etc., in case of disability.