Never compromise on the happiness and financial security of your family. With this in mind having your employees secured under this policy will ensure their families are financially secured in case of accidents or death.
Your business shouldn't stop when you stop.
Why Employee Group Life
Group life policy covers death and permanent disability in the event of the death of a member of the scheme provided he/she is still in the service of the employer or scheme holder. This cover enables the employer/scheme holder to alleviate the financial distress that might befall the dependents of an insured member upon his/ her death or permanent disability.
BENEFITS
- Premium rates represent a very low percentage of the employer’s payroll
- The registered schemes premiums are usually allowable as a business expense thereby reducing the net cost to the employer.
- A wide variety of features can be incorporated into any scheme therefore meaning that it can easily reflect an employer’s requirements.
- A group life assurance scheme can offer a Free Cover Limit therefore meaning that medical evidence is often not required at all.
- A well promoted scheme can enhance staff loyalty
- The policy can have a funeral expense benefit to cover the employee, his/her spouse and children
Why Keyman
There are employees who hold key pillars to any business and with this in mind, we designed the Keyman Policy. These employees are of so much value and insuring them would mean that the company gets compensation on whatever income they got incase death strikes thus no loss is incurred.
The CIC Keyman Insurance Policy is a “Life Policy” that compensates an organization on the death of a critical employee or director. The policy compensates the organization for the loss of income that would have however arisen from the employee. The proceeds may be used as pay-off to dependants, the ownership interest of the deceased employee/ partner in the organization. It is especially important to have a CIC Keyman Policy on directors, where the continuity of the business would be at stake on the death or permanent total disability of the Directors. It is in the company’s interest to ensure that each director has a CIC Keyman Policy that would protect the organization’s interest.
BENEFITS
- The policy will pay on Death or Total Permanent Disability
- Premiums are paid once at the inception of policy and are guaranteed during the year
- Benefits are paid within 5 days of receipt of all documentation
Why Group Funeral Expense
Covers funeral limits in the event of death of an insured member who is between age 1 and 18 years (children) and 18 and 75 years for adults. Pays insured funeral benefit within 48 hours of death.
Why Group Life Combined
Never compromise on the happiness and financial security of your family. With this in mind having your employees secured under this policy will ensure their families are financially secured in case of accidents or death. Dependents get compensated in form of money that is usually a fixed amount or a multiple of your employee’s salary in the event of death.
POLICY BENEFITS
- Premium rates represent a very low percentage of the employer’s payroll
- The registered scheme premiums are usually allowable as a business expense thereby reducing the net cost to the employer.
- A wide variety of features can be incorporated into any scheme, therefore, meaning that it can easily reflect an employer’s requirements.
- A group life assurance scheme can offer a Free Cover Limit, therefore, meaning that medical evidence is often not required at all.
- A well-promoted scheme can enhance staff loyalty
- The policy can have a funeral expense benefit to cover the employee, his/her spouse and children
Why MSME Credit LIFE Policy
This is a tailor-made to cover long-term loan balances on reducing balance basis for small scale businesses. This policy pays off the loan outstanding if the insured borrower dies or is totally and permanently disabled within the insurance period.
