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Group Life Assurance

Up to ten times annual salary available as sun assured

Higher free cover limits

Speedy settlement of GLA claims

Attractive premium payment terms

 

Group Life Assurance provides cover for members of a defined group of individuals, (usually all employees of a coperate body) in the event of their death.  Unlike Personal Accident Insurance, cover is provided from death of any cause, and most individual members will not be required to undergo any medical tests.  The premiums for these policies are usually met by the employer, and the cover can be expressed as a multiple of the annual salary, or asa stilulated amount for each member.

GLA can be taken out in conjunction with a pension scheme or on a stand alone basis.

 

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