Group life insurance

Group life insurance is a term life insurance, designed for legal persons, covering for one year the death risk for the members or employees of the contracting legal person, occurred due to any cause, 24 h / 24 h, anywhere in the world.

Duration

1 year with renewal possibility.

Insured persons

Nominal group of at least 10 persons between 18–65 years of age at the commence day of the policy.

Contractor

Legal entity (employer, trade, union, organization, syndicate, club or fund).

Advantages

  • Simplified procedures of risk evaluation.
  • Smaller rates comparing to the individual insurance.
  • Incentive for key persons of your company.

For a complete protection, according to your needs, you can add to the base insurance, one or more additional riders, as detailed below. The riders can be attached to the policy at the issue date or thereafter at any anniversary date.

Riders

Total and Permanent Disability Rider

It covers total incapacity due to illness or accident of the Assured Person to provide any paid or profit bearing employment if this total disability continued uninterruptedly for at least 12 months. 

This state of disability must be final and permanent, according to medical documents issued by the competent authorities.

Partial and Permanent Disability Rider

It covers partial permanent disability implying the reduction of the work capacity of the Assured all along her/his life, due to illness or accident. 

This state of disability must be final and permanent, according to medical documents issued by the competent authorities.

Total and Temporary Disability Rider

It covers total incapacity of the Assured due to accident to provide the paid or profit bearing employment for which she/he is qualified and which she/he had been providing up to that moment.

Any indemnity subject to this rider will be granted for a period of maximum 12 months as per each disability case.

Daily Hospital Allowance Rider

It covers the hospitalisation costs as a result of an accident or illness suffered by the Assured.

Surgical Intervention Rider

It covers the costs of surgical interventions suffered by the Assured due to an accident, through the payment of an indemnity (percentage applied to the sum assured) according to the type of intervention.

Fractures and Burns Rider

An insurance indemnity will be paid (percentage applied to the sum assured) in case of fractures or burns suffered by the Assured due to an accident.

Accidental Death Rider

It covers the risk of death of the Assured, arising due to an accident, all along the rider’s validity period.