Group Life Assurance is a vital financial protection plan for employees, offering a lump sum payout in the unfortunate event of death while in active employment. Typically based on a multiple of the annual salary or a fixed sum, this plan provides financial security for the employee’s beneficiaries. It also includes an Occupational Disability benefit, which pays a lump sum if an employee is rendered permanently and totally disabled, ensuring they receive support when unable to continue their occupation.
Lump sum payout upon death while employed
Lump sum payout for total and permanent disability
Rider benefits such as dread disease cover, total permanent health insurance, and temporary total disability
Built-in funeral benefit (P15,000 - P25,000) for the main member
It covers a lump sum payout in the event of death or total and permanent disability of an employee while employed.
Rider benefits include dread disease cover, total permanent health insurance, temporary total disability, continuation benefits, and conversion benefits.
This benefit provides a lump sum payout if an employee is permanently disabled and unable to work, offering financial security during such a life-changing event.
Yes, it is designed for groups, covering all eligible employees under a single policy.
Employees may opt for conversion benefits, which allow them to continue their coverage independently.
