Group Life Insurance assures employees that in the unlikely event of death, disability or critical illness, a multiple of their annual salary will be provided to their beneficiaries as a replacement income.
Overview
- Group Life Insurance assures employees that in the unlikely event of death, disability or critical illness, a multiple of their annual salary will be provided to their beneficiaries as a replacement income.
- The Workmen’s Compensation Act 1987 of the Ghanaian Constitution makes it obligatory for all employers to make available funds to compensate any employee who becomes injured at the workplace.
Scope of Cover
- Death
- Accidental/Permanent Disability
- Critical Illness Cover
- Temporary & Total Disability
- Medical Expenses
- Workmen’s Compensation
Rider Benefits
- Hospitalization Benefits
- Spouse Group Life Assurance (SGLA)
Free Benefits:
- Company Farewell Support: We pay 10% of the death benefit premium to help the company foot transportation and refreshment for staff bills when attending the funeral.
- No Claim Discount: This benefit offers a 10% discount after 3 years on the policy.
- Free Medical Screening: Free medical screening of staff is organized for our clients after 2 years on this policy.
- Travel Insurance: This benefit offers essential travel insurance to some members of the policy.
Importance of Group Life Policy for your staff
- There are readily available funds to take care of employees when accidents or deaths occur.
- A group life policy helps employees plan financially as it takes care of unforeseen life events.
- It improves employee commitment and loyalty as employees know their employers have their best interest at heart.
- It also serves as a way to attract and keep the best employees in the organization.
- The employees are given comfort by knowing their family will be assisted financially when they are no more.
For more details contact prudential life
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Risk & Insurance Products
Health Insurance
Health insurance is a type of insurance coverage that covers the cost of an insured individual's medical and surgical expenses.
Life Insurance
Life insurance or life assurance is a contract between the policy owner and the insurer, where the insurer agrees to pay a designated beneficiary an agreed sum of money upon the occurrence of the insured person's or persons death in return for the payment of a premium.
Prudential Group Life Insurance
Group Life Insurance assures employees that in the unlikely event of death, disability or critical illness, a multiple of their annual salary will be provided to their beneficiaries as a replacement income.
Travel Insurance
This policy provides financial relief to International travelers for medical expenses and hospitalization abroad, delayed departure, location and forwarding of baggage and personal effects,
Contractor's All Risk Insurance
This policy promises to indemnify the insured in respect of loss, damage or destruction of any of the contract works both temporary and permanent while in the cause of construction or whilst on the contract site etc
Bankers Indemnity Insurance
The policy indemnifies the insured for all losses sustained and discovered in the manner described here below within the period of insurance.
Directors & Officers Liability Insurance
Bad business decisions by directors and mangers are likely to attrac the increased attention of shareholders and other third parties who are looking to recover losses.
Group Funeral
The objective of this plan is to insure the obligations of the employer in the unlikely event of an employee's death.
Enterprise Living Plus Plan
The Enterprise Living Plus Plan is a “one-stop life insurance solution product” specifically designed to meet both the death and survival needs of the middle-class market.
Personal Insurances
Whether for your house, contents, vehicles or personal properties, WESTOM Insurance Brokers can help you to create bespoke solutions for your personal insurance need
There will be no need of insurance if we are living in a perfect world. Our cars,businesses, properties and homes will remain undamaged
