The Group Life Assurance cover is an insurance policy designed to cover groups of employees for a lump sum benefit payment on death of a member. The employer has the option to choose a defined benefit of their choice. The maximum lump sum benefit payable is 3x the annual salary per member.

  • Offers PEACE OF MIND to the employer and employees
  • Cover commences immediately and no waiting period is applicable.
  • The solution saves the company resources in the unforeseen occurrence of death of an employee
  • The solution also accommodates RIDER BENEFITS, such as funeral benefit cover extension to spouses etc.
  • The policy comes with Flexible premium payment options – depending on affordability
  • Claims are settled with 48 hours of receipt of full documentation
  • Clients must have a business banking account with Standard Chartered Bank Zambia
  • The client must have at least 15 employees

*Terms and Conditions apply.

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