Corporate Life Insurance
Demonstrate your company’s commitment to employee well-being with a Group Life Insurance plan. Offering essential financial protection for your employees and their families in the event of death, disability, or retirement
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Demonstrate your company’s commitment to employee well-being with a Group Life Insurance plan. Offering essential financial protection for your employees and their families in the event of death, disability, or retirement
Group Life Insurance is a valuable part of your organization’s benefits strategy, helping attract, retain, and protect top talent while ensuring peace of mind for your workforce and their families
Provides a lump-sum benefit to the employee’s family or dependents in the event of death, ensuring their ongoing financial stability.
Offers protection in case of total or partial disability or critical illness, reducing the financial burden on employees and their families.
Design flexible coverage options based on salary multiples, position, or department, tailored to your company’s structure and workforce needs
Benefit from lower premiums per employee compared to individual life policies, making it a cost-effective corporate benefit
Enhance coverage with additional riders for disability, accidental death, or serious illness, providing a stronger safety net
Our team provides full assistance for policy management, renewals, and claims, ensuring seamless service for your HR department and employees
Essential information for Egyptian companies considering a group life insurance plan.
We provide offers from over 20 of Egypt’s top insurance companies, as we are trusted from the FRA.
It is a single life insurance policy that covers an entire group of people, typically the employees of a company. It provides a tax-free, lump-sum payment to the designated beneficiary of an employee who passes away while covered by the plan.
One of the biggest advantages of group life insurance is the “Free Cover Limit.” Below this limit (which is based on the group size), employees are automatically covered without any medical exams or health questions. This ensures easy and inclusive enrollment.
This is flexible. The most common methods are a multiple of the employee’s annual salary (e.g., 2x or 3x salary) or a fixed, flat amount for all employees (or for different categories of employees).
The employee designates their own beneficiary (or beneficiaries), who will receive the payment directly. The company is the policyholder, but it is not the beneficiary.
Generally, yes. Group life insurance covers death due to both accident and illness. The main exclusion is typically suicide within the first one or two years of coverage.
Yes, this is very common. You can create different classes or tiers of benefits. For example, senior management could have a higher multiple of salary as coverage compared to junior staff. This allows you to tailor the benefit to different roles.
Premiums are calculated based on the group’s overall risk profile. This includes the average age of the employees, their gender distribution, the nature of your industry, and the total amount of coverage. As brokers, we get quotes from multiple insurers to ensure you get the best rate.
We assist your HR department and the employee’s family to ensure a smooth and compassionate claims process. Typically, it involves submitting a claim form, a death certificate, and proof of identity. Our role is to facilitate this process and ensure a prompt settlement from the insurance company.
This is a valuable optional add-on. A Permanent Total Disability rider pays out the sum insured if an employee becomes permanently disabled and unable to work. An accelerated death benefit for critical illness pays out a portion of the sum insured upon diagnosis of a major illness, providing financial support during a difficult time.