About the product
A group health, life or any other type of insurance cover provides coverage to a group of employees, members of an organisation, association or society. An employer for example provides insurance cover to employees, as within a care package. It usually comes at a reduced cost as the risk is spread across the group of insurance policy holders.
Benefit amounts are set to a certain level. An employee is able to top up a group insurance with an additional personal insurance cover to the level that is needed to protect assets and life-style.
A key person insurance is a type of business insurance designed to help a company recover from the financial loss caused by the death of an owner, partner, or essential employee.
A company would take out an insurance cover on an employee or executive who is core to the operation of the business in case of death, disability, illness or absence. Losing a key person could prove to be disastrous for the company or organization.
Benefit amounts are set to a certain level. An employee is able to top up a group insurance with an additional personal insurance cover to the level that is needed to protect assets and life-style.
A key person insurance is a type of business insurance designed to help a company recover from the financial loss caused by the death of an owner, partner, or essential employee.
A company would take out an insurance cover on an employee or executive who is core to the operation of the business in case of death, disability, illness or absence. Losing a key person could prove to be disastrous for the company or organization.
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