The Pension Reform Act 2004, amended in 2014, stipulates
that it is compulsory for employers with at least three
staff to maintain a life insurance policy or
death-in-service benefit scheme. The scheme must be
worth a minimum of three times the total annual employee
salary costs.
Our Group Life Assurance Policy or Death-In-Service Benefit Scheme is simple, competitively priced and offers your business the most comprehensive benefits. It is designed to provide a lump sum pay-out of the payment assured to the dependents of any employee who dies while in their employer’s service.
FIND OUT MORE
For more information about our Group Life Assurance Cover or our other corporate products, please call 0800-00-2554269; or send an email to info@allianz.ng.