A Group Life Insurance contract covers the members of a particular group. The group could be employees, members of a club, society, association etc. It provides financial compensation in the event of death of a member of the group.

In the case of employers, Group Life Assurance Policy or Death-in-Service Benefit Scheme is a contract of insurance designed to provide for the payment of capital sum (sum assured) to the dependents of an employee who dies while in service of the employer.

Group Life Assurance policy is compulsory by virtue of the Pension Reform Act 2004. Section 9 subsection 3 of the act requires employers to maintain life insurance policy or death-in service benefit scheme in favour of their employees for a minimum of (3) three times the annual total emolument of the employees. This is the cheapest form of assurance cover and the cost is borne by the employer. The underwriting requirements are very favourable and not as stringent as in individual life cases.

Age Limits

The minimum age at entry is 18 years while the maximum age at entry is 69. Beyond the age of 70 years, renewal for the respec- tive member is reviewed individually.


  • It is provided solely by the employer for the employees benefit
  • IIt is renewable annually
  • IIt works in-line with the provisions of the law
  • IIt could be arranged to provide for additional benefits such as: disability insurance, burial expenses, accidental medical expenses etc.