Group Life and Dependent insurances are essential protection. They form the cornerstone of a valuable employee benefits package, providing staff with greater security and, therefore, loyalty to your company.
Protecting families against major life risks is of particular value to mobile employees, whose family members are already exposed to the pressure of an unfamiliar environment.
Generali Employee Benefits Network offers a wide range of customised life and dependent solutions, with dedicated assistance to help employers assess their needs, select solutions and devise a plan that best matches their objectives and budgets.
Life insurance provides a monetary lump sum benefit to surviving family/beneficiaries in the unfortunate event of death. This lump sum benefit may be enough to secure the financial future of the surviving family by paying off the mortgage on the family home, securing school fees for the children and maintaining the current standard of living.
Up to 50% of the benefit is payable on diagnosis of a terminal illness if the member’s life expectancy is 12 months or less. The remainder of the benefit is payable on death.
Coverage may be purchased as a reduced coverage for natural causes only – or as the standard coverage for all causes.
In some cases the accompanying spouse* may be included in this coverage.
*Spouse = Married to the employee, the legal recognised cohabitant of the employee, irrespective of the person’s gender.
Dependants Pensions (Spouse’s* Pension / Children’s** Pension / Orphans’** Pension) provide a lifelong payment in monthly distributions to the spouse* – and/or to any children** until they reach the age of 18 (or 25 if in full time education).