Group Life
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Manufacturer of the product is: MAPFRE Middlesea
MAPFRE Middlesea p.l.c. (C-5553) is authorised by the Malta Financial Services Authority (MFSA) to carry on both Long Term and General Business under the Insurance Business Act. MAPFRE Middlesea p.l.c. is regulated by the MFSA.
Group Life Policy
Our Group Life policy is relatively easy for employers to understand and administer. It offers, life assurance protection to a group of people within an organisation and is one of the key employee benefits which may set you apart as an employer of choice for desirable candidates.
Benefits of Group Life policy
- Insuring a large number of lives at a relatively low premium
- Attracting and retaining high quality employees
- Means of appreciation and support to employees
- Benefits are not taxable under current legislation
- Administration involved is minimal
- A means for the employer to recover part of the training costs and acquisition expenses incurred in replacing a key member in the event of death.
Types of Policy
- Standard Group Life policy with flexible options
- Group Life Lite policy offering a fast tracked process
Summary of cover
Group Life Policy | Group Life Lite Policy |
|
|---|---|---|
| Basic Coverage | ||
| Death of a member insured | | |
| Cover applies 24/7 on a worldwide basis | | |
| No medical underwriting is required for members up to the Free Cover Limit (FCL). This applies only for Member/s aged 18years up to the age of 65 years | | |
| Automatic cover for new members joining the insured subject that the Sum assured is within the Free Cover Limit stated in the policy | | |
| Flexible Sum Assured | | |
| Optional additional Benefits | ||
| Accidental Death | | |
| Permanent Total Disability | | |
| Critical Illness | | |
| Temporary Total Disability | | |
Interested to find out more?
- Our dedicated corporate team will guide you through the process.
- We are here to assist you throughout your journey