International Life Insurance Employees

Life Insurance

This provides financial protection and security for dependants, in the unfortunate event of the death of one of your staff.

The benefit amount can be based on a percentage of your staff member’s gross annual salary, or it can be a fixed amount.

Cover for accidental death and dismemberment (AD&D) and terminal illness is also available with life cover.

Accidental Death provides a lump sum to the dependants in the event of a staff member’s death due to an accident, whereas Accidental Dismemberment provides the staff member with a lump sum if they lose a limb/limb function as a result of an accident. The benefit payment is calculated as a factor of your staff member’s gross annual salary.

These benefits can be bought together or separately in addition to life cover.

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Disability Insurance

This provides greater financial security for a member of staff who is unable to perform their occupation following an accident or illness.

Groups can choose from either Short and Long Term, or Temporary and Permanent disability:

  • Short Term Disability cover provides staff with financial security if they are unable to perform their own occupation as a result of an accident or illness for a period of up to two years.
  • Long Term Disability cover provides an income to staff unable to perform any gainful occupation relevant to their education, skills and experience, as a result of an accident or illness, up to 65 years of age.
  • Temporary Disability cover is similar to Short Term Disability, however the cover period is limited to one year, with shorter waiting periods.
  • Permanent Disability cover provides a lump sum payment to the member of staff in the event of an irreversible medical condition due to an accident or illness.
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