Never compromise on the happiness and financial security of your family. With this in mind having your employees secured under this policy will ensure their families are financially secured in case of accidents or death.
Group life policy covers death and permanent disability in the event of the death of a member of the scheme provided he/she is still in the service of the employer or scheme holder. This cover enables the employer/scheme holder to alleviate the financial distress that might befall the dependents of an insured member upon his/ her death or permanent disability.

The CIC Keyman Insurance Policy is a “Life Policy” that compensates an organization on the death of a critical employee or director. The policy compensates the organization for the loss of income that would have however arisen from the employee. The proceeds may be used as pay-off to dependants, the ownership interest of the deceased employee/ partner in the organization. It is especially important to have a CIC Keyman Policy on directors, where the continuity of the business would be at stake on the death or permanent total disability of the Directors. It is in the company’s interest to ensure that each director has a CIC Keyman Policy that would protect the organization’s interest.

Never compromise on the happiness and financial security of your family. With this in mind having your employees secured under this policy will ensure their families are financially secured in case of accidents or death. Dependents get compensated in form of money that is usually a fixed amount or a multiple of your employee’s salary in the event of death.

This is tailor-made to cover long-term loan balances on a reducing balance basis for small-scale businesses. This policy pays off the loan outstanding if the insured borrower dies or is totally and permanently disabled within the insurance period.