Group Life Insurance

Group life insurance, often referred to as Death in Service, pays out a lump sum death benefit to your employees' family or next of kin should that individual die whilst employed by your organisation.

It is set up as a single scheme that covers a group of employees within a business. The amount of cover (sum assured) is based on a multiple of the employee's salary, usually between 2x and 4x basic salary. It is possible for the scheme to offer different multiples of salary to different categories of staff.