Protect your business
and its employees
SMEs play an important role in the
economic development of any country.

What is SME Group Life?

The SME Group Life policy is a life assurance policy that offers life protection to the owner of an SME and their employees.
What's in it for you?
  • The business is able to retain employees once a welfare package is in place.
  • The welfare of the staff family is guaranteed in the event of the loss of an employee.
  • Tax advantage as benefits is not taxed in the hands of beneficiaries.
Colleagues working together in a workshop
How does it work?

The policy ensures that where the owner of the SME or any of their employee passes on, his or her dependents or beneficiaries would collect a lump sum death-in-service benefit.

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Want in-depth information on any of our insurance products or solutions? Feel free to contact us today.

Here is what you need to know about SME Group Life:
    • The business can plan its financial activities
    • Business continuity is guaranteed because benefits are paid by Insurance Companies and not from the fund of the SME
    • The Group Life Certificate enables the SME bid for viable contracts which will aid its growth/development
    • This policy complies with the National Pension Commission regulation

    Yes, installments can be made in annual, biannual, or quarterly installments.

    • Non-payment of premiums are considered
    • Inability to substantiate the claim

    Yes, you can make a debit standing order to make payments directly into our bank account.