Group Life Assurance provides essential financial protection for employees in the event of their premature death while in active service. As mandated by the Pension Reform Act, employers are required to provide Group Life Assurance cover for their employees, with a minimum death benefit of three times the employee’s annual remuneration. This ensures that the families of employees are supported during difficult times, alleviating the financial burden caused by the loss of a breadwinner.
At Rachbuk, we understand the profound impact that the untimely death of an employee can have on their dependents. That’s why we offer comprehensive Group Life Assurance policies designed to provide financial security to your employees’ families while helping your organization meet legal requirements and demonstrate care for your workforce.