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Group Life Insurance
IAE Insure specialise in tailoring Group Life plans that cater for your company’s exact needs.
We can offer you policies that include:
UNDERSTANDING GROUP LIFE INSURANCE
You can access Group Life as a standalone insurance, or as part of a broader employee benefits package.
A Group Life Insurance policy can be one of the best things you do for your employees. It shows that you care for them and their families, and it can lead to an overall feeling of goodwill in the workplace and effectively improve retention.
Our expertly designed Group Life Insurance plans balances cost with cover to ensure that budget limitations are respected without sacrificing employee benefits, including the protection and insurance coverage extended to their loved ones.
Whether you’re a large corporation, an SME or a bank, operating anywhere in the UAE, we’ve got a custom solution for every scope and scale.
Total Permanent Disability, Permanent Partial Disability, and Temporary Total Disability Benefit
Total Permanent Disability protects your business and employee’s when they are no longer able to work in their role due to sickness or a physical injury which permanently incapacitates them with no prospect of improvement.
Permanent Partial Disability is similar but designed for when an injured employee is still able to work but without the skill and efficiency demonstrated prior to the receiving the injury.
Temporary Total Disability pays a weekly benefit should an employee sustain an injury which temporarily prevents them from being able to work.
Benefits of Group Life Insurance
In a competitive employment market, you need to stand out from the crowd.
Employee benefits such as Life Insurance could help to attract and retain the best people for your business. With Life Insurance they’ll be able to go about their daily business with total peace of mind.
Provides financial security for your employee’s family
Helps you attract and retain the best employees
Shows how much you value your employees
Covers your employees on holiday or sick leave
Makes your employees feel highly valued
Most insured schemes provide free cover levels
WHY CHOOSE GROUP LIFE INSURANCE WITH IAE INSURE?
We work with the leading Insurance providers in the UAE, allowing us to tailor the best policy for your needs.
Speak with a fully qualified Insurance adviser
Our expert advisers work with the best underwriters and can understand your desired requirements translating them into the best policy for you.
Once we have all the relevant information, we can provide you with a free no-obligation quote from our internationally renowned Insurance providers.
Arrange a call back, at a time that suits you!
We are happy to answer any questions you have and to discuss all the options available to you.
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FREQUENTLY ASKED QUESTIONS
Many employers we speak to, believe the policy only covers workplace death, which is incorrect. Group Life Insurance will pay out in the event of your employees’ death whether working at the time or not.
The most common claim for Group Life insurance is cancer and deaths that occurred due to an accident at work are very rare.
Group Life Insurance is not a compulsory benefit and is the employer’s decision if they want to provide this benefit.
When employers have agreed to provide life insurance as part of their staff’s employment contract, they will certainly be contractually liable for any claim payments even without a policy a policy in place.
If an employer decides to remove group life insurance (due to financial difficulties etc.) it can understandably be tricky to manage with employees, especially, if this benefit has been agreed as part of their employment contract.
When arranging a Group Life scheme, all overseas business travel must be disclosed. Insurers will then usually cover any business travel with an extra cost applied) except from countries where travel is advised against by the FCO (Foreign and Commonwealth Office).
If staff are travelling to locations for business, where travel is advised against by the FCO, it will be excluded under the policy, or terms not offered if regular travel to dangerous regions etc.
Any travel staff make for holidays is automatically covered, even when travelling against FCO advice.
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