Group Life Assurance | Quicklink Insurance Brokers

Error message

Warning: ini_set(): Headers already sent. You cannot change the session module's ini settings at this time in drupal_environment_initialize() (line 691 of /hermes/bosnacweb08/bosnacweb08ay/b2092/ipg.quicklinksnig/new/includes/bootstrap.inc).

Warning: ini_set(): Headers already sent. You cannot change the session module's ini settings at this time in drupal_environment_initialize() (line 692 of /hermes/bosnacweb08/bosnacweb08ay/b2092/ipg.quicklinksnig/new/includes/bootstrap.inc).

Warning: ini_set(): Headers already sent. You cannot change the session module's ini settings at this time in drupal_environment_initialize() (line 693 of /hermes/bosnacweb08/bosnacweb08ay/b2092/ipg.quicklinksnig/new/includes/bootstrap.inc).

Warning: ini_set(): Headers already sent. You cannot change the session module's ini settings at this time in drupal_environment_initialize() (line 696 of /hermes/bosnacweb08/bosnacweb08ay/b2092/ipg.quicklinksnig/new/includes/bootstrap.inc).

Warning: ini_set(): Headers already sent. You cannot change the session module's ini settings at this time in drupal_environment_initialize() (line 698 of /hermes/bosnacweb08/bosnacweb08ay/b2092/ipg.quicklinksnig/new/includes/bootstrap.inc).

Warning: ini_set(): Headers already sent. You cannot change the session module's ini settings at this time in include_once() (line 302 of /hermes/bosnacweb08/bosnacweb08ay/b2092/ipg.quicklinksnig/new/sites/default/settings.php).

Warning: ini_set(): Headers already sent. You cannot change the session module's ini settings at this time in include_once() (line 303 of /hermes/bosnacweb08/bosnacweb08ay/b2092/ipg.quicklinksnig/new/sites/default/settings.php).

Warning: ini_set(): Headers already sent. You cannot change the session module's ini settings at this time in include_once() (line 311 of /hermes/bosnacweb08/bosnacweb08ay/b2092/ipg.quicklinksnig/new/sites/default/settings.php).

Warning: ini_set(): Headers already sent. You cannot change the session module's ini settings at this time in include_once() (line 318 of /hermes/bosnacweb08/bosnacweb08ay/b2092/ipg.quicklinksnig/new/sites/default/settings.php).

Warning: ini_set(): Headers already sent. You cannot change the session module's ini settings at this time in drupal_settings_initialize() (line 792 of /hermes/bosnacweb08/bosnacweb08ay/b2092/ipg.quicklinksnig/new/includes/bootstrap.inc).

Warning: ini_set(): Headers already sent. You cannot change the session module's ini settings at this time in drupal_settings_initialize() (line 801 of /hermes/bosnacweb08/bosnacweb08ay/b2092/ipg.quicklinksnig/new/includes/bootstrap.inc).

Warning: session_name(): Cannot change session name when headers already sent in drupal_settings_initialize() (line 804 of /hermes/bosnacweb08/bosnacweb08ay/b2092/ipg.quicklinksnig/new/includes/bootstrap.inc).

Warning: session_set_save_handler(): Cannot change save handler when headers already sent in drupal_session_initialize() (line 242 of /hermes/bosnacweb08/bosnacweb08ay/b2092/ipg.quicklinksnig/new/includes/session.inc).

Warning: session_id(): Cannot change session id when headers already sent in drupal_session_initialize() (line 266 of /hermes/bosnacweb08/bosnacweb08ay/b2092/ipg.quicklinksnig/new/includes/session.inc).

Warning: Cannot modify header information - headers already sent by (output started at /hermes/bosnacweb08/bosnacweb08ay/b2092/ipg.quicklinksnig/new/includes/bootstrap.inc:258) in drupal_send_headers() (line 1237 of /hermes/bosnacweb08/bosnacweb08ay/b2092/ipg.quicklinksnig/new/includes/bootstrap.inc).

Deprecated function: The each() function is deprecated. This message will be suppressed on further calls in _menu_load_objects() (line 569 of /hermes/bosnacweb08/bosnacweb08ay/b2092/ipg.quicklinksnig/new/includes/menu.inc).

Notice: Trying to access array offset on value of type int in element_children() (line 6466 of /hermes/bosnacweb08/bosnacweb08ay/b2092/ipg.quicklinksnig/new/includes/common.inc).

Deprecated function: implode(): Passing glue string after array is deprecated. Swap the parameters in drupal_get_feeds() (line 394 of /hermes/bosnacweb08/bosnacweb08ay/b2092/ipg.quicklinksnig/new/includes/common.inc).

Notice: Trying to access array offset on value of type null in scssc->sortArgs() (line 1624 of /hermes/bosnacweb08/bosnacweb08ay/b2092/ipg.quicklinksnig/new/profiles/superhero/themes/superhero/includes/scss.inc.php).

GROUP LIFE ASSURANCE

Under the new Act, all employers of labour are required to establish and maintain a Group Life Assurance Policy for all their employees at a minimum amount of three times their annual total emolument defined as basic

Salary + Housing Allowance + Transport allowance.

The Group Life Assurance required by the Pension Act is a life assurance product covering death in service occurring within the period of insurance, administered on a collective basis to a group of people under appreciable similar exposure. It is the cheapest form of Life Assurance Policy available because it covers death within a specified period only. The inclusion of this provision in the new act is informed by the need to provide death-in-service benefit separately from contributory scheme maintained for retirement purposes. The sum assured becomes payable on the death of an employee.

The benefit (sum assured) payable upon death of an employee will be in addition to the accrued savings under the Contributory Pension Scheme and where death occurs, the Act provides under Section 5 sub-section (1) that the deceased employee’s entitlements under the Life Insurance Policy maintained under Subsection 3 of section 9 of the Act, shall be paid to his retiring savings account.

We will appreciate it if you can furnish us with the following information on your employees to enable us make available to you the annual cost implication for this mandatory Scheme.

Name
Date of Birth
Annual Basic Salary
Annual Housing Allowance
Annual Transport Allowance

Find Out More

Buy Online Now

Error message

About Quicklink

Get in touch

Our Location

Quicklink Visitors