We provide financial protection and security for the families of your employees, in the unfortunate event of an employee’s death. Cover can also be extended to dependants, if the insured employee is covered for life insurance under the company plan. We understand that claims of this nature can be very distressing. Our specialist teams are trained to handle these situations sensitively.
The benefit amount for life insurance is paid as a lump sum. It can either be a fixed amount or calculated as a factor of the insured employee’s gross annual salary, subject to an agreed maximum sum. Life insurance can be offered up to 10 times the gross annual salary or up to €2,000,000, whichever is the lower amount.
Cover normally ends when the insured person reaches the age of 70. If cover ends at a lower age, this will be specified in the Company Agreement.