Group Life Insurance

Provide your employees with additional benefits

What is Group Life Insurance?

Group Life cover is a low cost effective way to provide peace of mind for your employees, knowing that a provision has been made for their dependants’ financial protection were they to pass away, it is also a valuable employee benefit for you.

What do you get with this Plan?

In the event of death, or total and permanent disability of one of your employees, the plan would pay out a lump sum as a multiple of the employee’s salary to the employee’s loved ones. Other benefits that can be added to the plan are Permanent Partial Disability, Critical Illness, Repatriation expense and others.

How Does It Work?

In setting up a scheme you will need to decide upon the level of cover you would like to provide to your employees. Group Life Plans tend to be designed with a level of cover that is set as a multiple of salary. The level of cover can range from as little as 12 x monthly salary often up to 36 x monthly salary, or you can even choose a flat amount. The level of cover can also vary by seniority within an organisation.

 

Remember: It is important to align yourself with your competitors. Although offering a greater level of life cover may not sway the best recruits’ decisions, offering them none or a lower level of cover may leave them looking less favourably at your job proposition.

Features

  • 24 x 7 protection of employees against death or disability whilst in your service.
  • We use our group buying power to secure competitive contribution rates.
  • Our products can be customized to meet the needs of specific employee segments, such as your company’s management.
  • Promotes your image as an ‘Investor in People’, and helps you to attract and retain talent.

3 Reasons why you must buy this plan

It is an effective tool to attract best talent and retain high calibre employees.

It promotes staff loyalty

It increases staff motivation

The Top 5
Questions People Ask us

We looked at the most commonly asked questions and answered them for you.

The Top 5
Questions People Ask us

Take a look at the most commonly asked questions about life insurance.
A Life insurance policy is an affordable way to give you and your family members peace of mind, knowing that they will be protected in the unfortunate event of your death or disability. You will no longer have to worry about their financial future and can rest assured knowing they will be able to continue their current lifestyle.

The best time to start saving is Now. The sooner you start saving, the better the chances are your plan value will have the sufficient amount you will need in the future. We generally have fewer expenses at the earlier stage of our life, however as we grow older we accumulate more responsibilities and accordingly expenses tend to rise, so it would be easier for us to meet those increased expenses if we start saving as early as possible. In addition, starting to save early in life creates a positive habit of saving first then spending whatever remains of disposable income.

It depends on your income, liabilities and dependents. Generally, it should be at least 10-15 times of your annual income

The biggest benefit of investment being linked to insurance is that the plan provides a protection advantage. In the event death or disability occurs (God forbid), your savings might not be adequate to meet the dreams you had for the future. Thankfully insurance helps with that; with Death or Disability benefits offered, this will help meet the real purpose of the plan: your dream.

Saving & Protection plans can be for the purpose of Education, Regular Savings, Wedding, or Retirement, and they offer a number of benefits, such as

  • Long term Commitment: Encourages you to save consistently towards a future goal, be it a better education for your children, buying a house or starting a business, saving for your child or grandchild’s wedding or even saving towards your retirement. These plans also provide you with the flexibility to choose the mode of payment and frequency.
  • Takaful Death Benefit: God forbids in case of death, the protection element in these plans ensures that your future goal you had set for your children is still met. In case you had selected a retirement plan, you can rest assured that a lump sum will be paid out to your family for financial security.
  • Choice of Investment Strategy: Range of investment strategies are available that you can choose from based on your risk appetite.
  • Indexation: Helps your savings be protected against inflation

Let us help you plan for your better future!

Share your Basic Details and we will arrange a call back for you.

Bahrain Regional Office

Sunday – Thursday, Opening Hours: 8:00 am – 4:00 pm

17th Floor, Office 1701/1702, Building 470, Road 1010, Sanabis 410, P.O. Box 5832, Manama, Kingdom of Bahrain.

+973 1758 9800

info@alhilal.life

Kuwait Branch Office

Sunday – Thursday, Opening Hours: 8:00 am – 4:00 pm

10th floor, February 25 Tower, Khalid Bin Alwaleed St., Share, Kuwait City, Kuwait.

(+965) 2294 2663

info@alhilal.life