GROUP LIFE INSURANCE FOR YOUR EMPLOYEES IN UAE
Flexible plans & Simple Processes
Protect your employees with flexible group life insurance plans that
offer simple policy issuance and hassle-free claims management process.
Comprehensive Cover
Includes cover for death due to any cause, accidental death & dismemberment
benefit, repatriation expenses.
Covid -19 Coverage Included
Includes Covid – 19 Coverage* to safeguard employees during the pandemic.
*Subject to policy terms & conditions
Worldwide Coverage
Worldwide coverage available for employees who are UAE Residents
Attract & Retain Talent
Include Group Life Insurance as part of entire employee benefit
package in-order to attract and retain high-quality talent.
Features and Benefits
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Affordable Life Insurance
Group Life Insurance offers life insurance cover to employees at a nominal cost
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Simplified Administration Process / Ease of Enrollment
Members do not need to undergo any medical examination up to the free cover limit / maximum age*
* Subject to policy terms & conditions
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Financial Security against Uncertainties
As an employer, it enables you to create stronger relationships with employees
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Inclusions
Covers: Death Due to Any Cause, Accidental Death & Dismemberment Benefit,Permanent Total/Partial Disability, Temporary Total Disability, Accidental Medical Expenses, Repatriation Expenses.
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Flexible Sum Insured
Flexibility in choosing sum insured for the group of employees (Salary based or Flat sum insured)
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Covid 19 Coverage*
Includes Covid-19 cover under death due to any cause benefit.
*Subject to policy terms & conditions
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24*7 Worldwide Cover
Avail worldwide 24 hours cover to protect your employees.
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Dependent’s Cover*
Includes options to cover dependents (spouse & children) where a set amount is paid out to the deceased employee's designated beneficiary
*Subject to policy terms & conditions
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Critical Illness Cover*
Benefit paid as a lump sum if an insured suffers from one of the insured critical illnesses, in accordance with the definitions described in the policy.
*Subject to policy terms & conditions
Why Choose Us?
Gargash Insurance, an integral part of the Gargash Group of Companies, has been delivering excellence in insurance broking and risk management services in the UAE since 1994. A team of over 300 qualified insurance professionals, an expansive network of local and international insurers, our extensive knowledge of the insurance industry and the regulatory framework has enabled us to consistently deliver excellence to our diverse range of clientele.
GET YOUR INSURANCE IN 5 STEPS
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Complete the form
(It takes just 2 mins) -
Fill in your
details -
We will get back to
you with customized
quotes and options
for your business -
Choose the plan that
is right for your
business -
Receive your
Group Life
Insurance Policy
Our Esteemed Insurance Partners
What you need to know about Group Life Insurance Plan?
Group Life Insurance is a type of life insurance in which a single contract covers an entire group of members/employees. Typically, the policy owner is an employer or an entity such as organization, and the policy covers the employees or members of the group. Group life insurance enables organization/associations to protect its employees/members against the major uncertainties of life at an affordable cost.
Having a Group Life Insurance can help your employees have confidence that, should they meet an unfortunate event, their family will have a financial safety net to replace lost income, cover final expenses, everyday living expenses, and long-term obligations that may otherwise cause them financial strain.
- Death Due to Any cause (DAC) - In an unforeseen event of death due to any cause (Sickness or Accident as defined in policy)
- Permanent Total Disability (PTD) - In the event of a member being totally and permanently disabled and being unable ever again to follow his own occupation or any other occupation (Sickness or Accident as defined in policy)
- Permanent Partial Disability (PPD) – In the event of a member suffering, the loss by physical separation, or the total loss of use of, any limb or organ of the body or the total and irrecoverable loss of sight as set out in the Continental Scale of Benefits (Sickness or Accident as defined in policy)
- Temporary Total Disability (TTD) – In the event of a member being totally unable to follow his normal occupation as a result of being continuously and totally disabled (Sickness or Accident as defined in policy)
- Medical Expenses – Cost of medical Expenses due to an accident
- Repatriation Expenses – Shall reimburse the actual cost of Repatriation of the mortal remains or the disabled member to his home country subject to the maximum limit agreed in the policy
- Terminal Illness – Where the life expectancy of the member is up to to a particular period
- Critical Illness – if an insured suffers from one of the defined critical illnesses in accordance with the definitions described in the policy
Having a Group Life Insurance can help your employees have confidence that, should they meet an unfortunate event, their family will have a financial safety net to replace lost income, cover final expenses, everyday living expenses, and long-term obligations that may otherwise cause them financial strain
The cost of Group Life Coverage is far lesser than what the employees or members would pay for a similar amount of coverage in an Individual Life Insurance plan.
Group Life Insurance is not a mandatory insurance in the UAE. Life insurance is an optional employment perk that may /may not be offered to employees. If a company offers Group Life Insurance, there is no minimum or maximum amount of coverage that must be offered.
Entities with a minimum of 10 employees could avail to a Group Life Insurance in the UAE.
- Age factor – Minimum / Maximum entry as defined
- Salary / Required sum of insured
- Nationality
- Nature of business
- Nature of job description (Offshore, Onshore involvements)
- Type of coverage (Sum insured/ Benefits etc)
No. Group Life Insurance does not have a cash value
Usually the Group Life Insurance contract is for 1 year
- War, invasion, act of foreign enemies, hostilities or warlike operations
- Attempted suicide or self-inflicted injury
- Misuse of drugs of alcohol.
- Aviation, gliding or any other form of aerial flight other than as a fare paying passenger of a recognized airline or charter service.
- Ingestion of poison or drugs, or inhalation of fumes
- Participation in or training for any dangerous or hazardous sport or competition or riding or driving in any form of race or competition.
- Any breach of the law by the Member or any assault provoked by him.
- Mental Illness or mental disease or nervous conditions unless confined in a sanatorium.
- Injury caused by nuclear fusion or radioactive contamination.
- HIV/AIDS and related diseases
- Pre-existing medical conditions for new members.
No. But the member can take separate life policy from different insurers with improved benefits.
If a member is diagnosed with a total and permanent disability due to accident and/or sickness, insurer will pay a lump sum amount as defined in the policy.
- Mandatory member details (Member Name, Entity Name, DOB, Gender, Nationality, Salary, Designation etc)
- Trade License (Including all the entities / Sister companies)
- Required sum insured
- Copy of existing benefits schedule – If previously insured
- Past 3 years claims history – If previously insured
You can apply for a Group Life Policy providing necessary information above Once submitted one of our Group Life Insurance experts will contact you