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GROUP LIFE INSURANCE

GROUP LIFE INSURANCE

Addressed to companies, organized occupational groups with at least 10 adult individuals up to 65 years old. Benefits include providing the same or various life-loss insurance cover to each member participating in the group plan. Indicative Yearly Premium depending on the nature of work, the age of the participating members, the duration, as well as the amount of the insurance cover requested.

Group Life Insurance is a beneficial policy for employees, offering a collective coverage that often comes at a more affordable rate than individual policies. It’s designed to provide a lump-sum payment to the beneficiaries of an employee in the event of their death. Here are some key points about Group Life Insurance in Cyprus:

1. **Employee Benefit**: It’s a valuable benefit that can attract and retain high-caliber employees.
2. **Financial Security**: Offers peace of mind to employees, knowing their loved ones will have financial support.
3. **Customizable Plans**: Policies can be tailored to fit the needs of both the employer and employees.
4. **Tax Advantages**: There may be tax benefits for both employers and employees.
5. **Enhanced Loyalty**: Can increase employee satisfaction and dedication to the company.

 Insurance Scheme with benefits for loss of life and permanent disability from illness or accident, covering full-time employees who are permanent residents of Cyprus.

It’s advisable to consult with an insurance professional to explore the options and ensure that the coverage meets the specific needs of your company and employees.

 

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