Employer Sponsored Life Plans
Find a plan that covers your medical needs - protection for you and your family.
Employer-sponsored Life insurance plans are arranged and paid for by businesses on behalf of their employers as part of an employee benefit package. This type of live cover can also be arranged by not-for-profit organizations on behalf of their members.
A Group Life Assurance Policy provides lump sum death-in-service benefit to the dependants of a deceases employee. The policy is usually employer-sponsored. The level of cover (benefits) is often expressed as a multiple of the employee’s last notified annual salary. The policy may be issued with riders such as disability benefits, critical illness benefits and funeral benefits. Group Life Assurance level of cover of benefits can also be stated as a flat sum.
This is similar to GLA, except it is designed to support costs incurred after demise such as funeral expenses, burial preparations etc. It can be extended to cover family members as well. Benefits can also be stated as a flat sum. Death cover is either due to an accident or natural causes.
This is a policy that provides for the payment of an outstanding loan in the event of the occurrence of the death of the policy holder. This insurance plan provides cover for the payment of an outstanding loan on consumer durable goods like; household items, electronics etc.
About The Product
For groups that are too small for traditional life schemes, Prudential offers a tailor-made, cost effective solution through the Pru Smart Entrepreneur Cover. This scheme is designed to enable businesses to provide life insurance to a small number of employees.
The Pru Smart Entrepreneur Cover shall pay benefits for:
Why Take Up Pru Smart Entrepreneur Cover?
Effective 1st April 2020, Prudential will be providing free insurance cover in the event of Death, Diagnosis or Hospitalization due to COVID-19 to customers, employees, consultants, and partners with a COVID-19 Protection Rider plan.. Learn more