NY
Group Term life Assurance Policy
Nyala Insurance Share Company (NISCO)
Job Description
Group Term Life Assurance Policy
The cover of life assurance can also be arranged whereby a policy covers the lives of a group rather than an individual. This scheme covers the insured groups’ /employees/ against both natural and accidental death. The assurance cover remains in force for one year and renewable annually for successive years. The sum assured would be payable to the beneficiaries of the insured in case of death of the group member /employee/ during the policy period.
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