Group Life Insurance Scheme
Reward your company's most valuable asset.
Key features and benefits
Loss of Life
Disability from illness or
accident
Partial Disability from
accident
Covered employees
The Group Life Insurance Scheme covers employees who:
Work full time
Are permanent residents of Cyprus, in good health, represent at least 75% of the company's workforce and are entitled to insurance cover, with a minimum number of at least 5 individuals
More about this Scheme
Benefit for Loss of Life
In the event of death from any cause, the Legal Heirs/Administrator of the estate/executor of the will of the insured party (the deceased) is paid the insured amount.
Benefit for Permanent Disability from Illness or Accident
In the event of Permanent Disability of the Insured Party from Illness or Accident, the insured party is paid the insurance amount.
Permanent Disability of the Insured Party is the disability resulting from illness or accident which prevents him/her from working or carrying out his/her usual profession or any other profession which he/she is reasonably capable of carrying out because of his/her education or training, and provided this disability continues without interruption for a period of at least six months for the duration of the insured party’s life and prevent him/her from exercising his/her usual profession or any other profession he/she is reasonably capable of carrying out because of his/her education or training.
Legal Notes
The information herein is summarised. The basic terms and exemptions of the policy are contained in the Insurance Policy.
For further details or information, kindly contact Hellenic Life or your nearest Hellenic Bank branch.