The policy provides life assurance cover for your employees.

The Pension Reform Act, 2004, provides that employers with fire(s) members of staff and above must purchase this cover for such employees. The Act prescribes a death-in-service benefits of 3x annual total earnings of an employee, payable into the dead employess's Retirement Savings Accounts for the benefits of his next-of-kin or survivors. According to the Act, annual total earnings means an addition of annual Basic Salary, annual Housing, and annual Transport allowances.

Death is covered, whatsoever is the cause.