Group Life Assurance Policy

Protect Your Team And Their Families.

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ICEA LION Group Life Assurance Policy

It’s a life cover that supports your employees’ families in case of their passing. We pay a cash lump sum (one-time payment) and/or pension benefit to their chosen beneficiaries.

  • You choose the benefit level, either a multiple of salary (e.g., 3x, 4x, 5x) or a fixed amount (e.g., KES 5M or 10M).
  • If an employee passes away, we pay the lump sum directly to their family.
  • Helps you attract & keep great talent
    Employees value employers who look after them and their families.
  • Financial peace of mind
    Your team works confidently knowing their loved ones are protected.
  • Shows genuine care
    It reflects your commitment to their overall well-being.
  • Fits into your wellbeing strategy
    Easily pairs with other wellness and employee-support programs.
  • Tax benefits
    Premiums are tax-deductible, and payouts to beneficiaries are 100% tax-free.
  • Flexible, wide-ranging cover
    Add-ons available: critical illness, funeral expenses, spouse cover, parental cover, retrenchment, grief counselling, medical second opinion, WIBA, GPA and more.
  • Free Cover Limit
    Most employees are covered up to a set limit without needing a medical exam.
  • Optional Dependant Pension
    We can also provide an ongoing pension for the spouse or dependents.

Pricing depends on your benefit levels and member details (age, salaries, marital status, etc.) Share these with us, and we’ll prepare a tailored quote.

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