Custodian Group Life Insurance

The Custodian Group Life Assurance Policy is designed to meet the requirements of the statutory group life policy under section 4(5) of the Pension Reform Act, 2014. In addition, it provides some additional benefits which could be attached to the main policy depending on the circumstances of the employer.

Custodian Life Assurance (CLA) is duly licensed by the National Insurance Commission and a registered member of the Nigerian Insurers Association (NIA).

KEY FEATURES

Provides a 24-hour mortality cover devoid of geographical limitations.
Provides cover against death from any source
Provides instant financial assistance for the deceased dependents.
Provides permanent disability benefit equal to the sum assured in case of the Employee being totally and permanently disabled (optional)

Benefits

The group life assurance policy is the cheapest insurance cover
Prevents extra budgetary expenses resulting from unforeseen death of an employee
Very simple to administer.

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Affordable Premiums

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