GLICO GROUP COMPREHENSIVE PLAN

The GLICO GROUP COMPREHENSIVE PLAN is an employee benefits insurance package designed to give around-the-clock ample protection during the employee’s term of service with your organization.

The GLICO GROUP COMPREHENSIVE PLAN is an employee benefits insurance package designed to give around-the-clock ample protection during the employee’s term of service with your organization.

The maximum benefit payable may be based on multiples of employees’ annual salary. The policy can be extended to cover spouses, parents and children of employees and also provide other retirement and health insurance benefits. The following are the benefits under the Insurance Plan:

  • Death (Natural or Accidental)
  • Total Permanent and Temporary Disability
  • Dismemberment
  • Medical Expenses as a result of an accident
  • Critical Illness
  • Workmen’s Compensation

Additional benefits include:  

  • Retirement
  • E-medicine
  • Coffin cover
  • Funeral Cover etc.

Premium

Premium is determined for the group on receipt of the necessary information and is paid annually by the employer on behalf of employees

Waiting period

There is no waiting period under this policy except in the case of Total Permanent Disability.

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