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Group Term Life
The more financial security employees have, the more motivated they remain. Through group term insurance an organization can mitigate the level of uncertainty of their employees and the reason why employees become more loyal to the organization when they get financial supports in time of their needs from the organization they work for. Conversely employer/organizations feel better when they can stand beside their employees through group term insurance providing a norm of good governance in the organization.
If an insured member dies (except suicidal death, in first year of coverage of a member and HIV/AIDS-related diseases), Guardian Life Insurance upon receipt of written proof of such death due to sickness or accident, will pay the organization the sum insured in respect of the said insured member within 7 days.