Group life

Temporary group life insurance for companies

Q: Who is this type of insurance aimed at?

This Temporary group life insurance for companies and employees is aimed at any size of business, from a single worker, to all type of groups, associations, professional guilds and groups of people in general, that have a shared interest.

Q: What advantages does Temporary group life insurance have?

One of the main advantages of taking out the Temporary group life insurance is that the premium is usually proportionately less than when taking out individual insurance. On the other hand, it is common to set a general age for maturity for the members of the group, regardless of the age of each one of its members, when taking out a policy.

Positive for everyone

Temporary group life insurance for companies

Request information 917 83 83 83

What is Temporary group life insurance for companies?

Our Temporary group life insurance has been devised for all those companies, associations, professional bodies or groups of people with an interest in common who wish to offer their members the peace of mind of having significant financial support for their families and beneficiaries in the event of death.

Advantages of this insurance

Adapted to your company

We offer solutions adapted to every corporate sector as the insurance has been designed to adapt to the specific characteristics of each company.

All type of groups

With Temporary group life insurance for companies we offer protection for all types of groups, whether companies looking to comply with the commitments of their collective agreements, associations or professional bodies.

Extensive covers

We guarantee indemnity for death and also offer the possibility of guaranteeing total and professional incapacity, thanks to Temporary group life insurance for companies.

Specialist advice

Our network of specialist professionals will analyse and offer you the covers best suited to your payroll or group.

Insurance coverage

Death

Temporary life insurance for groups guarantees benefits in the event of the death of the insured party. This cover may optionally be extended to any of the following:

Death by accident: it covers receipt of an additional sum if death is by accident. The amount of this sum will be twice the one provided for in the insurance agreement.
Death caused by traffic accident: it covers receipt of an additional sum if the death of the party insured is caused by a traffic accident. This sum will be three times the sum stipulated in the insurance.

Death by accident is considered to be death directly after an accident or due to the after-effects thereof within twelve months of the occurrence. A traffic accident is considered to be one caused to an insured pedestrian by a vehicle as well as in the event of the party insured being the driver or a passenger in the vehicle or a passenger on public transport.

Total permanent incapacity for any kind of work

Additional cover offered by the Temporary group life insurance for companies that protects your company's payroll in the event of total permanent incapacity and not being fit to return to the labour market. This cover may be optionally extended with the following:

Total permanent incapacity through accident: it guarantees receipt of an additional sum, set at double the one provided for in the insurance in the event of the incapacity occurring as a result of an accident.
Total permanent incapacity through road accident: it covers receipt of an additional sum set at three times the one provided for in the insurance agreement in the event of the incapacity occurring because of a traffic accident.

The following are considered traffic accidents:

One caused by a vehicle to the party insured person when he/she is a pedestrian
One suffered by the party insured when he/she is the driver or an occupant of the vehicle
One suffered by the party insured when he/she is a passenger on public transport

Total permanent incapacity for usual profession

This optional cover guarantees payment of the sum stipulated in the policy in the event of a party insured being affected by total permanent incapacity to carry out his/her usual profession, up to the age of 65.

Modalities

Temporary group life insurance is offered in two modalities:

Insurance under agreement

A form intended for any kind of company, including those which have just one worker, the aim of which is to support pension undertakings acqjuired in the event of death and incapacity. This insurance offers you the following advantages:

Possibility of choosing the amount of indemnity, as laid down in the collective agreement, in-house agreements of the company or any other commitment
Automatic update of amounts due to changes in the agreement
One-off registration of all your employees to simplify handling
Premiums are deductible against Corporation Tax

Sponsor insurance

The Temporary group life insurance is suitable for any group: a company, an association, a professional body or any similar organisation.

It can be taken out by the actual company, which will become responsible for the corresponding premiums, or the actual workers affected by the coverage. This method can be used as a life insurance linked to mortgages, unlike Insurance under agreement.

Related information

FAQs

Who is this type of insurance aimed at?

This Temporary group life insurance for companies and employees is aimed at any size of business, from a single worker, to all type of groups, associations, professional guilds and groups of people in general, that have a shared interest.

What advantages does Temporary group life insurance have?

One of the main advantages of taking out the Temporary group life insurance is that the premium is usually proportionately less than when taking out individual insurance. On the other hand, it is common to set a general age for maturity for the members of the group, regardless of the age of each one of its members, when taking out a policy.