LASACO Group Life Assurance

Following death of a group member, the applicable lump sum is computed as a multiple of annual emolument of an employee. The lump sum provides immediate succor for the family of a deceased member

Features of Group Life Assurance Policy

Death Benefit

It provides cover for a minimum of three (3) times a members total annual emolument as death benefit

Tax Relief

The premium (cost) will be regarded as an expense for tax purposes

Affordable premium

The cover is the cheapest form of life assurance policies

Favourable Underwriting

The underwriting of the risk is favourable when compared with the stringent conditions under individual life assurance policies.


  1. Brokerage Slip/Appointment letter/
  2. Completed KYPH form
  3. Copy of Certificate of Corporation of company
  4. Personal Identity Documents of one of the directors (any of one of the below will suffice)
  • i. copy of Data Page of International Passport
  • ii. copy of National Identity card
  • iii. copy of National Driver’s License
  • iv. copy of Voters Card
  1. Documentary evidence of address (any of one of the below will suffice)
  • i. Recent telephone bill
  • ii. Recent Electricity bill
  • iii. Bank account statement
  • iv. Tenancy Agreement
  1. Evidence of premium payment/Credit note whichever is applicable



Plot 16 Acme Road Ogba,

P.O. Box 3724

Ikeja, Lagos, Nigeria.



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Authorised and Regulated by the
National Insurance Commission (RIC 023)

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