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
It provides cover for a minimum of three (3) times a members total annual emolument as death benefit
The premium (cost) will be regarded as an expense for tax purposes
The cover is the cheapest form of life assurance policies
The underwriting of the risk is favourable when compared with the stringent conditions under individual life assurance policies.
Plot 16 Acme Road Ogba,
P.O. Box 3724
Ikeja, Lagos, Nigeria.
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