The Allianz Group Life Plan provides employment benefits to employees or their dependants in the event of the death, critical illness or disability of the employee. The benefits can be several multiples of the employee’s annual salary depending on the employer’s choice of plan.
Allianz Life offers a wide range of group plans encompassing the Group Life, Group Funeral and Credit Life Plan designed to meet your unique needs and add value to your business by minimising risk.
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Group Life Plan
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Group Funeral Plan
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Credit Life Assurance
The Allianz Group Funeral Plan has a standard cover for the main member and additional cover for spouses, children, parents and even parents-in-law. By virtue of tradition and employment conditions, most employers are required to perform certain duties in the sad event of the loss of an employee. It is common to see most employers providing coffins, making a cash donation to the family, transporting employees to and from the funeral and providing refreshment for them. These costs can take a toll on the company’s finances. The Group Funeral Plan therefore insures this obligation and helps companies to plan their finances properly.
Allianz Credit Life Assurance is a policy with the key objective of providing additional cover and security to financial institutions that provide loans and other forms of credit facilities (such as personal loans, high purchase loans, finance leasing etc.) to individual consumers (Credit Life Plan) or to companies and business owners (Keyman/SME Protection Plan).
This policy reimburses the financial institution with the outstanding loan amount upon the occurrence of any of the insured events such as the death of the individual consumer or the key member/decision maker of the business.
Scheme types
These schemes reimburse to the creditor, outstanding balances when events such as death, disability, critical illness or retrenchment befall the individual customer or the key member/ decision maker of the business.