Life insurance
Products
SanlamAllianz Nigeria offers a comprehensive suite of business insurance solutions designed to protect your enterprise from various risks. Below is an overview of our key products:
Group Life Insurance
Protecting the Future of Your Workforce
Group Life Insurance ensures financial support to the families of employees in case of an untimely death, fostering employee loyalty and meeting regulatory requirements.
Key Features
- Comprehensive death benefits for employees' beneficiaries.
- Statutory compliance with Nigerian labor laws.
- Customizable coverage options for diverse workforce needs.
Benefits
- Financial stability for employees' families.
- Improved employee morale and retention.
- Peace of mind for employers.
FAQs
- What does Group Life Insurance cover?
It covers death benefits payable to employees' nominated beneficiaries. - Is it mandatory for employers?
Yes, Nigerian law requires employers with more than five employees to provide Group Life Insurance. - Can the coverage be customized?
Yes, the policy can be tailored to meet your organization’s needs.
Credit Life Insurance
Protecting Borrowers and Lenders Alike
Credit Life Insurance covers outstanding loan amounts in the event of a borrower’s death, ensuring financial security for both lenders and borrowers' families.
Key Features
- Loan repayment coverage for borrowers.
- Protects lenders from unpaid debts.
- Coverage for various loan types (personal, mortgage, or business loans).
Benefits
- Safeguards families from financial burdens.
- Builds lender confidence in extending credit.
FAQs
- Who pays the premium for Credit Life Insurance?
Premiums can be paid by the borrower, the lender, or shared, depending on the agreement. - What loans are covered?
It covers most loan types, including mortgages, personal loans, and business loans.
Keyman Insurance
Securing Business Continuity
Keyman Insurance protects businesses from financial loss due to the untimely demise of essential personnel.
Key Features
- Compensation for the loss of critical employees.
- Support for business continuity and succession planning.
- Coverage for recruitment and training costs for replacements.
Benefits
- Safeguards organizational stability.
- Ensures uninterrupted business operations.
FAQs
- Who is eligible for Keyman Insurance?
It applies to employees critical to a business's success, such as executives and technical experts. - Can a business be the policyholder?
Yes, the business is the beneficiary of the policy.