Group Life Insurance

Protect your workforce and comply with regulations through a corporate life cover that ensures families are supported when tragedy strikes.

Protection For Families and Groups

Group Life Insurance is designed to provide financial protection to employees and their families in the unfortunate event of death during active service. It is a vital component of employee welfare and corporate responsibility — ensuring that your team’s loved ones are not left vulnerable in times of loss.

At P&P, we make it simple for employers to secure their workforce with a reliable, compliant, and compassionate insurance solution.

The Importance of Group Life Insurance

Group Life Insurance is more than a benefit — it’s a promise. It shows your employees that you value their lives beyond their labor.
Here’s why organizations across Nigeria trust P&P:

Fulfill legal obligations under the Pension Reform Act 2014.
Provide peace of mind to employees and their families.
Attract and retain top talent with a robust employee benefits package.
Boost employee morale and loyalty through financial assurance.
Protect your brand reputation as a responsible and caring employer.

Core Areas of Focus

At P&P, we make it simple for employers to secure their workforce with a reliable, compliant, and compassionate insurance solution.

Death benefit paid to next of kin.

Coverage for death due to illness, accident, or natural causes.

Lump-sum payment of at least three times annual total emolument (as mandated by law).

Optional riders such as accidental death, permanent disability, or funeral expenses.

Flexible schemes tailored to your organization’s size and structure.

Core Areas of Focus

At P&P, we make it simple for employers to secure their workforce with a reliable, compliant, and compassionate insurance solution.

Death benefit paid to next of kin.

Coverage for death due to illness, accident, or natural causes.

Lump-sum payment of at least three times annual total emolument (as mandated by law).

Optional riders such as accidental death, permanent disability, or funeral expenses.

Flexible schemes tailored to your organization’s size and structure.

Why Choose P&P for Group Life Insurance?

We provide financial protection to employees and their families in the unfortunate event of death during active service.

Expertise

Decades of expertise in corporate insurance solutions.

Trusted Partnerships

Trusted by top organizations and SMEs nationwide.

Dedicated Managers

Dedicated account managers for group policies and seamless onboarding.

Fast Claims Processing

Fast and transparent claims settlement.

Quick Answers to Common Questions

Who is eligible for Group Life Insurance?

All full-time employees of an organization covered under a corporate policy.

Is Group Life Insurance compulsory in Nigeria?

Yes. The Pension Reform Act 2014 mandates all employers with five or more employees to provide Group Life cover.

How much coverage is required by law?

A minimum of three times the employee’s annual total emolument (ATE).

Can employers choose higher coverage limits?

Yes. Employers can opt for enhanced cover to provide additional protection beyond the statutory requirement.

How are claims paid?

Upon verification and submission of necessary documents, claims are paid directly to the named beneficiaries or next of kin.

About P&P

Property & Pecuniary Insurance Brokers Limited is your trusted partner in risk management and financial protection. From individual covers to complex corporate risks, we ensure you’re always secured, always confident.

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Polak House, 7 Fola Jinadu Crescent, Gbagada Phase 1, Lagos