Atlantic Insurance Company's Group Life Insurance plan provides financial protection to members of a Company or an Association. The applicant would be the Company or the Association. The Insurance Company will pay the benefits as stated in the Schedule of the policy. Basic benefit is the death benefit. The assured is also able to select Total & Permanent Disability benefit, Funeral Expense benefit and Double indemnity for accidental death and dismemberment benefit.
Every member of the scheme will be required to nominate in writing the beneficiaries for his/her Death Benefit. The Employer, as trustee, will pay each member's death benefit to his/her beneficiaries in accordance with his/her nomination.