LIFE INSURANCE (COMMERCIAL)
Group Life Insurance (Employee’s Benefit)
With the AXA Group Life Insurance Product, you not only protect your employees but also provide reassurance to their families. It’s more than a benefit; it’s a commitment to care.
KnowYouCan
The AXA Group Life Insurance product is an annually renewable compulsory insurance policy which provides cover to employees of organizations. Asides from ensuring organization's compliance to government requirement, it acts as a show of goodwill by offering financial support to employees’ families in the unfortunate event of loss. With affordable premiums made possible through pooled risk, it’s a smart way for employers to show care and responsibility toward their workforce.
Why Choose us?
Award winning HMO service provider
Serving millions worldwide
Serving 100+ million people worldwide. Trusting us every day and making us one of the leading insurance companies globally
We operate in over 57 countries
With over 160,000 employees committed to better protect you around the world
24/7 Support
We are always accessible; you can contact us anytime for any enquiry.
Prompt Claim Payment
All verifies claims are paid on time without any hassle.
Claims Process
1. Download and fill out a claim form.
2. Submit the claim form along with the complete documentary requirements online to ccare@axamansard.com or to the nearest AXA Mansard Office.
3. AXA Mansard will confirm the approval of your request through e-mail or a call.
4. Claim will be settled and received via your preferred channel as indicated in the e-mail or call.
Benefits
- Financial Security for employees’ families – a lump sum benefit is paid to the named beneficiaries of an employee in the event of loss
- Cost-Effective Protection – affordable due to pooled risk across employees
- Worldwide Cover – 24/7 coverage, anywhere your employees are
Features
- Entry Age: 18 – 65 years
- Policy Term: Annually renewable
- Payment Frequency: Yearly
- Optional Riders: Funeral cover, Critical Illness cover & Spousal cover
FAQs
All employees of an organization enrolled by the employer will be covered under a single policy with the documents issued in the name of the organization.
The employee’s nominated beneficiary (usually a family member) receives the lump sum benefit.
Yes. It is required for members with sum assured above the free cover limit of N100 Million.
Yes. The sum assured is usually a multiple of the employee’s annual salary (minimum is multiples of 3), and employers can adjust it based on organizational policy.
Yes, new employees can be added to the policy and employees that resigned or had their contract terminated with the organization can be taken out of the policy. However, the employer is expected to notify us of the development as soon as possible.
