Group Life Insurance


The Institute in the last quarter of 2020 constituted a Welfare Committee with the mandate of setting up a Comprehensive Welfare Package that will bond members and demonstrate the CARE Institute has for its members.

Six initiatives were considered, of which Group Life Insurance is one of the values proposed.

Product Summary: Group Life Insurance Protection with Accident or Critical Illness Rider.

Description of Product:

i) Group Life Insurance – provides financial compensation (N1,000,000) for the dependants/ named beneficiary(s) of a member who dies during this policy.

ii) Accident – provides financial compensation (up to N500,000) for a member who suffers permanent and total disability (for example, loss of limbs or sight) because of an accident.

iii) Critical Illness – provides financial compensation (up to N500,000) for a member who becomes diagnosed with a critical illness (such as Cancer, Kidney failure, Heart attack, etc.) and the degree and severity is as defined in the policy.

To read more about the product benefits, Premium cover packages, and upgrade benefits, CLICK HERE.

How to register:

Interested members are to supply their data by completing the registration form and pay the annual premium stated in their age category to the Institute’s GTBank Account No. 0006819203.

Kindly use this link to register:
For further clarification, contact: Margaret Moore, FCIIN, FNIMN (08055999103) Mega Trust Insurance Brokers Limited. No. 36, Orlando Martins Street, off Igbosere Road, Lagos Island, Lagos.

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