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GROUP LIFE INSURANCE
Tailored Group Protection to Safeguard Workforces Across Borders
PRODUCT SUMMARY
Protect your employees, strengthen your business.
International Assurance’s Group Life Insurance solution is an employer-sponsored protection framework designed to help organisations provide structured financial security benefits to their employees within a compliant international insurance structure. The solution supports workforce protection while enabling employers to administer benefits efficiently across multiple regions and jurisdictions.
Group Life Insurance enables employers to offer coverage in respect of death and, where selected, disability and critical illness. The amount of coverage is typically a multiple of an employee's annual salary and may be structured by employee category, role, or region, allowing organisations to align benefits with workforce needs and corporate policies. Benefits are payable in major hard currencies to beneficiaries worldwide, subject to policy terms and applicable regulations, supporting globally mobile workforces and multinational benefit frameworks.
Designed for organisations, the solution supports cross-border continuity, allowing coverage to remain in force when employees relocate or are assigned internationally, in accordance with policy conditions. Premiums are typically administered through a centralised payment structure, simplifying benefits management for multinational teams.
Group Life Insurance is issued by International Assurance, a Mauritius-domiciled long-term insurer regulated by the Mauritius Financial Services Commission (FSC), and operates within a recognised international regulatory framework. The policy is supported by leading global reinsurance partners, providing institutional-grade risk backing and operational resilience.
Through its combination of flexible plan design, global portability, regulatory oversight, and hard-currency benefits, Group Life Insurance offers a robust corporate protection solution for employers seeking to support employee wellbeing while strengthening retention and organisational stability.
KEY BENEFITS
Hard Currency Payouts
Hard-currency benefit payouts in USD, EUR, GBP or other
Global Portability
Cross-border continuity for internationally mobile employees
Customisable Coverage
Flexible plan design tailored by role, region, or employee category
Efficient Claims Process
Simple documentation and responsive administration ensure timely, transparent claims handling
Institutional Reinsurance Backing
Supported by globally recognised AA+ rated reinsurance partners
Centralised Premium Collection
Centralised premium administration for multinational organisations
Employee Retention & Employer Brand Strength
Show your commitment to employee wellbeing, enhancing retention, recruitment, and trust across your organisation
Compliance Assurance
Issued within a regulated insurance framework in Mauritius
FAQs
Eligible employees include full-time, part-time, or contract staff as defined by the employer. Coverage can be customised across roles, seniority levels, or regions.
Benefits are paid in hard currencies such as USD, EUR, or GBP, ensuring protection from local currency volatility.
The policy can include:
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Life cover (death benefit)
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Total and permanent disability
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Critical illness
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Retirement savings or investment-linked benefits
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Yes. Employees can continue their cover individually or through a new employer, making the policy ideal for mobile workforces.
Premiums can be paid from the head office or a designated single entity, and can be settled in USD, EUR, or GBP. This streamlines administration for multinational employers.
Yes. The product is issued under International Assurance Limited PCC, a licensed and regulated long-term insurer in Mauritius. The associated benefit plans are overseen by qualified trustees to ensure full compliance.
The structure benefits from Mauritius’ favourable tax regime. In many cases, policy assets and benefits may enjoy exemptions or reduced tax exposure, but clients should consult their tax advisor for specific guidance.
Yes. The Group Life Insurance policies are 100% reinsured by a globally recognised reinsurance provider, ensuring financial strength and reliability.
International Assurance is committed to efficient claims processing. With complete documentation, claims are typically processed and paid promptly in accordance with policy terms.