International group life insurance

We require that at least 50% of employees in a group are either expats or acceptable local nationals

We can offer group life insurance to small and medium businesses, corporates, NGOs, IGOs and governmental organisations.

Small and medium businesses

3-99 employees

We can protect your employees while you’re growing your business internationally. We have useful tools like mixed levels of cover for different categories of employees to help keep your employee benefits affordable.

Corporates

100+ employees

For established international businesses, we can provide bespoke insurance policies, simplified administration, and high standards of service.

NGOs, IGOs, governmental

We have looked after staff of non-governmental organisations, intergovernmental organisations, and governmental organisation for more than 30 years.

The premium we charge depends on your employees’ ages, their benefits/level of cover, and any underwriting adjustments.

We may make adjustments for medical underwriting for groups with less than 20 employees. We may make adjustments for non-medical underwriting (e.g., occupation) for groups of all sizes.

AWP Health & Life, an insurance company in the Allianz group, is the insurer of our group life insurance policies. AWP Health & Life is registered in France and is regulated by the French Prudential Supervisory Authority.

William Russell is the administrator of the group life insurance policies. We also handle your employees’ claims. We’re registered in Belgium with the Financial Services and Markets Authority as a mandated underwriter, and we’re authorised and regulated by the Financial Services Authority in the UK.

Your business must have at least 3 eligible employees to qualify for a group life insurance policy.

No, we can only cover your employees.* However, the employees’ family members can be (and usually are) beneficiaries of the life benefit, accidental death & permanent disablement benefit, and the funeral costs & repatriation benefit.

*We can provide optional critical illness cover for employees’ children, and the beneficiary is the employee.

Yes, under certain conditions. We have automatic acceptance limits, which define the level of insurance cover before we require medical information from the employees. Automatic acceptance limits are also known as ‘free cover limits’.

• If you have 3-4 employees, there is no automatic acceptance limit. This means we will medically underwrite your employees for the life benefit you selected for them.
• If you have 5-9 employees, the automatic acceptance limit is US$250k. This means we don’t require medical information from your employees unless you select a life benefit for them in excess of US$250k. We will medically underwrite your employees for the life benefit in excess of US$250k.
• If you have 10-19 employees, the automatic acceptance limit is US$400k. This means we don’t require medical information from your employees unless you select a life benefit for them in excess of US$400k. We will medically underwrite your employees for the life benefit in excess of US$400k.
• If you have 20+ employees, the automatic acceptance limit is US$2mn. This means we don’t require medical information from your employees regardless of the life benefit you select for your employees.

We will underwrite your employees for occupation regardless of the life benefit you select for them, and we require every employee to be actively at work at the start of your policy.

The minimum age for an employee on a group life insurance policy is 18. The maximum age of entry into a policy depends on how many employees you’re insuring, and the maximum age to which you can renew an employee depends on the benefit.

Life benefit

• If you have 3-99 employees, an employees must be no older than 69 when they join your policy
• If you have 100+ employees, an employees must be no older than 75 when they join your policy
• If you have 3-49 employees, you can renew an employee’s insurance cover until age 75 (or age 70 if they joined your policy under the age of 60)
• If you have 50+ employees, you can renew an employee’s insurance cover until age 75 regardless of their age at entry to your policy

Accidental death & permanent disablement benefit

• An employee must be no older than 69 to receive insurance cover under this benefit
• You can renew an employee’s insurance cover under this benefit until age 70

Adult critical illness benefit

• An employee must be no older than 64 to receive insurance cover under this benefit
• You can renew an employee’s insurance cover under this benefit until age 65

Child critical illness benefit

• An employee’s child must be no older than 17 to receive insurance cover under this benefit

Funeral costs & repatriation benefit

• An employee must be no older than 69 to receive insurance cover under this benefit
• You can renew an employee’s insurance cover under this benefit until age 70

We can provide group life insurance policies to businesses not registered in a restricted country and provided 50% of your employees are expats (i.e., living in a country that’s different to their country of nationality) or are acceptable local nationals.

The cost of group life insurance depends on how many employees you wish to insure, their age, how much cover you require, and which optional benefits you require for them. Speak to us to get an indicative quote tailored to your needs and requirements.