Group life insurance
Group life insurance is a life insurance that companies can purchase for their employees. The insurance is valid for an employee while they are employed by the company.
The insurance amount is predetermined and paid to the beneficiary if the insured passes away, wether the cause is an accident or illness.
Life insurance benefits are paid out in a lump sum to a spouse or legal heirs and are tax-free and tied to inflation.
Group life insurance is a life insurance that companies can purchase for their employees. The insurance is valid for an employee while they are employed by the company.
The insurance amount is predetermined and paid to the beneficiary if the insured passes away, wether the cause is an accident or illness.
Life insurance benefits are paid out in a lump sum to a spouse or legal heirs and are tax-free and tied to inflation.
The insurance covers
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Compensation paid to the beneficiary due to the death of the insured.
The insurance does not cover
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If the policyholder commits suicide within one year of the insurance taking effect.
Please note that the information about the insurance is not exhaustive. More detailed information can be found in the insurance terms.
In case of a discrepancy between this information and the insurance terms, the insurance terms apply.
Insurance terms and other information
The insurance terms is your contract with VÍS. It is important to thoroughly read the terms and understand what is covered and what is not, before purchasing the insurance.
We point out that the information document contains a brief summary of the main aspects of the insurance. Further information about the insurance can be found in the insurance terms.
Insurance terms and information document