The scheme is available to employees of organisations working on permanent terms and conditions of service. It is a death in service benefit sponsored by the employer. By saving as a group, individuals can also take up the cover and enjoy the advantage of lower premiums.

The amount of benefit payable is determined by a factor of annual salary i.e. 3x Annual Salary, 4x Annual Salary or 5x Annual Salary. This is paid to the
nominated beneficiary in the unfortunate event of death