Explore the best group life insurance in Hong Kong. Group Life is life insurance that an employer puts in place for each staff member/employee that it has, much the same as group medical policy. The sum assured is paid for by the employer and the death benefit is paid directly to your beneficiaries if you die whilst in their service.

This will usually be an employee benefit provided to employees in larger organisations. Still, SMEs can consider it as a part of their overall employee package alongside group medical insurance.

The cover benefit is often based on a multiple annual salary, such as base salary x 12 or 24.

As with most insurances, this will depend. Factors such as the age demographics of the group and the sum assured / death benefit will dictate the premium. The type of functions performed as well as the location they are carried out, can also impact on the premium.