Group Life Insurance
Protect your employees' families with Ireland's most valued workplace benefit — structured for maximum tax efficiency.
Ireland's Most Common
Employer Benefit
Group Life Insurance — commonly referred to as Death-in-Service benefit — provides a lump sum payment to an employee's nominated beneficiaries if they die while employed by your company. It is the cornerstone of any Group Risk programme and the benefit employees most frequently cite as meaningful to them.
As Group Risk specialists, we access every insurer in the Irish market to secure the most competitive premium for your scheme — and we handle all the administration so you don't have to.
Why Offer Group Life Insurance?
Most Valued Employee Benefit
Group Life Insurance — also known as Death-in-Service benefit — is consistently rated the most valued benefit employers can offer. It provides a lump sum to an employee's dependants in the event of death while in employment.
Significant Tax Advantages
Premiums are fully deductible against corporation tax, making it one of the most cost-efficient benefits available. Employees pay no Benefit-in-Kind (BIK), and the lump sum benefit can be paid tax-free up to four times the employee's annual salary.
No Medical Examinations
Unlike individual life insurance, Group Life Insurance typically requires no individual medical underwriting for most employees. This makes it easy to set up and ensures inclusion for all members of your workforce.
Flexible Benefit Design
We structure the benefit to suit your organisation. Cover can be set as a multiple of salary (e.g. 2× or 4× annual salary) and can include spousal or dependants' pension options for added depth of protection.
Group Life Insurance FAQs
Who is covered under a Group Life Insurance policy?
All employees who are enrolled as scheme members — typically all permanent staff, though the scheme can be tailored to include part-time or specific categories of employees.
How quickly can a scheme be set up?
For most companies, a Group Life Insurance scheme can be established within a matter of weeks once we have the necessary employee data and have received competitive quotes from the market.
What happens to the policy if an employee leaves?
Cover ceases when employment ends. However, many policies include a 'continuation option' allowing the departing employee to convert to an individual policy without medical evidence.
Is there a minimum number of employees required?
Most insurers require a minimum of ten employees to establish a Group Life scheme, though we can advise on suitable options for smaller companies.
Ready to Protect
Your Workforce?
A free initial consultation with no obligation. We'll assess your current position, explain your options, and search the market for the most competitive solution.