Protection for your business

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Allianz Life offers a wide range of group plans encompassing the Group Life, Group Funeral and Credit Life Plan designed to meet your unique needs and add value to your business by minimising risk.

The Allianz Group Life Plan covers the death of the main member. There are riders to cover critical illness and group personal accident (temporary disability, permanent disability and medical expenses). Other riders include workman’s compensation and hospitalization cash back.

The Allianz Group Funeral Plan has a standard cover for the main member and additional cover for spouses, children, parents and even parents-in-law. By virtue of tradition and employment conditions, most employers are required to perform certain duties in the sad event of the loss of an employee. It is common to see most employers providing coffins, making a cash donation to the family, transporting employees to and from the funeral and providing refreshment for them. These costs can take a toll on the company’s finances. The Group Funeral Plan therefore insures this obligation and helps companies to plan their finances properly
The Allianz Keyman Plan covers Keyman risk for retail and SME business owners as well as mortgage protection. 

Allianz Credit Life Assurance is a policy with the key objective of providing additional cover and security to financial institutions that provide loans and other forms of credit facilities (such as personal loans, high purchase loans, finance leasing etc.) to individual consumers (Credit Life Plan) or to companies and  business owners (Keyman/SME Protection Plan). 

This policy reimburses the financial institution with the outstanding loan amount upon the occurrence of any of the insured events such as the death of the  individual consumer or the key member/decision maker of the business.

Scheme types

  • Credit Life Plan: For loan facilities for individual consumers such as personal loans etc
  • Keyman / SME Protection Plan: For loan facilities granted to companies and business owners
  • Mortgage Protection: For mortgage loan facilities to consumers

These schemes reimburse to the creditor, outstanding balances when events such as death, disability, critical illness or retrenchment befall the individual customer or the key member/ decision maker of the business.

Our Allianz Mortgage Protection Plan provides additional cover and security to financial institutions that provide mortgage loan facilities to consumers.

It is a life insurance product that reimburses the financial institution of the outstanding loan amount upon the occurrence of any of the insured events such as death. All these policies come with additional benefits for Total Permanent Disability in case of critical illness and Temporary Total Disability when retrenchment occurs.

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