30. Who pays the premium for a Group Life Insurance Policy? – PensionNigeria

30. Who pays the premium for a Group Life Insurance Policy?

The premium for Group Life Insurance Policy is paid by the Employer. The employee does not bear any cost to this effect. The employer is obligated to pay the equivalent amount of the Group Life insurance to the beneficiaries of the deceased where it does not have an existing Group Life Insurance Policy for its employees.

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