33. Can an employer provide Group Life Insurance cover for more than three times the Annual Total Emolument of the employee? – PensionNigeria

33. Can an employer provide Group Life Insurance cover for more than three times the Annual Total Emolument of the employee?

Yes. An employer may provide Group Life Insurance cover that provides benefits over and above three times the ATE of its employees. In addition, any employer that has an existing policy whose terms are better than three times the ATE should maintain such policy.

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