Mercantile Islami Life Insurance Limited


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Group Insurance


Group insurance is one of the most cost effective ways of providing protection against the financial losses caused by death, disability or retirement to a group of individuals who are associated with the policyholder by some common relationship other than insurance.

We at Mercantile Islami life offer group insurance schemes such as Employer-Employee, Professionals, Co-operatives and NGOs etc. What makes these schemes attractive are low premium, simple insurable conditions and easy administration in putting a single master policy covering all the employees/members all the employees/members.

Who can take the scheme:

Any organization, institution, professionals or NGO having at least 10 (Ten) employees/ members can take a group insurance schemes

Benefits to the employer:

Group life/hospitalization insurance comes in the service benefit package of the employees. It positively contributes to the morale and productivity of the employees and helps to attract and retain employees over a longer time period, enhancing the public relations and employee relations image as a consequence. Employers can also obtain a tax shield for the cost of contributing to the plan.

Benefits to the employee:

Preexisting medical conditions and/or the high cost of individual coverage tends to prevent employees from purchasing individual coverage packages. This is where an employer-sponsored plan comes in handy. Such plan allows virtually all members of a given group to be insured, regardless of their prior health history. A contributory plan allows an employee to pay a lower rate per unit of benefits than is available with individual coverage. A non contributory plan is even better for the employees, where the employer pays for the coverage that employees would otherwise have to pay for with personal money.

Premium rate fixation:

Usually premium rates are fixed on the basis of age distribution, sum assured and profession of the group clients. Sometimes, group insurance departments quote premium rates based on business.

For more information please Contact Us.

Mercantile Islami Life Insurance Limited

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