It pays a pre-determined benefit to employees’ named beneficiary in the event of any member’s death or disappearance.
- Cover time / type 24 hour
- No geographical limit
- Covers Death as a result of both Accidental and Natural Causes
- Disappearance (death benefit payable after 12 months of disappearance)
- It fulfills part of the statutory requirements of the Pensions Reform Act 2014.