The policy is produced to groups of employees that have in common agreed benefit plan such as payment of a multiple of earned monthly salary in case of death or PTD and/or a percentage of the capital sum reached at as a multiple of the monthly salary in case of PPD. Normally, payment of the beneficiary are made directly to the life assured and/or its legal heir in death cases.

Such a policy is sought after by employers who look after the welfare of their employees especially when their job make them accident prone more than other jobs.

In this case, the employer is the applicant for the insurance buying, selects insurance plan and levels of benefits creating capital sum insured for every one of his insured employees.

This is a low cost insurance protection policy sensitive to number of insured employees. The greater the number the more economical is the cost. Of course there are other factors detrimental to the end value of the plan, they are put in focus when the employer fills a proposal form.