Employees' group life assurance
Employees' group life assurance is a life insurance policy which the employer takes out for employees. The employer is responsible for the costs of employees' group life assurance.
A death benefit is paid in the event of an employee's death, provided there are beneficiaries as referred to in the insurance terms and conditions. Employees' group life assurance is based on mutual agreement between labour market organisations. With certain exceptions, the insurance covers all employees in an employment relationship in accordance with earnings-related pension acts.
Employees' group life assurance is managed by a pool set up by insurance companies. The pool operates in connection with the Workers’ Compensation Center. The claim settlement service for employees’ group life assurance handles the processing and payment of all claims for death benefit covered by the insurance.
For more about employees' group life assurance, visit the Employees’ Group Life Assurance website