Group Insurance

An eligible member is someone who meets the eligibility criteria which are the requirements and rules that determine who can be insured. These are detailed in the policy wording and include the eligibility rules determined by the employer (as below).

An eligible person is someone who meets the eligibility criteria which are the requirements and rules that determine who can be an insured member. Our eligibility rules are detailed in the policy wording and we’ll work with you and your Adviser to determine the eligibility rules that will work for your workplace.

An Automatic Acceptance Level (AAL) is a pre-approved level of cover that’s been determined for the group. An insured member’s cover can be automatically accepted up to this level, which means we don’t need to ask any medical or lifestyle questions to put the cover in place.

The cover amount is chosen by the employer. This can be a set amount, multiples of a salary or a percentage of salary.

Cover is provided up to an Automatic Acceptance Level (AAL) based on the needs of your group.

Depending on the benefits and cover levels you select, Group Insurance is typically around 1-3% of your total salary cost.  

Premiums are paid by the employer and can be paid monthly, quarterly, half yearly or annually. 

Our policy wording gives you some options about how we make the claim payment. We’ll work with you and your Adviser to find the best solution possible for your business’ needs.

Yes, if insured members choose to retain this valuable benefit beyond their employment with their current employer, they can apply for their own policy with Chubb Life without further underwriting. Terms and conditions apply.

Yes, insured members are covered for up to 24 months while on paid or unpaid leave, including parental leave. Terms and conditions apply.