Certe Group Life Insurance Solutions Certe Group

Certe Group is a financial services provider tailoring life insurance solutions for individual and corporate clients.

Group Insurance

About Group Insurance

As the name suggests, Group Insurance provides cover where benefits and limits are defined for the group rather than the individual. A common policy owner or group owns the policy, e.g. superannuation funds, partners, trustees, companies, or professional associates.

Group insurance plans can be structured inside or outside superannuation.

Group insurance offers:
  • Wholesale premiums that are usually considerably lower than individual rates;
  • Automatic acceptance for insurance cover is available in most circumstances. Generally this means there is no individual underwriting within defined limits;
  • Streamlined administration providing greater convenience;
  • Fewer restrictions on pastimes and hazardous activities, compared with those generally found in an individual policy; and
  • Easier access to cover because of preferential underwriting for "groups".
Group Salary Continuance

Group Salary Continuance provides a monthly benefit (up to 75% of pre-disability income) for an insured member or employee who is unable to work due to a protracted illness or injury. The benefit payment periods range from two years to age 65. Waiting periods range from 30 days up to two years.

Group Life Insurance

A lump sum payment is made on either the death or total and permanent disablement of an eligible member.

How we can help

The area of Group Life and Salary Continuance Insurance is becoming increasingly complex, with constantly changing products, benefit designs, policy terms, and conditions, not to mention tax and compliance issues. We save our clients time and money by providing comprehensive services, administration, and claims management.

Some of our services include:
  • Tender management and due diligence
  • Executive administration service - underwriting and claims management
  • Renewal process and audit of premium reconciliation annually
  • Individual tailored member statements
  • Member care program and group presentations.

Group insurance provides many benefits to employers and/or trustees. A substantial employee benefit can help attract and retain valuable employees. It can also assist Trustees of superannuation funds to provide a reasonable and prudent benefit strategy for their Members.

To find out about how group insurance can benefit your organization, contact john.felsch@aon.com.au.