Introduction to Group Life Assurance (GLA)
Group Life Assurance is a globally recognized employee and member protection solution commonly offered by employers, unions, corporates, financial institutions and professional associations as part of their employee welfare and benefits strategy.
In the insurance industry, GLA schemes are designed to provide financial security to members and their families during unexpected life events such as death, disability, critical illness or accidents. Because the cover is provided on a group basis, members benefit from lower premiums, simplified access and broader protection compared to individual insurance policies.
Many institutions implement GLA schemes because they:
Enhance member and employee welfare
Reduce financial vulnerability for families
Promote inclusivity through group-based access
Provide peace of mind and income protection
Strengthen institutional support systems
For a monthly contribution of P95, members gain access to a structured financial safety net designed to protect them when life takes an unexpected turn.
The product provides:
- Up to P50,000 in critical illness protection for conditions such as cancer, stroke and heart attacks.
- Up to P50,000 for total and permanent disability, helping members whose ability to work is permanently affected.
- Additional accidental cover for unforeseen tragedies.
- A tax-free P200,000 life cover for beneficiaries in the event of death.
Why the Cover Is Important
The Moriti GLA also addresses the growing burden of chronic and critical illnesses, many of which can place families under severe financial pressure even where medical aid exists.
Examples of illnesses covered under critical illness benefits may include:
- Cancer
- Stroke
- Kidney Failure
- Heart Attack
- Major Organ Failure
- Paralysis
- Spinal Cord Injuries
The financial impact of these conditions can be significant. For example:
- Cancer treatment can cost tens of thousands of pula for consultations, scans, chemotherapy, surgery, and medication.
- Kidney dialysis may require ongoing treatment multiple times a week, creating long-term financial strain.
- Stroke and heart-related conditions often require hospitalization, rehabilitation, specialist treatment, and lifestyle support.
- Specialized spinal or lower lumbar procedures outside Botswana may exceed P150,000 excluding travel, accommodation, and recovery costs.
Even with medical aid, families are often still required to cover co-payments, transportation, specialized medication, income interruptions, home adjustments, and other non-medical expenses. Without medical aid, the financial burden can become overwhelming.
