The recent economic recession in Cyprus, combined with the growing need for organizations to attract high caliber employees, have resulted in an increasing need for employers to provide group schemes for their personnel. A group insurance scheme can provide important benefits for both employees and employers.
Universal Life was the first company to introduce Group Insurance in Cyprus in 1971. The Company has played an instrumental role in shaping the group insurance industry in Cyprus and currently possesses the largest market share in this sector. It provides group scheme solutions that can be specially customized and tailored to the needs of both employees and organizations.
Employers can provide intrinsic benefits through the group schemes of Universal Life and can help increase employee satisfaction, trust and dedication to the organization.
A group insurance scheme may also have the following additional benefits:
