Family protection
Covers death from any cause, anywhere in the world, 24 hours a day, 365 days a year.
Group Life Plan
Group life insurance
Life insurance for companies, associations, cooperatives and educational institutions: provides family protection in the event of the death of your employees and strengthens your team's bond and trust.
10 insureds
Up to 20%
Why choose the Group Life Plan?
A group life insurance policy so that your organization can protect your employees and their families.
A single contract
One policy protects the entire insured group, and the policyholder organization manages enrollments, removals and the monthly roster.
Lower staff turnover
It provides security to your employees, strengthens their bond with and trust in the organization, and projects social awareness.
Flexible purchase
Contributory or non-contributory modality, and premium payment with no installment surcharge.
Coverage tailored to you
Standard contract: coverages, riders and services are negotiated with BMI according to the risk and line of business of your organization.
The organization takes out the policy
The company or institution is the policyholder and chooses the option and coverages, and the group must include at least ten insureds.
The insured group is included
Authorized employees and executives are insured; BMI may request evidence of insurability.
BMI is notified of the claim
The policyholder or the beneficiary reports the death to BMI in writing.
BMI reviews and pays the claim
Submit your claim within 90 calendar days; BMI processes it and communicates its resolution.
Document Downloads
Group Life Plan coverage and benefits
Basic coverage
Death from any cause, up to the sum insured stated in the certificate and in the particular conditions.
Optional riders
For an additional premium: terminal illness advance, disability, accidental death, funeral expenses, critical illnesses, unemployment and insurance for spouse, children and parents.
Optional services
Dental plans, health and home assistance, and Tarjeta MAS Colectivo, with an additional premium.
Beneficiaries
Each insured designates their beneficiaries and may change them at any time, unless the designation is irrevocable.
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It is an insurance taken out to provide protection to a group of people. Depending on the coverages selected, it may include an indemnity in the event of death, accident, illness or disability of the insured person.
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It is aimed at business groups, professional associations, associations, cooperatives, SMEs, educational institutions and other organizations that wish to offer additional support to their employees or members.
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It can strengthen the organization's benefits offering and provide financial support to insured persons and their families in certain situations. The coverages and indemnity amounts depend on the plan and the contracted conditions.
Additional assistance services may also be added to complement the policy's basic coverages and offer more comprehensive protection.
