This insurance is taken out by an employer or by a non-profit making association for the benefit of its members.

It covers the employees and the members in terms of the risk of death.

In the event of the death of an employee or member, the insurer transfers the capital stipulated in the contract.

This capital is established depending on what the employer offers in view of the collective agreement and thus it may vary from one organisation to another.

Thanks to this insurance, companies and associations can cover themselves against the financial consequences of the death or total and permanent invalidity of one of their members.