GROUP PERSONNAL ACCIDENT

 

Extended to cover:

• Medical expenses for personal accident

• Temporary or Permanent Disablement or Death

 

This type of policy is designed to foster the welfare of employees as well as reduce the financial strain that an organization could undergo in the event of accident, death or bodily injury to a member of staff. The policy provides a worldwide cover on 24 hours basis and benefits payable in respect of DEATH AND TEMPORARY OR PERMANENT DISABILITY are usually expressed as multiple of salaries.

 

Cover also extends to pay weekly benefit in the event of temporary total disability resulting from bodily injury to the insured person as well as certain allowance for expenses incurred on medical treatment as a result of accidental injury. Death or injuries from natural causes are however not covered.

Scale of Benefits: (to be determined by you)

 

DEATH:                                 Multiple of Annual salary e.g. 3 or 4 times annual salary

PERMANENT DISABILITY:       Multiple of Annual salary e.g. 3 or 4 times annual salary

TEMPORARY TOTAL DISABILITY:  100% weekly wages for a minimum of 104 weeks

MEDICAL EXPENSES PER PERSON: As determined by you on each category of staff

 

The premium payable is computed in the format shown below as per the attached Submission of Quotation

No. of employees per category

Total Estimated Ann. Salary

Medical Expenses per person

 

The above type of arrangement in effecting cover will be very beneficial to your establishment, as you will not be required to advise the insurers of any new members of staff taken on after the commencement of insurance cover.

The administrative convenience provided also obviate the embarrassing situation where an employee is injured and found not to be covered by the policy due to oversight in advising the name of employee to the insurance company.

This policy if combined with Employers’ Liability Insurance, earns the insured a premium discount of up to 30% on the Group Personal Accident premium and the employees are covered for 24 hours.

POLICY EXTENSION:

• Disappearance Clause

• Motorcycling Extension

• Riot, Strike and Civil Commotion

• Non-Occupational Hazard Clause