Group, Life, personal Accident & Health
Our Group products can be tailor-made to protect your organization's liabilities which may arise under the statutory regulations of Workmen's Compensation, or alternatively protect your employees on a voluntary pay-roll deduction basis.
It’s common knowledge that the Workmen's Compensation benefits cover only the standard limits, providing very limited benefits both in terms of their scope, as well as in quantum. Today most concerned employers are taking out at least some of the following benefits to provide for the unfortunate accident or death of an employee.
- Life insurance to protect the employee's family against the death of an employee whilst in employment. Our group cover is very cost effective, and the sum insured could be geared to the monthly salary of the individual. Some employers provide cover for 60 times of monthly salary, while others go upto as much as 100 times giving a substantial sum to enable the family to maintain a reasonable standard of living.
- Personal Accident insurance to provide cover against sudden death, total permanent & partial permanent disabilities. In addition to life cover, the Personal Accident cover provides similar benefits in the event of death by accident, and supplements the life cover in such a situation. In addition, it also provides compensation to the employee in the event of permanent disability such as loss of a limb, or an eye, as a result of an accident. This would partly compensate the employee for his inability to engage in full employment.
- Hospitalisation cover to protect the employee and his family in the event of serious illness, and to meet the cost of treatment in private hospitals.
- Critical illness benefits to provide a substantial lump sum in the event of the employee and/or his family being affected by a critical illness such as Cancer, Kidney Failure, Paralysis or the like.
Click on the icon for PayDirect Hospitalisation plan
If you need to meet one of our Professional Advisors to tailor make any of our engineering covers according to the distinct requirements of your organization please click here to Contact Us. Download the sign up form here