1. Group Term Life, Accidental Death, Partial / Permanent Disability & Medical Scheme, Pension
This scheme provides financial protection for an employee’s health, accident, disability and benefit for beneficiaries in case of death, while employed for the employer
2. Student Welfare Assurance Protection Plan (SWAPP)
This special policy is designed to provide certain benefits for student while on campus, to and from school and including school related activities.
3. Special Anticipated Endowment
The sum assured is payable in three installments. The policy holder receives 25% of the sum assure twice within specify period before maturity. The remaining 50% become payable at the maturity date of the policy.
In case of early death of the life assure, the full sum assured will be payable to the beneficiaries irrespective of any installments the policy holder has already received.
Advantages of this Plan
The policyholder receives part of the benefits out of his assurance policy during the premium payment period and further retains his life assurance protection for the amount until maturity date. This policy can be taken for 9, 15 and 25 years respectively. It can also serve as collateral or security for loan.
4. Term Life Assurance
This policy provides coverage at a fixed rate of payments for a limited period of time, the relevant term. If the life insured dies during the term, the death benefit will be paid to the beneficiary.
5. Personal Accident Insurance (Group)
This is a unique from a Life Assurance, which provides cover on a 24-hours basis for compensation to the insured person(s) following an accident. It is a benefit policy, which can be arranged as personal or group policy by which organizations to the insured their employees.
Group Personal Accident, as it is generally called, payments for certain specified sum in the event of accidental death, permanent or temporary disablement as well as the medical expenses necessarily incurred following an accident.