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Life Insurance:
Personal Accident Insurance
Basic Cover
Cover is operative 24 hours a day, is world-wide and is provided against accidental death or accidental bodily injury (including accidental death or disability whilst travelling) of the insured person as per the following benefits/Sum Insurance.
Benefits
| 1. Accidental Death Benefit (ADB) |
In the event that an employee dies as a result of an accident a lumpsum amount equal to 100% of the sum assured is payable. |
| 2. Permanent Total Disability (PTD) |
If an employee becomes totally and permanently disabled due to an accident and being unable ever again to follow his own occupation or any other occupation, the Company will pay a lumpsum benefit equal to 100% of the sum assured |
| 3. Permanent Partial Disability (PPD) |
In case of loss by physical separation of any limb of one of your employees, or loss of any member of the body or total and irrecoverable loss of sight, the company will pay a percentage of the sum assured dependent upon the severity of the injury. The percentage is allocated in accordance with a predetermined scale. |
| 4. Temporary Total Disability (TTD) |
If one of your employees becomes totally unable to follow his normal occupation as a result of being continuously disabled by reason of an accident, the Company will pay a benefit of 100% of his weekly salary per week as long as such disablement continues, up to the policy limit |
| 5. Medical Expenses |
The Company shall reimburse the medical expenses incurred by any employee due to an accident up to a certain limit. |
| 6. Repatriation |
This benefit pays repatriation costs of the body or mortal remains to the home country of the deceased. |
Sum Assured
| 1. ADB / PTD / PPD |
The sum assured can be a fixed amount based on the category of the employee or it could also be a multiple of the basic monthly salary (usually 12, 24 or 36 months). |
| 2. TTD |
The weekly benefit is payable based on 100% of weekly wages based on the amount fixed at the inception of the policy, or 1% of sum assured is taken if salary figure is not available. |
| 3. Medical Expenses |
The amount of medical expenses is agreed with the proposer at the time of the inception of the cover and is based on a reasonable figure for treatment following an accident generally ranging between AED 5,000 to 10,000 per person per year. |
N.B. Personal Accident Insurance may be taken combined with Group Life Assurance as Group Life and Personal Accident.
ALSO IN LIFE INSURANCE
Life Assurance
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