Group insurance is coverage for employees under the same policy by considering risks of the group of employees including age, gender, roles and responsiblities, and sum insured. One premium rate will be calculated and applied to all insured members which leads to lower expense of insurance and lower premium than individual life insurance in overall. Good employee welfare can attract and retain good employees because it gives comfort towards employees. In case of accident, illness or disability, employees will receive coverage fully and appropriately. Besides low premium of group insurance, coverage period is also suitable for firms, private companies as well as government agencies which have annual performance summary whereby business owners will pay premium for employees as morale support.
It cover all cases of death including illness or accident throughout 24 hours locally and internally. Once an insured passes away, the Company shall pay sum insured to a beneficiary or the insured's heir.
It covers death or dismemberment from accident including accident which is due to riding or being a passenger on a motorcycle, and it is a direct cause of death or dismemberment of the insured within 180 days from the date of accident.
1. Group Accident Rider 1(1)
2. Group Accident Rider 2(1)
3. Accidental Treatment Expense Rider(1)
It covers in case the insured has injury or illness which causes the insured to have total and permanent disability, or permanent disability
It covers in case the insured is diagnosed with critical illness or receives surgery according to critical illness coverage which is in accordance with the definition of the illness stated in the rider. In this regard, after the Company has received medical evidence of the illness or surgery that is sufficient for the diagnosis, the Company shall pay benefit according to the sum insured amount of this rider to the insured and the coverage of this insured according to this rider shall end.