Group life insurance aims to provide financial protection to employees due to tragedies
What you get!
- Medical expenses due to accident
- 24/7 accidental coverage for each employee
- Employee replacement opportunity (up to 4 times per employee)
Key Features
- Policy Term: 1 year
- Sum Insured: 1,000,000 Kyats - 5,000,000 Kyats
- Insurable Age: 18 – 60 years old
- Minimum 5 Employees required
Benefits
- Accidental Death
- Accidental Injury
FAQs
What are the benefits if I buy this insurance for my employees?
You do not have to worry if any accidents happen to your employees either at work or off duty. Coverage is 24/7.
How much do I have to pay for the premium?
The premium is to pay once per year.
e.g. the coverage of 1 employee is 5 Million then you have to pay 50,000 Kyats (1% of the coverage).
What benefits are available under Group Life insurance?
- Accidental death benefit
- Total Permanent Disability (due to accident)
- Accidental injury benefit (both minor & critical injuries)
What are the required documents to lodge a claim?
- Claim request form
- Case Summary letter from the employer
- A copy of the death certificate, if a fatality has occurred
- Medical record of injury, including a close – up photo
- NRC copy of the injured person and
- Bank account for claim money to be transferred