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Group Life Insurance

The fundamental purpose of any type of insurance is to replace or compensate economic loss in contingencies. Group Life Insurance provides insurance protection to a number of individuals as a class or group under a single contract.

Group Life Insurance means securing a Group of people against untimely Death or Accident/Sickness under a single contract called "Master Policy".
 

Basic Cover:

In the event of the death of an employee by any cause, the Company will pay a lump sum benefit of the amount of the sum assured to the insured for the family and dependents of the employee.

Sum Assured:
The sum assured can be a fixed amount as pre-determined or it could also be a multiple of the basic monthly salary (usually 12, 24 or 36 months) of the employee.


Personal Accident Cover:

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 traveling) of the insured person as per the following benefits/Sum Insurance.

Group Life Assurance may be taken combined with Personal Accident Insurance as Group Life and Personal Accident.


Additional Group Benefits:

• Accidental Death Benefit (ADB)

• Permanent Total Disability (PTD)

• Permanent Partial Disability (PPD)

• Temporary Total Disability (TTD)

• Medical Expenses Reimbursement

• Repatriation Benefit

Workmen’s Compensation Cover:

An employee covered under this cover is entitled for benefits as per Kuwait Labour Law subject to standard exclusions in the policy.

If the employee covered under the policy sustains bodily injury by accident arising out of and in course of his employment, he/she is entitled for compensation for such injury as per the Kuwait Labour Law 1964 as amended by Order NO. 8 of 1965 and Order No. 66 of 1983.

For more information .. Don’t hesitate to contact us.