GROUP LIFE
This cover provides a monetary lump sum benefit to the surviving family/beneficiary in the unfortunate event of death of the insured member.
Employees may be covered up to the age of 75 if the employee is in full time occupation.
This cover may be expressed as a multiple of salary – or as a fixed amount.
ACCIDENTAL DEATH AND DISMEMBERMENT
This cover provides a monetary lump sum benefit to the surviving family/beneficiary in the unfortunate event of death of the insured member as a result of an accident.
This benefit is payable in addition to the group life benefit (if chosen) which is payable in case of death due to any cause. I.e. double payment.
This coverage also provides a monetary lump sum benefit in case of dismemberment as a result of an accident.
The monetary amount will be a percentage of the full sum assured depending on the severity of the dismemberment.
The Continental Scale / Long Scale start at 3% for a finger – or a toe, and ends at 100% for loss of two limbs.
Employees may be covered up to the age of 70 if the employee is in full time occupation.
This cover may be expressed as a multiple of salary – or as a fixed amount.
LONG TERM DISABILITY (INCOME PROTECTION)
This cover provides a replacement of the employee’s income in case one is unable to continue to work due to disability.
Employees may be covered up to the age of 70 if the employee is in full time occupation.
This cover may be expressed as a percentage of salary – or as a fixed amount – but up to a maximum 75% of salary.
We offer the following deferred periods: 13, 26 and 52 weeks.
One might also choose between shorter – or longer periods of benefit payments – e.g. limited to 2, 3, 4 or 5 years of benefits – or to normal retirement age.
We also offer two alternative “hybrid” solutions. One alternative is a regular payment for 3 years with a 2-year capital as a lump sum after 3 years – or alternatively a regular payment for 2 years with a 3-year capital as a lump sum after 2 years
TOTAL AND PERMANENT DISABILITY
Provides a monetary lump sum benefit to the insured member in case one should become totally disabled.
Employees may be covered up to the age of 70 if the employee is in full time occupation.
This cover may be expressed as a multiple of salary – or as a fixed amount.
Contact us now to find out more: internationallines@geb.com