Living Assurance Benefit:
An insured employee suffering from a terminal illness may receive up to 50% of the life insurance benefit (to a pre-set maximum) while still living. Payment will be made to the insured employee subject to all the terms and conditions of the policy. The amount of life insurance payable upon the death of the insured employee will be reduced by any Living Assurance Benefit payment.
Voluntary Employee & Spouse Life Insurance:
In addition to life insurance for employees, we offer options for employees to purchase additional amounts of life insurance for themselves as well as for their spouse. If an insured dependent spouse dies while insured for Voluntary Life Insurance benefits, payment of the benefit will be made to the insured employee.
Dependent Education Benefit:
Under our Accidental Death and Dismemberment policy, if an insured employee dies as a result of an injury, a benefit will be paid each consecutive year—up to a maximum of four years—for each of the insured's dependent children who is enrolled as a full time student and continuing his/her education on a full time basis.
Under our Accidental Death and Dismemberment policy, if an insured employee incurs a covered loss as a direct result of an injury and requires participation in a formal rehabilitation programme in order to return to active employment, a benefit up to a maximum of $5,000 will be provided.