Group Life Assurance

The policy is offered to the employer under group term assurance arrangement.

The benefits are a multiple of annual salary say 1, 2, 3, 4 or 5 annual salary.  In case of death while still in the service of the employer, the policy pays out in a lump sum such death benefits to the dependants of the deceased employee.

SUPPLEMENTARY BENEFITS

Dread Disease (Critical Sickness) Cover

 In consideration of an additional premium paid for such cover, the employees get cover for such sickness as Heart Attack, Cancer, Stroke, Coronary Artery by pass surgery, Paraplegia and major Organ transplant. Pre existing condition of such cases are not covered, benefit is limited to half the sum assured or to a maximum limit of Ushs 10M/=.  In the event of death while still in service, the balance of the sum assured is payable to the dependant.

Group Last Expense Cover

It covers the employee’s funeral expenses in the unfortunate event of death in service.

Benefit is payable within 48 hours of official communication within normal working days.  The policy can be taken independently of any other cover. 

Group Disability Cover.

The policy can also be extended to provide for disability benefits in case of accident or sickness rendering the employee temporarily incapable of performing the employer’s duties as expected. When considered together with Group life Cover mentioned above, the policy has a wider cover than both the Workmen Compensation and Group Personal Accident policies combined.