The EFU Group Term Life Assurance Plan gives employers the facility to tailor the package to their specific needs by choosing from a comprehensive range of additional benefits available. All covers are available on a 24-hours worldwide basis and cover both on-duty and off-duty risks.
Even though the additional benefits are subject to some exclusions, the basic life benefit is exclusion free and shall be payable in any case. Acts of terrorism such as fire-arm, murder, assault and assassination are covered as well.
Accidental Death Benefit
The benefit provides an additional indemnity in the event of accidental death.
Accidental Disability Benefit (PTD)
The benefit will provide for a certain percentage of the basic sum assured(according to the schedule, which is in line with the Labor Laws) payable when permanent disability results from an accident. This rider mainly aims to provide a financial cushion to workers where the risk of amputation is usually high.
Accidental Disability Benefit (PTD – own, similar & any occupation)
The benefit provides for the full payment of the basic sum assuredif the permanent and total disability by accident prevents the member from following his own occupation or any other occupation for which he is reasonably suited by reason of education, training or experience. This benefit mainly aims to provide a financial cushion to members of your group.
Accidental Disability Benefit (PTD – any occupation)
This benefit provides for the full payment of the basic sum assured if the permanent and total disability by accident prevents the member from following his occupation or any other occupation. This benefit mainly aims to provide a financial cushion to individuals of your group.
Natural Disability Benefit
This benefit provides for the payment of the full sum assuredif permanent disability is caused by natural causes.
Fortnightly Income Benefit (FIB)
The benefit is payable in case of temporary total disability resulting from an accident. The benefit is paid monthly up to a maximum of one year and is paid for the disabilities lasting for more than 14 days.
Hospitalization/ Medical Expense Benefit
Our Accidental Hospitalization/Medical Expense Plan provides protection against accidental occurrences that might lead to bodily injuries. The plan offers financial support in case of hospitalization arising due to the accident. Actual expenses incurred for medical treatment will be covered under the plan.
Funeral Benefit
This benefit is provided to low-income workers to cover funeral expenses in case of the employee’s death.
Terminal Illness Benefit
This benefit provides for the advance payment of 50% of sum assured (subject to a maximum limit) in case of diagnosis of Terminal Illness. The remaining 50% sum assured will be payable on death.
