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Friday 15 June 2012

Lifetime Human insurance detail

Product Profile


Businesses today operate in a highly competitive environment and are increasingly under pressure to excel in their respective industry. Recruitment and retention of good staff is essential to business growth and a fundamental issue for most employers.

Considering this, it is vital for an organization to ensure that its employees are motivated and performing at the optimum level. No longer are annual salary and a company car the prime consideration for good quality staff. More and more, potential employees take into account the overall benefits package on offer, including Pensions, Healthcare and Life Assurance benefits.

Providing death coverage to their employees is mandatory for all employers, therefore an organization can effectively transfer its risk to Adamjee Life by obtaining our group life coverage.

The comprehensive Group Life coverage from Adamjee Life is a useful tool to attract and retain valuable human resource which is the most important asset of any organization. Our Group life assurance cover is designed to pay a lump sum benefit on the death and includes various optional riders.

The additional riders that we offer are:
Accidental Death

If the insured passes away due to accident, additional sum assured is payable. Twice the sum assured (double Indemnity) will be paid to the beneficiary incase of accidental death.
Permanent Partial Disability

Partial permanent disability provides coverage to the employees in case of disability by accident, where partial disability on a permanent basis shall be deemed to be complete and unrecoverable physical loss of use of any part of the body specified in the policy.
Terminal Illness

On diagnosis of terminal illness, 50% of the employee's insurance amount shall be paid to him and the remaining 50% would be paid on death.
Total Permanent Disability

Total permanent disability provides coverage to the employees in case of disability that would prevent the insured person from following his/her own occupation or any other occupation whish he/she is reasonably suited by education or training.
Total Temporary Disability

Total temporary disability provides coverage to the employees in case of temporary disability as a direct result of an accident that would prevent the insured person from following his/her own occupation or any other occupation to which he/she is reasonably suited for by education or training.
In case of total temporary disability, the maximum monthly benefit shall pay 75% of the regular salary up to a period of 12 months.
Critical Illness

Critical illness provides coverage against 21 dread diseases as mentioned in policy documents.


Lifetime Financial Advice: Human Capital, Asset Allocation, and Insurance

Author: Roger G. Ibbotson; Moshe A. Milevsky; Peng Chen; and Kevin X. Zhu
Publisher: Research Foundation of CFA Institute
ISBN: 0943205948
ISBN13: 9780943205946
Page: 104
Language: English
Release Date: 2007-04-06 00:00:00
Category: Business & Investing
Tags: Lifetime Financial Advice Human Capital Asset Allocation Insurance
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In determining asset allocation, individuals must consider more than the risk-return trade-off of financial assets. They must take into account human capital and mortality risk in the earlier life-cycle stages and longevity risk in the later life-cycle stages. The authors show how to integrate these factors into individual investors' asset allocations through a systematic joint analysis of the life insurance a family needs to protect human capital and how to allocate the family's financial capital. The proposed life-cycle model then addresses the transition from the accumulation to the saving phases-in particular, the role (if any) of immediate payout annuities.

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1 comment:

  1. Certainly, businesses who provide insurance benefits can attract better employees and retain existing workers. This however can cut a large portion out of the revenue so it is best for employers to shop around and compare rates and terms from various insurance providers to get the best deal.

    Regards,
    Chris from buyincomeprotection.co.za

    ReplyDelete

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