Business > Products > Employee Benefits > Group Term Life

What is it?

It is a plan which covers all your employees under one contract.

It can:

  • Serve as an employee benefit
  • Provide peace of mind to you
  • Help to attract and retain good employees

Why is this important to you?

You can plan ahead with confidence, knowing that

  • Your employees are covered in the event of Death and Total Permanent Disability, due to both natural and accidental causes
  • You save time and resources, in negotiating umbrella coverage for your employees under one contract

This is suitable if you want

  • To provide your employees with additional peace of mind
  • To show your employees that you have their welfare at heart
  • To use this group insurance as a form of employee benefit
  • To attract and retain good employees

 

This is not suitable if you want

  • A savings plan with investment returns
  • A whole life protection plan

Key coverage

  • Coverage

Options

Enhance your protection with three optional riders.

  • Group Dread Disease (GDD)
    As an optional rider to Group Term Life which the benefit is payable upon diagnosis of any one of the defined 36 Dread Diseases. This benefit pays a lump sum in addition to Group Term Life benefits.

     List of 36 Dread Diseases
    1. Alzheimer’s Disease/Irreversible Organic Degenerative Brain Disorders
    2. Angioplasty And Other Invasive Treatments For Major Coronary Artery Disease
    3. Bacterial Meningitis
    4. Benign Brain Tumor
    5. Blindness/Total Loss of Sight
    6. Brain Surgery 
    7. Cancer
    8. Chronic Aplastic Anemia
    9. Coma
    10. Coronary Artery By-Pass Surgery
    11. Deafness/Total Loss Of Hearing
    12. Encephalitis
    13. End Stage Kidney Failure
    14. End Stage Liver Failure
    15. End Stage Lung Disease
    16. Fulminant Viral Hepatitis
    17. Heart Attack
    18. Heart Valve Surgery
    19. HIV Due To Blood Transfusion
    20. Loss Of Speech
    21. Major Burns
    22. Major Head Trauma
    23. Major Organ/ Bone Marrow Transplant
    24. Medullary Cystic Disease
    25. Motor Neuron Disease
    26. Multiple Sclerosis
    27. Muscular Dystrophy
    28. Other Serious Coronary Artery Disease
    29. Paralysis/Paraplegia
    30. Parkinson’s Disease
    31. Primary Pulmonary Arterial Hypertension
    32. Severe Cardiomyopathy
    33. Stroke
    34. Surgery To Aorta
    35. Systemic Lupus Erythematosus With Lupus Nephritis
    36. Terminal Illness

 

  • Group Hospitalization & Surgical (GHS)
    Extends Medical Coverage for hospitalization & surgical procedures in the event of illness or injury. It provides reimbursement of medical expenses in the event of hospitalization due to 
    illness or accident. There are two types of GHS policies, namely, GHS inner limits and GHS ‘as charged’ plans.

 

  • Group Personal Accident (GPA)
    As an optional rider to the Group Term Life it provides protection based on the Schedule of Indemnities for loss of life and or parts of the body due to accident.
This brief summary is not a policy document. Please read the actual policy documents for important details on coverage, exclusions, limits, conditions and terms.

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Important information

This plan is underwritten by Tokio Marine Life Insurance Malaysia Bhd. All benefits and features herein are subject to terms and conditions of the policy. It is in your best interest to refer to the Policy Contract for the precise terms and conditions of this insurance plan. The information shown here is for reference only and is accurate as at 21 August 2014.

Buying life insurance is a long term commitment. If you surrender the policy in the early years, the amount you get back may be less than amount that you can afford.

Note: You should satisfy yourself that this policy will best serve your needs. You should read and understand the insurance policy, and at all times, feel free to contact us for more information.

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