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“Boost your employees’ PRODUCTIVITIES and LOYALTIES”


1. What is the Group Term Life Insurance?

It is a very flexible one-year renewable Group Term Life Insurance which you can opt to be

24hours-worldwide in case your employees’ has a risk to life or total and permanent disability.

2. Features of the plan

- Coverage period : 1 year and renew;
- Payment mode : Single
- Issued age : 18 to 64 years;
- Opt to cover spouse and/or kids up to 4 persons;
- Return premiums for uncovered period.

3. Benefits of the plan 

- Pay 100% of sum assured.

4. Why Group Term Life Insurance?

- Show employer’s care to not only employees but also their families;

- Become a standardized company;

- Very affordable price.

Illustrated Example:

Camroth Company of 20 insured members of an organization:

- Age (s) : [18-64]
- SA amount : 10,000 USD
- Coverage period : 1 year
- Type of coverage : Death by illness & accident
- Insurance premium payment : Single premium per person: 31.8 USD

Graph illustration

Assumption:

With the Group Term Life Insurance of Camlife:

-   If the assured member passes away during coverage period, the Company will pay death benefit of 10,000 USD to beneficiary;

-   If a member quits protection after 90 days from effective date, the Company shall return uncovered period premium based on pro-rate =(31.8/365 x 275) = 23.96 USD

(premium per day x numbers of uncovered day).

 

 

This is just an illustrated example, not a contract.