Group insurance is an insurance
contract which covers a group of lives. It follows certain standards to issue
policies to a similar group of people. A large number of people are covered
under a single policy in a Group Insurance scheme. Group Insurances are taken
by the organizations for their employees. Akij Group & Health insurance
offers multiple facilities to a standard group of people. Our Group Insurance
confirms financial security to the families in the event of illness, accident,
death or disability We can customize the product as per the necessity and
demand of our valued customers. The employers can take either uniformed
coverage or varied coverage for their employees. Age limit to avail this
insurance is from 18 till 64. Along with Group insurance as supplementary
benefits the employers can take Group Health insurance, Accidental Death Benefit, Permanent and Total Disability Benefit, Permanent Partial Disability Benefit and Critical Illness for their employees also.
Group Life Benefit:
If an Insured expires then,
subject to the provisions of the Contract, Akij Takaful shall pay to the
Policyholder the Sum Assured relating to Death Benefits in respect of the said
Insured.
Group Health Benefit:
The Group
Health Insurance Plan is designed to provide a comprehensive coverage of
medical treatment expenses of an insured due to illness or injury sustained
during the period of coverage.
Our Group
Health insurance offers both in-patient, out-patient hospital benefits and
Maternity benefit also. Maternity Benefits is only applicable for married
female employee/spouse up to the age of 45 years. This benefit is payable once
for any one pregnancy during a year. Pregnancy shall include childbirth,
miscarriage, or legal abortion, including any and all complications arising
there from in connection with any one pregnancy.
Accidental Death Benefits (ADB):
If an Insured expires from an Accidental
Death, then, subject to the provisions of the Contract, Akij Takaful shall pay
to the Policyholder the Sum Assured relating to Accidental Death Benefits in
respect of the said Insured.
Permanent and Total Disability (PTD):
PTD provides the Sum Assumed if
the insured employee becomes totally and permanently disabled resulting from a
bodily injury caused by an accident which prevents the insured member to engage
in any business or job. This disability must be continued uninterruptedly at
least for six months and the disability must be certified as incurable by a
physician approved by the company.
Permanent Partial Disability (PPD):
In case of a PPD caused to an
Insured directly by an Accident then, subject to the provisions the Contract,
the Sum Assured relating to PPD Benefits shall be disbursed by AKIJ TAKAFUL to
the Policyholder in accordance with the list of PPD Benefits.
Critical Illness:
Our Critical Illness Insurance provides insurance coverage in case of below mentioned 18 diseases:
1. Cancer:
2. Heart Attack (Myocardial Infarction)
3. Stroke:
4. Coronary Artery (Bypass) Surgery:
5. Kidney Failure (End Stage Renal Disease):
6. Major Organ Transplantation:
7. Paralysis:
8. Multiple Sclerosis:
9. Blindness/ Loss of Sight:
10. Heart Valve Replacement:
11. Surgery of Aorta:
12. Aplastic Anemia:
13. Benign Brain Tumor:
14. Chronic Lung Disease/End Stage Lung Disease
15. Deafness/Loss of Hearing:
16. Major Head Trauma:
17. Loss of Limbs:
18. Loss of Speech.