INSURANCE OF THE PERSON

Workmen's Compensation Insurance:

By virtue of the Workman's Compensation Decree No. 17 of 1987, every employer of labour is required to provide the following benefits for injury to employees and for disease sustained and arising from their employment.  The scales of compensation as recommended by the above Decree are as follows:

Death:                                      42 months salary as compensation

Permanent Disablement:            54 months earnings

Temporary total disablement:     Payment for 24 months on the basis of full salary for 6 months, half salary for next 3 months and quarter salary for remaining 15 months.

Medical Expenses:                    Unlimited

Burial/Funeral/Transport Expenses: Reasonable expenditure.

GROUP PERSONAL ACCIDENT INSURANCE:

This provides benefits to employees in the event of their sustaining any injury, which may result in death or permanent disability.  Cover operates on 24-hours basis irrespective of whether or not the injury was sustained at work.  The injury or death must however result from an accident and not from natural cause(s).  Benefits, usually in multiple of annual salaries, are paid in the event of death or permanent disability, weekly benefits up to 104 weeks and medical expenses incurred on any employee as a result of an accident (up to an agreed limit stated in the policy) is payable.