Group Personal Accident Insurance

Protecting Your Team, Empowering Their Future

This policy provides for payment of a certain specified sums in the event of accident to the members of staff or employees of the insured which results in disability and/or death of the employee. The insurance covers accident that occur anywhere in the world and anytime (24 hours cover). The benefits payable under the policy are as follows;

(a) DEATH: A capital sum is payable provided death occurs within twelve months of the date of the accident to the legal personal representative of the deceased or to the insured or principal who effected insurance on the life of the deceased.
(b) PERMANENT DISABLEMENT: A capital sum is payable provided disability occurs within twelve months of the date of the accident which resulted in total paralysis or injuries resulting in being permanently bedridden and any other injury causing total or permanent disablement.
(c) MEDICAL EXPENSES Reimbursement up to the amount specified in respect of reasonable medical, surgical, hospital, Nursing home fees or charges necessarily incurred within twelve (12) months of the date of the accident. The medical expenses limit to be covered is to be selected by the insured.

The conventional market practice is for benefit under (a) and (b) to be arranged in multiples of annual salary e.g. 3 or 5 times annual salary for death and permanent disablement. The advantage of this is that the benefit is self-adjusting and current at all times as salaries get reviewed. Although a higher level of benefit can be selected by you for (a) and (b). We would need to know the total number of employees involved in their occupational split and their estimated wages/salaries.
Personal Care Super Support Guaranteed

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Contact

  • Suite E6, Luxury Block, Opposite First Bank, Garki Ultramodern Market, FCT Nigeria.
  • +234 916 262 1615
  • info@micmadinsurancebrokers.com

Brochures

View our 2020 Medical prospectus of brochure for an easy to read guide on all of the services offer.

We specialize in various business divisions such as Construction & Erection, Oil & Gas, Marine & Aviation, Industrial & Commercial, Reinsurance and Multinational Risk.

Garki Ultramodern Market, FCT Nigeria.
(Monday - Friday)
(9am - 05pm)