Group Insurance:

A variety of benefits are available through Sunlife’s group death and disability insurance, which can be tailored to fit the needs of different company structures. In the event of a death or a partial or complete permanent incapacity, the coverage pays beneficiaries. The following methods can be used to determine insurance coverage:

Flat coverage: each employee receives the same amount of coverage.

Coverage of earnings base (multiple of gross wage or monthly basic income)

Coverage of positions (based on employee designations)

Life coverage:

Group Life Insurance coverage provides settlement of Death (due to any reason; sickness or accident) claim up to the sum assured against the Insured Employee or Group Member. The payment will be paid in the event of death of a person from any cause whatsoever anywhere in the world, except-

• The Sum Assured relating to Death Benefits shall not be payable if death is caused due to suicide in the first year of insurance coverage of an Insured. HIV/AIDS related diseases is non-insurable.

Permanent Total Disability (PTD) Benefits:

If any INSURED employee becomes totally and permanently disabled from bodily injury Benefits are payable in lieu of the Life Insurance benefit.

Permanent Partial Disability (PPD) Benefits:

If any employee becomes partially disabled on a permanent basis, as a result of bodily injury, these benefits are payable in lump sum as per following schedule.  Benefits are payable in lieu of Life Insurance benefits as per the Schedule of Benefits.

Critical Illness:

In the event of a member is diagnosed to have one of the diseases mentioned below, but not until at least three months have been elapsed since the commencement of this supplementary coverage (Maximum BDT 500,000/-) shall be paid immediately.