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What
did you do last time when an employee passed away or suffered
from total and permanent disability?
This
is a difficult question, and as a good employer, you probably
know that what you did was just not enough! Dai-ichi Vietnam can help you to deal adequately with such a sensitive
situation.
 Dai-ichi Vietnam is bringing appropriate international standard products
to Vietnam and we have recently launched our new Group
Life Insurance policy.
In this
introduction, we'd like to take a few moments to share with
you what Group Life Insurance is, and what it offers for you
as an employer.
 Why
Consider Group Life Insurance?
In major international markets it is common to provide insurance
coverage to employees as part of their employee benefits.
Group Insurance is now fast becoming an essential component
of a good employee benefit package across South East Asia.
It is the logical next step in Vietnam because it allows employers
to enhance the security of their employee benefit package
for their employees, at a moderate cost and undoubtedly increases
the employee/ employer relationship and loyalty.
Our
team of professionally trained consultants are available to
give you and your company quality advice in this important
area of employee benefits.
What
are the benefits?
Basic
Benefits:
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All
risks death benefit: equal to the Group Life sum
insured payable in case of death during the term of
the policy.
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Terminal
illness: payable as an advance of 50% of the insured's
death benefit up to a maximum of 200,000,000 VND when
terminal illness is confirmed by an approved doctor.
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| Extra Benefits: |
| 1. |
Accidental
Death and Disability Insurance (24 hours a day, anywhere
in the world): |
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Payment
of the Accidental Death and Disability sum insured in
case of death by accident.
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Partial
payment of the Accidental Death and Disability sum insured
on the permanent partial disability of the member.
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| 2. |
Accidental
Death Insurance (24 hours a day, anywhere in the
world): payment of the accidental death sum insured
in case of death by accident.
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| 3. |
Total
and Permanent Disability Insurance (due to accident
or illness): acceleration of the Group Life sum insured
up to the specified Total and Permanent Disability sum
insured, in case of total and permanent disability of
the life insured.
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Benefit
Design: highly flexible but there needs to
be a defined formula approach to eligibility and benefits
in order for automatic acceptance to apply.
Does
it cost much?
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Premium
is assessed on a group basis and can vary each
year.
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Actual
group premium depends on the age and occupation/gender
mix of the employees to be covered, and the level
benefits to be provided.
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An
attractive package often costs 1 - 2% of
a company's total payroll.
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| Ease
of Acceptance? |
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Automatic
acceptance of cover for eligible employees up
to a certain limit without the usual health evidence.
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Regular
admission of new members and deletion of departing
employees at pro rata premiums.
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For further information, please send us email via
customer.services@dai-ichi-life.com.vn,
our Financial Consultant will contact you to make an appointment.
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