Group Term Life & Health Insurance
Group Term Life (GT) Insurance
Group Insurance is the most cost-effective way of providing immediate financial support to an employee & /or his family in case of catastrophic events like death, disability or disease.
Natural Death Benefit (ND):
☼ Get Equal to GT Sum Assured in case of Permanent & Total Disability.
☼ Convenient Premium Payment Options [same as base plan].
☼ Enjoy attractive discounts at our partner hospitals & clinical labs with NILIL Health Discount Card.
Accidental Death Benefit (ADB):
☼ Get double the GT Sum Assured in case of Accidental Death.
☼ Convenient Premium Payment Options [same as base plan].
☼ Enjoy attractive discounts at our partner hospitals & clinical labs with NILIL Health Discount Card.
Permanent & Total Disability (PTD) Benefit
☼ Get Equal to GT Sum Assured in case of Permanent & Total Disability.
☼ Convenient Premium Payment Options [same as base plan].
☼ Enjoy attractive discounts at our partner hospitals & clinical labs with NILIL Health Discount Card.
☼ Case Scenario:
In the interpretation of this definition the company will however, recognize as permanent and total disability the entire and irrevocable loss of:
| Sl No | Description (PTD) |
|---|---|
| 1 | Both hands above the wrist |
| 2 | One hand above the wrist and one foot above the ankle |
| 3 | Both feet above the ankle |
| 4 | One foot above the ankle & sight of one eye |
| 5 | Sight of both eyes |
| 6 | Sight of one eye and one hand above the wrist. |
Permanent & Partial Disability (PPD) Benefit
☼ Certain percentage (%) of GT Sum Assured as per schedule.
☼ Convenient Premium Payment Options [same as base plan].
☼ Enjoy attractive discounts at our partner hospitals & clinical labs with NILIL Health Discount Card.
☼ Case Scenario:
Description of Permanent and Partial Disability Percentage of the Sum Assured payable:
| Sl No | Loss of (PPD) | Percentage (%) of GT Sum Assured |
|---|---|---|
| 1 | One eye or one hand above wrist or one leg above knee | Variable |
| 2 | Lower limb below knee or one foot or lower jaw or four fingers including thumb | Variable |
| 3 | Thumb or all toes or index finger or middle finger | Variable |
| 4 | Ring finger only or little finger only or one toe other than the big toe or four toes including big toe or big toe | Variable |
Group Health (GH) Insurance
All over the world, due to rapid increase in health cost health insurance has become a necessity in the last few years. Health insurance provides immediate peace of mind and obtains security in the prime aspect of life (health). There is increasing acceptance in the society that they actually do need health insurance. The health insurance plans set out in the following will provide you stability against the present and future increasing healthcare costs.
In Patient Department (IPD)/ Hospitalization:
☼ Direct payment of treatment expense by the Company at designated hospitals.
☼ Reimbursement of expenses for treatment at non-designated hospitals.
☼ Treatment at any renowned hospital of the country by consultant of own choice.
☼ Membership Card for each insured to facilitate preferential service.
☼ Scope for inclusion of spouse & children under the Plan.
☼ Scope for Overseas Treatment.
☼ Scope to enjoy Maternity Benefit.
☼ Coverage of Pre & Post Hospitalization expenses.
Out Patient Department (OPD):
☼ Out-Patient Insurance plan is offered as an adjunct to Group Hospitalization Insurance.
☼ Insurance coverage is offered for General, Dental & Ophthalmic ailment and injury.
☼ Benefit under Out-Patient plan is offered on “per insured per year” basis.
☼ There is no scope for credit facility and treatment expenses are reimbursed to the insured.
☼ An insured may enjoy discount at designated diagnostic center which consequently increases his/her benefit.
Maternity Benefit Plan (MBP)
Maternity Benefit shall mean benefit for any condition exclusively related to pregnancy or childbirth and any complications there from. Pregnancy commencing before the member is enrolled under insurance coverage however, shall not be covered. For any one pregnancy, the payable benefit shall not exceed the maximum maternity benefit limit mentioned in the schedule, inclusive of all eligible treatment expenses related to pregnancy. Maternity benefit shall not be paid for more than one pregnancy in a contract year. Maternity benefit should be taken for all married female members of child bearing age group (18-49 years).
Salient Features
☼ Insurance coverage worldwide round the clock.
☼ Contract, initially for three years and is Renewable.
☼ Prompt claim settlement upon death of an insured.
☼ Exclusion & Inclusion of employees under coverage at any time.
☼ Commutatively low rate of premium.
☼ Option for supplementary coverage to enhance benefit.
Age Limit
Minimum age: Entry age is 18 years.
Maximum age: Entry age is less than 65 years.
Retirement/ Maturity age: Not more than 65 years.
Rate Chart : Group Term Life
| Age | Per Annum (BDT) |
|---|---|
| Below 43 | 2.61 |
| 43 | 2.63 |
| 44 | 2.66 |
| 45 | 2.84 |
| 46 | 3.03 |
| 47 | 3.24 |
| 48 | 3.51 |
| 49 | 3.82 |
| 50 | 4.18 |
| 51 | 4.58 |
| 52 | 5.04 |
| 53 | 5.57 |
| 54 | 6.16 |
| 55 | 6.81 |
| 56 | 7.54 |
| 57 | 8.36 |
| 58 | 9.28 |
| 59 | 10.33 |
| 60 | 11.58 |
| 61 | 13.01 |
| 62 | 14.64 |
| 63 | 16.52 |
| 64 | 18.65 |
| 65 | 21.08 |
Rate Chart : Group Term Life Contingencies Covered
| Sl No | Benefit Description | Benefit Level | Premium per BDT 1,000 SA |
|---|---|---|---|
| 1 | Natural Death (ND) | 100% of Basic Sum Insured | As per Group Term Life Premium Rate Table |
| 2 | Accidental Death Benefit (ADB) | 200% of Basic Sum Insured | BDT. 0.80 |
| 3 | Death Due to Injury (DDI) | 200% of Basic Sum Insured | BDT. 0.45 |
| 4 | Peramanent & Total Disability (PTD) | 100% of Basic Sum Insured | BDT. 0.95 |
| 5 | Partial Permanent Disability (PPD) | Variable % of Sum Insured | BDT. 0.40 |
| 6 | Dead Disease (DD)/ Critical Illness (CI) | As per Description | BDT. 1.75 |
Rate Chart : Group Health
(Basic Hospitalization)
| Age | Per Annum (BDT) |
|---|---|
| Below 40 | 3,733 |
| 40-44 | 4,458 |
| 45-49 | 6,575 |
| 50-54 | 10,979 |
| 55-59 | 19,130 |
| 60-64 | 26,692 |
OPD Premium: 38% of the basic Hospitalization Premium
Maternity Premium: 22.70% of the basic Hospitalization Premium
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