The objective of this plan is to insure the obligations of the employer in the unlikely event of an employee's death.
Most conditions of employment as well as tradition require and impose financial obligations on the employer in the event of an employee's death. This includes provision of coffin, donation to family, transport arrangement and refreshment for other staff members. This obligation can be insured under the Group Funeral Plan.
BENEFITS
The plan provides for the payment of funeral and related expenses on behalf of the employer in the event of an employee's death.
The benefits can be extended to cover parents, spouses and children.
Benefits levels shall be objectively determined to reflect the expected financial obligation of the employer.
PREMIUMS
Premiums are relatively low and depend on the average age of the group and number of employees to be covered.
UNDERWRITING REQUIREMENT
Medical examinations shall not be required.
RIDERS:
These are top ups that one can take in addition to the main policy one of which is the Personal Accident.
Personal accident:
Personal Accident has three main components. These are
- Permanent Disability Cover: This seeks to provide the payment of a lump sum in the event of a covered member being permanently disabled as a result of an accident. The extent of the incapacitation is determined by a medical doctor and thus the payment is made on a pre-determined agreed scale of incapacitation.
- Temporary Disability Cover: This also seeks to provide the payment of a weekly benefit up to a maximum of 52 weeks as a result of temporary disablement resulting from an accident. The maximum weekly benefit payable is the actual income of the person before the incapacitation.
- Medical Expenses Cover: This provides cover for medical expenses arising out of an accident up to a maximum pre-determined figure.
Get Covered
Risk & Insurance Products
Health Insurance
Health insurance is a type of insurance coverage that covers the cost of an insured individual's medical and surgical expenses.
Life Insurance
Life insurance or life assurance is a contract between the policy owner and the insurer, where the insurer agrees to pay a designated beneficiary an agreed sum of money upon the occurrence of the insured person's or persons death in return for the payment of a premium.
Prudential Group Life Insurance
Group Life Insurance assures employees that in the unlikely event of death, disability or critical illness, a multiple of their annual salary will be provided to their beneficiaries as a replacement income.
Travel Insurance
This policy provides financial relief to International travelers for medical expenses and hospitalization abroad, delayed departure, location and forwarding of baggage and personal effects,
Contractor's All Risk Insurance
This policy promises to indemnify the insured in respect of loss, damage or destruction of any of the contract works both temporary and permanent while in the cause of construction or whilst on the contract site etc
Bankers Indemnity Insurance
The policy indemnifies the insured for all losses sustained and discovered in the manner described here below within the period of insurance.
Directors & Officers Liability Insurance
Bad business decisions by directors and mangers are likely to attrac the increased attention of shareholders and other third parties who are looking to recover losses.
Group Funeral
The objective of this plan is to insure the obligations of the employer in the unlikely event of an employee's death.
Enterprise Living Plus Plan
The Enterprise Living Plus Plan is a “one-stop life insurance solution product” specifically designed to meet both the death and survival needs of the middle-class market.
Personal Insurances
Whether for your house, contents, vehicles or personal properties, WESTOM Insurance Brokers can help you to create bespoke solutions for your personal insurance need
There will be no need of insurance if we are living in a perfect world. Our cars,businesses, properties and homes will remain undamaged
