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Benefits of Employee Protection Insurance

  • The policy extends covers to employee’s family members and insures loss of income due to subscriber’s illness or accident.
  • A special saving feature of the employee protection insurance enables employees to grow personal funds for future use that are accessible after 3 years from subscription.
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  • Employee Protection Insurance

This insurance is designed for employees and it can be taken either individually or in groups. The policy extends covers to employee’s family members and insures loss of income due to subscriber’s illness or accident. A special saving feature of the employee protection insurance enables employees to grow personal funds for future use that are accessible after 3 years from subscription.

Employee Option 1:

Monthly Premium 25,000 Frw (+) Risk: 9,410 Frw
Savings: 15,590 Frw (+)
@500,000 FRW minimum
estimated salary

Covered PAYOUT
Employee Death 15 Salaries
Total Permanent Disability [Rate >=70%] 15 Salaries
Partial Permanent Disability 15 Salaries x Disability %
Loss Of Income 15 Salaries x 75%
Spouse or Child Death 1,000,000 Frw

Employee Option 2:

Monthly Premium 15,000 Frw (+) Risk: 5,000 Frw
Savings: 10,000 Frw (+)
@300,000 FRW minimum
estimated salary

Covered PAYOUT
Employee Death 5 Salaries
Total Permanent Disability [Rate >=70%] 5 Salaries
Partial Permanent Disability 5 Salaries x Disability %
Loss Of Income 5 Salaries x 75%
Spouse or Child Death 500,000 Frw
  • Product Features

This product has special features that enable clients to do savings and include parents in the policy:

  • Single employees can replace family dependents with parents aged less than 65 years old.
  • Married employees have also the option to add parents and parents in law by paying extra premium of 2,500 FRW monthly.
  • Other Product Features:

  • Interest on savings: Annual interest is generated on savings deposited
  • Waiting period: There is no waiting period in case of accident but 2 months for other cases.
  • Partial Surrender on savings: Allowed after 3 years
  • Total Surrender on savings: Allowed after 3 years

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