BASIC DISABILITY POLICY

Coverage

The basic disability policy provides :

  • a replacement income,
  • financial compensation.

1- Replacement income

In the event of temporary disability due to illness or accident, the insured person is entitled to 60 percent* of his declared salary (up to US $ 100'000 per year) for a maximum of 36 full months after the 90-day wainting period.

* after deduction of all other income or compensation and up to insured person’s 60th birthday at the latest.

2- Financial compensation

In case of permanent disability of more than 10 percent (in the event of an accident) or 30 percent (in the event of illness), the insured person is entitled to benefits, calculated as follows :

Financial compensation = (annual salary) x (degree of disability) x ( c )

(c) varies with marital status and number of dependents, and the cause of disability (illness or accident)

  Health Accident
Single, Married 1.5 2
Married with 1 dependent child 2 3
Married with 2 dependent children 2 2
Married with 3 dependent children 2 3

Rates

In percent of salary, and according to the average age of people to insure.

Average Age of group " t " : percent of salary
< 40 years and normal risk 0.80 %
> 40 years and aggravated risk 0.92 %