|
The guarantee of lump sum benefits tailored
to family size. This insurance ceases upon the attainment of age 60.
Benefits are calculated by multiplying the annual insured salary by a
coefficient linked to the family status and cause of death.
| |
Natural Death
|
Accidental Death
|
|
Single
|
1 |
2 |
|
Married
|
2 |
3 |
|
Married with child(ren)*
* under age 21
|
3 |
5 |
The only exclusion :
Is the insured’s death in the course of or arising
out of his active participation in war or warlike operations.
You can determine the rate using the formula below :
Annual cost = (annual salary) x t
t is a coefficient that varies with age bracket.
| Average age of group |
" t " : percent
of salary |
| Age < 35 years |
0.55 % |
| 35 years < age < 40 years |
0.75 % |
| 40 years < age < 45 years |
0.95 % |
| 45 years < age <
60 years |
1.15 % |
|
