|
The guarantee of lump sum benefits tailored to family size.
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 |
2 |
4 |
| Married |
3 |
6 |
|
Married - 1 child*
|
3.5 |
7 |
|
Married - 2 children*
|
4 |
8 |
| Married - 3 children* or more |
5 |
10 |
| * under age 21. |
|
|
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 |
0.90 % |
| 35 years < age < 40 years |
1.20 % |
| 40 years < age < 45 years |
1.50 % |
| 45 years < age <
60 years |
1.80 % |
|
