Product Features

Who should take this policy?

Any group of minimum 5 individuals within 18 to 60 years old should take this policy to ensure the peace of mind for workers from companies, factories, workshops and associations and their families’ future.

Things that are covered

The following risks of the workers are covered during the policy term under this policy.

1. 1. Death
2. 2. Injuries

Exclusion Clauses

• 1. Suicide
• 2. Drug Use
• 3. Death and Total permanent disability of an employee in the insured list after the date of resignation or termination
• 4. Death and Total permanent disability due to the criminal commitment
• 5. Death and Total permanent disability due to getting into the situation where the insured injures himself (such as fighting)

Who can purchase this insurance?

The proposer (who will become the policy holder) can purchase this insurance for-

1. 1. the lives of employees, staffs, and members themselves (More than 5 people can apply here and the insured and policyholder are the same)
2. 2. the lives of employees, staffs, and members by companies, factories, workshops and organizations.

Benefits

1. Death

If any of the employees on the list of insured is dead for any reason during the policy term, the beneficiary is entitled to claim the full sum insured through the employer.

Injury

If any of the employees on the insured list is injured during the policy term, the benefits will be entitled due to the table rates. Suitable benefit will be paid according to the doctor's recommendation for injuries that are not listed on the chart.

Total and Permanent Disability

If any of the employees on the list of insured is permanently disabled and being unable to work at all due to the injury during the policy term, the beneficiary is entitled to claim the full sum insured.

Endorsements

If the policyholder would like to make changes the following instances within the policy term, please inform KBZ LIFE Offices or KBZ LIFE agents for the endorsement. For instance-

• - Beneficiary endorsement
• - Substitution of the resigned/terminated employee (can be substituted within 1 year)

How to purchase this insurance?

If you would like to purchase this Group Life Insurance, you can either contact the KBZ LIFE employee or KBZ LIFE Insurance Agent or online and the following procedures are required.

• (1) Fill proposal
• (2) Inspecting the employee’s documents
• (3) Inspecting the medical evidences
• (4) Premium payment
• (5) Issuance of the protocol (receipt) / policy agreement as acceptance of the request

Our KBZ LIFE and KBZ LIFE’s representatives are ready to provide service if you need to purchase the insurance. You can contact KBZ LIFE and representatives. The representative will follow through until the insurance is completed.

How to claim for the compensation?

If you ever encounter any unfortunate events, address your concerns to us.

• • If any of the group life insured employees has died or injured, notify us immediately. The KBZ LIFE Office or KBZ LIFE representative or KBZ LIFE staff will assist you with any issues that may require compensation.
• • Send us required medical evidences

KBZ LIFE will provide assistance to expedite claims.