Product Features

Who should take this policy?

Any individual within (16) to (65) years can take this policy.

Things that are assured

The following accidental risks are covered for the insured under this policy during the policy term.

• Death
• Total Permanent Disability
• Injuries and loss of limbs
• Hospitalization
• Being unable to work

Exclusion Clauses

• Injuries, total permanent disability, and death due to self-inflicted injuries
• Injuries, total permanent disability, and death due to drug use or drug abuse
• Death and total permanent disability due to diseases
• Injuries, total permanent disability, and death due to wars (whether declared or not), war risks, civil wars, rebellions, riots, military or civil commotion, strikes, revolutions, military coup, seizure of power by military, civil unrest, other reasons that lead to these causes or their consequences
• Injuries, total permanent disability, and death due to the criminal commitment
• Injuries, total permanent disability, and death due to others, others’ effort or related to them

Who can purchase this insurance?

The Policyholder

(A) As long as the proposer (who will become the policyholder) has the insurable interest with the insured and the mutual agreement between them, the insured can be any of the following individuals:

• Our lives (the insured and the policyholder here is the same)
• Wife or husband’s life
• Children’s lives
• Insurable interest (For example- companies, factories, workshops and organizations can propose this policy for their employees, staffs and members)

Remark : The employer can purchase Group Personal Accident Insurance for their employees collectively.

Benefits

Death

In case of death during the policy term, the beneficiary is entitled to claim the full sum insured.

Injury

In case of injury 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

In case of total permanent disability and being unable to work at all during the policy term, the beneficiary is entitled to claim the full sum insured.

Hospitalization

In case of hospitalization due to the accident, 3% of the sum insured will be entitled per week as benefit not more than 15% of the sum insured.

Being unable to work

If the insured is being unable to work due to the accident, 3% of the sum insured will be entitled per week as benefit not more than 15% of the 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 for Group Personal Accident policies (can be substituted within 1 year)

How to purchase this insurance?

If you would like to purchase this Personal Accident 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 Personal accident 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.