Group Accident, Death, Disablement & Dismemberment Insurance

Pro_GADDDI

“The protector of your life against unexpected events”

BENEFITS OPTION 1 OPTION 2 OPTION 3 OPTION 4
Accidental Death Php 50,000 Php 100,000 Php 200,000 Php 300,000
Murder or Unprovoked Assault Php 25,500 Php 50,000 Php 100,000 Php 150,000
Cash Burial Due to Accident Death Php 7,500 Php 15,000 Php 30,000 Php 45,000
Daily hospital confinement benefit due to accident;
Maximum of 30 days
Php 50/day Php 100/day Php 200/day Php 300/day
Death due to natural causes such as sickness Php 12,500 Php 25,000 Php 50,000 Php 75,000
Indemnity from loss of income
Total Disability
5.00/1,000 of insurance for 1 week for the current year
Indemnity from loss of income
Partial Disability
1.25/1,000 of insurance for 1 week for the current year
ANNUAL PREMIUM Php 230 Php 460 Php 920 Php 1,370

 

GROUP ELIGIBILITY REQUIREMENTS

  • Registered entity with the Government
  • The organization must have been operating for the last 1 year
  • Minimum of 25 persons
  • Group average of 44 years old
  • Group must choose only 1 option.

 

INDIVIDUAL ELIGIBILITY REQUIREMENTS

  • Must be an active member of the group
  • 18 to 69 years old
  • Not mentally incompetent nor physically impaired
  • Able to do the usual daily activities of livelihood and not suffering from any mental or physical disability. Not suffering from any critical or terminal illnesses of life threatening diseases.

INSURANCE PROVISIONS

  • 1 year contestability period.
  • Life insurance ends on the 70th birthday
  • ADD: Coverage ends on 65th birthday
  • Death by self-destruction or suicide not compensable within 1 year from effectivity date of insurance.