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Blue Cross of Jamaica Limited is pleased to introduce the Group Life Insurance Plan to our clients and prospective clients.
Group Life Insurance is an insurance plan which provides life insurance coverage to a number of persons, under one contract called a Master Policy. The contract is between the Insurance Company and the Employer, otherwise called the Policyholder. In the event of the death of an eligible employee covered under the plan, the Insurance Company will pay the named beneficiary/beneficiaries or trustee the proceeds of the policy subject to the agreed provisions and conditions.
This Plan is being offered to all eligible groups of five (5) or more employees. In order for groups to be eligible, they must satisfy the following:
Individuals in the group, up to age 65 years, are covered without proof of insurability, (that is, without medical evidence of good health), up to the “no evidence limit”. Above this limit and after age 65 years, proof of insurability will be required.
The Accidental Death and Dismemberment (AD&D) benefit may be added as a Rider. This benefit covers losses resulting from accidents and the proceeds paid are determined by the Schedule in the Policy. Losses mean, loss of life or the dismemberment of a part of the body. The AD&D benefit is optional and requires an additional premium.
This Plan provides peace of mind to both employee and employer through the provision of a lump sum cash payment to assist with expenses for funeral, estate settlement and financial support for dependents, if applicable. Additionally, the employer is assured that if an employee is covered under the AD&D benefit, he/she will receive the specific amount payable under the plan.
*Conditions Apply
