Falcon Insurance Group Life

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Group life insurance is provided as part of a complete employee benefit package. The cost of group coverage is considerably less than what the employees or members would pay for a similar amount of individual protection.

Group Life Insurance helps employers to protect their employee's family if an employee dies whilst in service. It is a simple way in which employers can help their employees prepare for the unexpected.

In the event of a premature death or disability, the policy pays a lump sum benefit. The policy can also provide a pension for the employee's spouse or other dependants, ensuring a flow of income.

Choice of benefits offered - lump sum or as a pension.
Ability to choose which categories of staff is covered. You can include all employees or specific categories such as those of a certain staff grade.
A simple set-up procedure with no forms or medical histories required if benefits do not exceed our generous Free Cover Limits
Advantages of Group Life plans : Death or disability by “any cause” is covered , Worldwide , 24 hours including annual leave. Members are automatically covered up to Free Cover Limit without medical questionnaires.
Benefits covered :
1. Death by any cause.
  Amount equal to sum assured is payable on death due to accident or sickness, sum Assured can be in multiples of salary (12/24/36) or a flat amount.
2. Permanent Partial Disability (Due to Accident or Sickness)
  Due to Accident or Sickness – a % of sum assured payable as per scale.
  Age limit: Accidental injury before attainment of age 65; sickness disability before age 60.

Top quality staffs are one of the most valuable assets of any commercial organization. They add value by producing new business, retaining existing customers and reducing management problems. The forward thinking employer recognizes this and develops an attractive employee package designed to retain and motivate high caliber staff. Falcon can help via the following:-

Introducing Falcon Insurance Company’s Comprehensive
Group Life Insurance and Medical Insurance Plans

MEDICAL INSURANCE PLANS FOR EMPLOYEES

Why the Employer needs to take Group medical Insurance for their staff:

Provides cashless treatment whever the employees need it.
Budget your expenses and Transfer of risk to insurer
Saving in Admin time, Cost and Personnel resources
Choice of multiple clinics, even overseas
Better Quality medical care to all employees
Increases peace of Mind for Employer and Employee
Cashless direct billing process
24/7 hour claims services.

Employee benefit Insurance schemes on Group Basis

1. Death by any cause: Amount equal to SA is payable on death due to accident or sickness. SA can be in
    multiples of salary (12/24/36) or a predefined flat amount.
2. Permanent Partial Disability (A & S): Accident & Sickness – A percentage of SA is payable. Accidental injury
    before attainment of age 65. Sickness disability before age 60
3. Permanent Total Disability. (A & S): Permanent and Total Disability arising out of Accident or sickness which
    makes renders employee unable to be gainfully employed. Max age 65 for accident; 60 for sickness.
4. Temporary Total Disability (A): 75% of monthly salary is payable for maximum 52 weeks after minimum
    waiting period of 15 days.
5. Workmen's’ compensation a. Law governing compensation for occupational injuries and illness as per
   Decree No. 40 of 1977. b. Capital Benefits due to death or Permanent Total Disability – RO 5000/- per
   person, for accidental injuries and occupational illnesses occurring in Oman and also GCC
6. Repatriation.
    a. Reimbursement of expenses following Death or Permanent Total Disability.
    b. Expenses include coffin charges, embalming charges, airline charges and airfare of an escort.