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.