| PERSONAL ACCIDENT INSURANCE |
| 1) |
What is Personal Accident (P/A) Insurance? |
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This is a cover, which provides compensation to the insured person for death or disablement due to an accident. |
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| 2) |
Can I take P/A cover? |
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Yes. If you are a permanent citizen of Sri Lanka and are between 18 - 60 years of age. |
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| 3) |
What is the maximum cover I can be entitled to? |
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This is based on your income. The maximum limit is 60 times your monthly income. |
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| 4) |
Is it a worldwide cover? |
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Yes. This can be extended to be applied during occasional foreign travel, anywhere in the world. |
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| 5) |
Can I take a policy on behalf of somebody else? |
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Yes, as long as you should have a valid legal relationship to the beneficiary. (E.g. - husband/wife, father/son, employee/employer) |
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| 6) |
Does it cover Medical Expenses? |
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No. |
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| 7) |
What are the risks covered? |
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Death |
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Permanent Disablement |
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a) Permanent Total Disablement |
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b) Permanent Partial Disablement |
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| 8) |
What additional covers can I obtain? |
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Temporary Total Disablement, Temporary Partial Disablement, Riot and Strike, Terrorism and/or Motor Cycling covers can be obtained - at an additional cost. |
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| WORKMEN'S COMPENSATION |
| 1) |
What is Workmen's Compensation Insurance? |
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It provides indemnity to employers in respect to their liability to employees under the Workmen's Compensation Law(s) or under Common Law as a result of accidents or occupational diseases arising out of and in the course of employment, which cause death, injuries and suffering to employees. |
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| 2) |
Can I cover anybody working under me? |
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Yes. If you have legal liability to them, as an employer. |
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| 3) |
What is the claims settlement procedure? |
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Depending on the wage bracket there is a table of benefits (as provided by the Commissioner of Workmen's Compensation.) |
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| 4) |
What additional covers can I obtain? |
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Inclusion of first 3 days of Disablement, Riot and Strike, Terrorism, Travelling to and from the Office - at an additional cost. |
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| BURGLARY INSURANCE |
| For Business Premises |
| 1) |
What risks does Burglary Insurance cover? |
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It covers loss and damage by theft accompanied by forcible and violent entry or exit of Business Premises. |
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| 2) |
What can be covered under this? |
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Stock in trade and Work in progress, Machinery, Accessories, Utensils and Tools of Trade, Office Furniture, Fixtures and Fittings etc. |
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| 3) |
How do I arrive at the Sum Insured? |
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•You can insure on Full Value Basis or |
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•On 1st Loss Value Basis |
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i.e You can declare the total value and insure Maximum Probable Loss as a percentage of the Total Value. But the minimum Sum Insured should not be less than Rs. 500,000/-. |
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Please contact AVIVA NDB Insurance for further details |
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General