Like all well run companies, yours will rely on your people to succeed. It's therefore crucial to offer the best benefits package you can, to attract talented people and to retain a motivated workforce. It’s also worth remembering that many employees today see these benefits as a key consideration when assessing the employment market.
The key to the success of any business lies in the strength of its people. Your employees' well-being and job satisfaction is vital to the growth and prosperity of the organization. Recent surveys indicate that employee benefits are increasingly becoming the criteria that employees value most when looking for a job.
If you are looking for a customized solution, we can offer a host of benefits that you can pick and choose from, to create a plan to suit your unique requirements. We also offer Pre-packaged Plans for small to medium size employers.
Basic Life Cover (Death due to any cause) :
This provides a lump-sum payment in the event of death due to any cause of any employee anywhere in the world, including :
Extension of Death Benefits:
If an employee becomes totally disable due to an accident or disease and is prevented from engaging in any business or occupation for remuneration or profit and he dies within the next twelve months, this benefit pays a lump-sum death benefit equal to the amount of his Life Insurance.
If an employee becomes terminally ill and his life expectancy is diagnosed to be twelve months or less, this benefit pays an advance of fifty percent of his Life Insurance amount up to a maximum of Rs. 1,000,000.
We offer 3 types of Basic Life Cover plans:
A. Multiples of Salary Plan - In this plan, the benefits are determined by a multiple of the employee’s earnings - be it 12 / 24 / 36 or even 48 or more multiples of monthly gross or basic.
B. Flat Amount Plan - The amount of insurance is identical for all eligible employees.
C. Class Plan - In a “class schedule”, the amount of insurance varies according to the occupation or salary level classification.
You can attach one or more of the following riders or supplementary contracts to the Basic Group Life cover:
Accidental Death (AD) Benefit : This rider usually provides a double indemnity in the event of death due to an accident. Coverage is usually equivalent to the life cover.
Permanent Partial Disability (PPD) : This benefit becomes payable if an employee becomes partially disabled, on a permanent basis, as a result of Sickness or Accidental bodily Injury. A percentage of the coverage amount is paid based on the extent of disability.
Temporary Total Disability (TTD) – (Due to Accident only) : An employee sustains an injury through accidental means and due to such injury is unable to perform duties pertaining to his occupation, this benefit provides PKR 3,000 installment fortnightly for up to twelve months.
All full-time permanent employees, who have not reached their sixtieth (60th) birthday, and is actively at work in the policyholder’s offices in the country of coverage. The Age limit may be extended on case to case basis especially when coverage is renewed
Participation Requirements :
100% of all eligible employees must be enrolled.
Prompt and efficient claims processing assisted by our dedicated Relationship Executive assigned to each Employee Benefits policy.
MetLife Alico group insurance policies contain certain exclusions, reductions, limitations and terms for keeping them in force. Contact your MetLife Alico representative for more information