Comprehensive Group Accident Insurance Plan
Comprehensive Group Accident Insurance Plan pays the designated beneficiaries a cash benefit in the event that the insured employee or member dies due to accident. However, if the insured employee or member is alive after the accident, but suffers bodily losses, a benefit will be paid amounting to the type of physical loss.
Pays weekly indemnity benefit to individuals who suffer from disability caused by accidents that totally prevents one from engaging in his occupation for a week or more. Thus, it is payable for a period not more than 52 weeks and shall end upon the insured’s recovery from disability, or upon death.
Reimburses the actual medical and surgical expenses incurred by the insured due to accidental injury, subject to a maximum amount.
With Comprehensive Group Accident Insurance Plan (CGAIP), it can provide a 24-hour coverage with no geographical limitations and can be renewed every year.