Because each institution cares about its employees and eager to retain qualified people in light of the spread of the competitive economy, Suez Canal Life Insurance Company is keen to present offers that suit the needs and help in making the right decision.
Through the possibility of payment of end of service benefit and death risk coverage "Allah forbid" to the employees through various benefits adapted to different working conditions and requirements.
The company presents several insurance programs to suit the needs of all employees from saving and providing safety and a decent living upon retirement, the programs are:
1. Term Assurance program (suitable for companies with high employee exit rate)
Our company is obliged to pay the sum assured that is agreed upon in the case of the death of the assurer due to any reason during the insurance period.
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Optional coverage
- Our company is obliged to pay the sum assured in the case of the insured total permanent disability terminated for service as a result of illness or accident during the insurance period and before the age of sixty.
- Our company is committed in the case of insured permanent partial disability terminated for service as a result of illness or accident during the insurance period (one year) and before the age of sixty,a percentage of the sum assured corresponding to the deficit ratio is disbursed.
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Insurance premiums:
To calculate the cost please provide us with the following data: serial number for each employee, sum assured, date of birth, job, monthly wage "in the case of choosing the sum assured number of months of wage"
You can provide us with the premium to be paid and the insurance company will determine the appropriate sum assured.
It is agreed upon on the payment method that suits the employer.
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Lapse of insurance:
In the case of the termination of service of the insured for any reason other than death cases and before the end of the insurance period there are a number of flexible choices according to each institution and its requirements.
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General guidelines for viewing:
- We will deal with all the data and information given by the customer in complete secrecy.
- The minimum age at the start of insurance 18 years and the maximum 64 years.
- Suez Canal life Insurance Company ensures that the procedures for the payment of benefits and claims are easy.
2. Endowment Assurance
Our company is committed to pay the sum assured as follows: a fixed amount of 10 000 or, 20 0000 or, .....or its reduplication or Number of months of monthly wage 10 or, 20 or,..... of monthly wage
In order to overcome the problem of inflation, "wages can be increased at a fixed rate over the duration of the contract" and in accordance with what is agreed upon in case of one of the following cases:
- Survival of the insured until the age of retirement.
- Death of the insured "Allah forbid" for any reason during the insurance period and before reaching the retirement age.
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Optional coverage
- Our company is obliged to pay the sum assured in the case of the insured total permanent disability terminated for service as a result of illness or accident during the insurance period and before the age of sixty.
- Our company is committed in the case of insured permanent partial disability terminated for service as a result of illness or accident during the insurance period (one year) and before the age of sixty,a percentage of the sum assured corresponding to the deficit ratio is disbursed.
-
Insurance premiums:
To calculate the cost please provide us with the following data: serial number for each employee, sum assured, date of birth, job, monthly wage "in the case of choosing the sum assured number of months of wage."
You can provide us with the premium to be paid and the insurance company will determine the appropriate sum assured.
It is agreed upon on the payment method that suits the employer.
-
Lapse of insurance:
In the case of the termination of service of the insurer for any reason other than death cases and before the retirement age there are a number of flexible choices according to each institution and its requirements.
In the case of termination of service of the insured for any reason other than death cases and before retirement age there are a number of flexible choices according to each facility and its needs.
-
General guidelines for viewing:
- We will deal with all the data and information given by the customer in complete secrecy.
- The minimum age at the start of insurance 18 years and the maximum 64 years.
- Suez Canal lifeInsurance Company ensures that the procedures for the payment of benefits and claims are easy.