Permanent Total Disability (PTD)
This coverage provides payment if the insured employee becomes totally and permanently disabled resulting from a bodily injury or disease that entirely prevents the employee from performing any occupation for remuneration or profit.
· Payment is made in sixty equal installments
· Observation period is 12 months
· Amount of insurance applicable is equal to the amount of the basic group life insurance
Permanent Partial Disability (PPD)
This coverage provides a payment to the insured employee in the event of a complete and irrecoverable physical loss or loss of use of specific body parts resulting from a bodily injury or disease according to the schedule of benefit in percent (%) under PPD.
Schedule of Benefit under Permanent Partial Disability
|
Percentage of Individual Life Insurance Amount
|
For loss of arm between shoulder & wrist
|
50%
|
For total loss of hand below wrist
|
50%
|
For total loss of leg at hip
|
50%
|
For total loss of leg between knee and hip
|
50%
|
For total loss of one eye
|
50%
|
For deafness of both ears
|
50%
|
For total loss of four fingers and thumb
|
40%
|
For total loss of four fingers
|
35%
|
For total loss of leg below knee
|
35%
|
For total loss of whole thumb
|
25%
|
For total loss of all toes
|
15%
|
For deafness of one ear
|
15%
|
For total loss of whole index finger
|
10%
|
For total loss of whole middle finger
|
06%
|
For total loss of whole ring finger
|
05%
|
For loss of great toe
|
05%
|
For total loss of whole little finger
|
04%
|
For loss of other than great, if more than one toe, each
|
01%
|
