GROUP INSURANCE SCHEMES Sample Clauses

GROUP INSURANCE SCHEMES. Group insurance schemes apply from commencement of employment and expire when the group member leaves his/her position, but no later than when the member reaches the age of 70. Cover will be maintained during approved absence. Death benefit DKK 150,000 Certain critical illnesses If, during the policy period and before reaching the age of 70, an employee contracts a critical illness as stated in the special insurance terms and conditions, an insurance amount of DKK 200,000 will be paid. Critical illness means: – Cancer – Coronary thrombosis – Bypass operation or angioplasty – Cardiac valve surgery – Cerebral haemorrhage or cerebral blood clot – Saccular cerebral aneurysm or intracranial arteriovenous malformation (AV malformation) as well as cavernous angioma of the brain – Certain benign brain and spinal cord tumours – Disseminated schlerosis – Motor neuron diseases (MND) – Certain muscle and nerve diseases – HIV infection as a result of blood transfusion or work-related infection – AIDS – Chronic renal failure – Major organ transplantations – Xxxxxxxxx’x disease – Blindness – Deafness – Aortic disease – Consequences of encephalitis or cerebrospinal meningitis – Consequences of Borrelia infection or Tick Borne Encephalitis (TBE) – Major xxxxx, frostbites or caustic xxxxx – Implantation of an ICD unit as secondary prophylaxis – Chronic heart failure with implantation of an ICD/CRT unit or durable mechanical heart pump, e.g. Heartmate. In case of death within three months of the insurance sum payable in the event of critical illness having become payable, such sum will be set off against the death benefit. Cover of certain critical illnesses in children
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GROUP INSURANCE SCHEMES. The group insurance schemes shall provide coverage from commencement of employment. During approved absence, the coverage shall remain in force. The scheme shall cover former employees who are unemployed, for up to 12 months from the cessation of employment, and employees on leave without pay and pension for up to 12 months, cf. the specific rules of the collective agreement. Sums at death (including agreed indexation as per 1 January 2017) DKK Age under 60: 1,005,00. Age 60 to 74: DKK 502,500. Age 74: DKK 0. The sum at death shall be adjusted annually as per 1 January in accordance with the applicable maximum of Forenede Gruppeliv (FG).
Sample 1
GROUP INSURANCE SCHEMES. Group insurance schemes apply from commencement of employment and expire when the group member leaves his/her position, but no later than when the member reaches the age of 70. Cover will be maintained during approved absence. Death benefit DKK 200,000 Certain critical illnesses If an employee suffers critical illness during the insurance period, as stated in the special insurance terms, an insurance sum of DKK 200,000 is paid out. Critical illness refers to: – Cancer – Coronary thrombosis – Bypass operation or coronary angioplasty – Cardiac valve surgery – Brain haemorrhage or cerebral thrombosis – Sintracranial sacculated aneurysm or arteriovenous malformation (AVM), as well as cavernous an- gioma in the brain – Certain benign tumours of the brain and spinal cord – Multiple sclerosis – Motor neurone disease (MND) – Certain muscular diseases and nervous disorders – HIV infection as a result of blood transfusion or occupational infection – Aids – Chronic renal failure – Major organ transplants – Xxxxxxxxx’x disease – Blindness – Deafness – Aorta disease (coronary artery disease) – After-effects of encephalitis or cerebral meningitis – Implications of borreliosis infection or Tick Borne Encephalitis (TBE) – Major xxxxx, frostbites or corrosive xxxxx – Implant of ICD device (pacemaker) as secondary prophylaxis – Chronic heart failure with implantation of ICD/CRT device or long-lasting mechanical heart pump, e.g. Heartmate. If death occurs within 3 months after the sum insured for critical illness falls due, this is set off against the sum payable on death. Cover of certain critical illnesses in children The employees’ children are covered from birth and until they reach the age of 18. ”Children” means the employee’s biological children and adoptive children as well as the biological children and adoptive children of the employee’s spouse/cohabitant. The sum insured is DKK 50,000. Special insurance terms apply to children. The sum insured is paid to the employee if the employee’s child is diagnosed with one of the illnesses listed in the insurance conditions, provided the conditions are met. The insurance covers the below diseases which must be diagnosed while the insurance is in effect. Covered diseases – Cancer – Surgery-requiring heart disease – Brain haemorrhage or cerebral thrombosis – Sintracranial sacculated aneurysm or arteriovenous malformation (AVM), as well as cavernous an- gioma in the brain – Certain benign tumours of the brain and spinal cord – ...
Sample 1
GROUP INSURANCE SCHEMES. Group insurance schemes apply from commencement of employment and expire when the group member leaves his/her position, but no later than when the member reaches the age of 70. Cover will be maintained during approved absence. Death benefit Below 70 years of age DKK 150,000 70 years of age DKK 0 Certain critical illnesses If, during the policy period and before reaching the age of 70, an employee contracts a critical illness as stated in the special insurance terms and conditions, an insurance amount of DKK 200,000 will be paid.- Critical illness means: – Cancer – Coronary thrombosis – Bypass operation or coronary angioplasty – Cardiac valve surgery – Brain haemorrhage or cerebral thrombosis – Sintracranial sacculated aneurysm or arteriovenous malformation (AVM) as well as cavernous an- gioma in the brain – Certain benign tumours of the brain and spinal cord – Multiple sclerosis – Amyotrophic lateral sclerosis (ALS) – Certain muscular diseases and nervous disorders – HIV infection as a result of blood transfusion or occupational infection – Aids – Irreversible renal failure – Major organ transplants – Xxxxxxxxx’x disease – Blindness – Deafness – Aorta disease (coronary artery disease) – After-effects of encephalitis or cerebral meningitis – After-effects of Borrelia infection – Major xxxxx, frostbites or corrosive xxxxx In case of death within three months of the insurance sum payable in the event of critical illness having become payable, such sum will be set off against the death benefit. Cover of certain critical illnesses in children
Sample 1

Related to GROUP INSURANCE SCHEMES

  • Group Insurance 38.01 The Group Insurance Plan presently in effect shall remain in effect during the term of this Agreement.

  • Group Insurance Plan The carriers, coverage, and terms and conditions of participation under the District’s Group Insurance Plan are subject to change in accordance with the applicable provisions of Title I, Division 4, Chapter 10 of the California Government Code (Section 3500 et seq.) (Xxxxxx‐Milias‐Brown Act).

  • Group Insurance Benefits To determine if a leave under the provisions of the Family and Medical Leave Act will be paid or unpaid leave of absence contact the school district Employee Benefits Department.

  • Insurance Plans The Executive is eligible to participate in the life, health, dental, short and long-term disability plans made available to the employees of the Company pursuant to the terms and conditions of such plans.

  • Insurance Plan 19.01 The Employer agrees to contribute the indicated percentage of the premium cost of the following group plans for full-time employees (and their families where applicable) who have completed their probationary period.

  • Insurance Programs 1. The District agrees to provide a program of life, medical and dental insurance benefits for teachers. The District shall offer each employee a choice between the following two (2) programs of medical and health care:

  • Workers’ Compensation/Employer’s Liability Insurance The minimum limits of Workers’ Compensation/Employer’s Liability insurance are: Part One: Part Two: “Statutory” Each Accident $1,000,000 Disease – Policy Limit $1,000,000 Disease – Each Employee $1,000,000

  • Workplace Safety Insurance 6.1 For the purposes of Article 41.2 (Workplace Safety & Insurance) of the Central Collective Agreement “sixty-five (65) working days” shall be deemed to be (471¼ or 520) hours.

  • R&W Insurance Policy The Buyer has obtained the R&W Insurance Policy and shall pay when due all fees, premiums, and other costs and expenses in connection with the purchase and implementation of the R&W Insurance Policy. The Company and the Seller shall cooperate with the Buyer in connection with the arrangement and origination of the R&W Insurance Policy, including by facilitating the Buyer’s acquisition of a copy of the materials included in the electronic data room established by the Seller and the Company in connection with the transactions contemplated hereby. Buyer shall cause coverage under the R&W Insurance Policy to incept effective as of the signing date of this Agreement and, thereafter, to be issued promptly following the Closing in accordance with the terms of the binder thereof. Buyer shall cause the R&W Insurance Policy to remain in full force and effect, including by: (a) complying with the terms and conditions of the R&W Insurance Policy and (b) satisfying on a timely basis, all conditions necessary for the issuance of or continuance of coverage under the R&W Insurance Policy. During the term of the R&W Insurance Policy, Buyer shall cause the R&W Insurance Policy to explicitly provide for an irrevocable waiver by the insurer(s) that issued the R&W Insurance Policy of any and all rights of subrogation or contribution which such insurer(s) might have under the R&W Insurance Policy against Seller or any of their respective officers, managers, directors, employees or agents under this Agreement, except in the case of Fraud. From and after the signing date of this Agreement, except as may be agreed in writing by Seller, Buyer shall not amend the R&W Insurance Policy in any manner that expands the rights of subrogation or contribution which the insurer(s) that issued the R&W Insurance Policy have under the R&W Insurance Policy to any claims of Buyer against Seller, or any of their respective officers, managers, directors, employees or agents under this Agreement, which, for the avoidance of doubt, such anti-subrogation provisions shall not apply in the case of Fraud.

  • Workplace Safety Insurance Benefits (WSIB) Top Up Benefits If the employee is in a class of employees that, on August 31, 2012, was entitled to use unused sick leave credits for the purpose of topping up benefits received under the Workplace Safety and Insurance Act, 1997;

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