It provides employee life insurance and dependent life insurance.
Employer usually offers a base level of employee life coverage at no cost to the Employee. Employees usually have the option to purchase additional coverage amounts for employee life insurance.
Accidental Death and Dismemberment (AD&D
Provides financial protection against accidental death or the loss of a limb, sight, or hearing of an employee or covered dependent.
It may also be called Personal Accident Insurance (PAI).
Benefit paid depends on the type of loss the insured incurs.
Business Travel Accident (BTA)
It pays additional life insurance to the employees family in the event that the employee dies while traveling on