Page 9 - 2016 Enrollment
P. 9
Zydus Pharmaceuticals (USA) Inc.
Term Life and Accidental Death &
Dismemberment (AD&D) Insurance
Basic Term Life and Accidental Death & Your new life insurance carrier,
Dismemberment (AD&D) The Hartford, is offering a unique
Zydus provides both life insurance and accidental death & enrollment opportunity during this
year’s open enrollment period. All
dismemberment (AD&D) insurance at no cost to you while actively employees (including those who have
employed. Beginning in 2016, life and AD&D insurance will be declined voluntary life coverage in
provided by The Hartford. Your current coverage will automatically past years) are able to increase their
roll over with the new carrier. coverage by FIVE (5) increments,
equal to $50,000, without evidence
Life insurance provides inancial security for the people who depend of insurability.
on you. The amount of the beneit will be one time your base salary
to a maximum of $100,000. For any coverage above the guarantee
issue amount, you will be required
Accidental death & dismemberment (AD&D) insurance provides to provide evidence of insurability.
payment to you or your beneiciaries if you lose a limb or die in an The cost per each $1,000 of coverage
accident. Your maximum AD&D beneit will be one time your base is based on your age. Use the table
salary to a maximum of $100,000 and the amount of your beneit shown on page 10 to determine your
will depend on the severity of your injuries as a result of an accident. monthly cost.
Voluntary Term Life Insurance
Zydus Pharmaceuticals will continue to offer a voluntary term
life insurance program, allowing employees the opportunity to
supplement the company provided basic term life insurance.
Voluntary term life insurance is available to employees, spouses, and
children.
The Hartford will be the new voluntary life insurance carrier,
effective January 1, 2016. Your current voluntary life coverage will
automatically roll over with the new insurance carrier.
You can elect voluntary life coverage in $10,000 increments from one
to ive times your annual earnings, up to a maximum of $500,000.
The employee’s voluntary life guarantee issue amount is three times
your annual earnings, up to $200,000.
9
Term Life and Accidental Death &
Dismemberment (AD&D) Insurance
Basic Term Life and Accidental Death & Your new life insurance carrier,
Dismemberment (AD&D) The Hartford, is offering a unique
Zydus provides both life insurance and accidental death & enrollment opportunity during this
year’s open enrollment period. All
dismemberment (AD&D) insurance at no cost to you while actively employees (including those who have
employed. Beginning in 2016, life and AD&D insurance will be declined voluntary life coverage in
provided by The Hartford. Your current coverage will automatically past years) are able to increase their
roll over with the new carrier. coverage by FIVE (5) increments,
equal to $50,000, without evidence
Life insurance provides inancial security for the people who depend of insurability.
on you. The amount of the beneit will be one time your base salary
to a maximum of $100,000. For any coverage above the guarantee
issue amount, you will be required
Accidental death & dismemberment (AD&D) insurance provides to provide evidence of insurability.
payment to you or your beneiciaries if you lose a limb or die in an The cost per each $1,000 of coverage
accident. Your maximum AD&D beneit will be one time your base is based on your age. Use the table
salary to a maximum of $100,000 and the amount of your beneit shown on page 10 to determine your
will depend on the severity of your injuries as a result of an accident. monthly cost.
Voluntary Term Life Insurance
Zydus Pharmaceuticals will continue to offer a voluntary term
life insurance program, allowing employees the opportunity to
supplement the company provided basic term life insurance.
Voluntary term life insurance is available to employees, spouses, and
children.
The Hartford will be the new voluntary life insurance carrier,
effective January 1, 2016. Your current voluntary life coverage will
automatically roll over with the new insurance carrier.
You can elect voluntary life coverage in $10,000 increments from one
to ive times your annual earnings, up to a maximum of $500,000.
The employee’s voluntary life guarantee issue amount is three times
your annual earnings, up to $200,000.
9
