Page 114 - Policy Wording - Hollard Business Binder (2020-08-26)

Stated Benefits/Group Personal Accident
a. Per life insured
b. 24-hour cover
(rate applied to benefit)
Occupational Classes
1
2
3
4
Passive War – loading 10%
4.2 Stated Benefits
10% 10%
10%
a. Based on annual earnings
b. 24-hour cover
Occupational Classes
1
2
3
4
1. Death (rate applicable to total of annual earnings):
a) 1 x annual earnings b) 2 x annual earnings c) 3 x annual earnings d) 4 x annual earnings e) 5 x annual earnings
0.0513% 0.1026% 0.1539% 0.2052% 0.2565%
0.0590% 0.1180% 0.1776% 0.2360% 0.2950%
0.0737% 0.1474% 0.2211% 0.2948% 0.3685%
0.0996% 0.1992% 0.2988% 0.3948% 0.4980%
2. Permanent Disability (rate applicable to total of annual earnings):
a) 1 x annual earnings b) 2 x annual earnings c) 3 x annual earnings d) 4 x annual earnings e) 5 x annual earnings
0.0342% 0.0684% 0.1026% 0.1368% 0.1710%
0.0394% 0.0788% 0.1182% 0.1576% 0.1970%
0.0492% 0.0984% 0.1476% 0.1968% 0.2460%
0.0663% 0.1326% 0.1989% 0.2652% 0.3315%
3. Temporary Total Disablement (TTD) (rate applicable to total of annual earnings):
a) 52 weeks
b) 104 weeks benefit
0.0284% 0.0343%
0.0326% 0.0394%
0.0375% 0.0453%
0.0431% 0.0521%
4. Working hours restriction
(no commuting to and from work)
5. Working hours, including commuting to and from work
Apply 40% discount
Apply 20% discount
6. Medical Expenses (rate applicable to total of annual earnings):
a) R5 000
b) R10 000
c) R30 000
d) R50 000
e) R75 000
f) R100 000
0.0109% 0.0164% 0.0267% 0.0349% 0.0417% 0.0485%
0.0118% 0.0177% 0.0287% 0.0376% 0.0450% 0.0524%
0.0147% 0.0220% 0.0358% 0.0468% 0.0560% 0.0652%
0.0187% 0.0281% 0.0457% 0.0597% 0.0714% 0.0831%
Passive War – loading 10%
10% 10%
10%
Commercial Underwriting Mandates and Guidelines – Binder – Version 2 2020
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