Page 24 - LGB Group

The Employee or his family members should inform the HRD regarding
this emergency admission at first available opportunity. (Please refer
to Appendix 2 for details of benefits).

24. GROUP INSURANCE SCHEME

a) The Company shall insure all Employees under its Group Insurance scheme
against death or permanent disabilities. The coverage is provided 24 hours
a day and on worldwide basis. The sum insured shall be in accordance with the
Company’s policy. The benefits payable for each Employee is subject to the limit of
coverage under the plan which the Employee is insured.

b) The insurance premium for this scheme is paid by the Company. Employees
may be given the option to contribute on their own for any additional coverage
for themselves or for their dependents, subject to acceptance & approval by
the insurance company.

c) In the event of an accident, the Employee concerned or his family members
should notify the HRD at first available opportunity, stating full details of the
incident, together with a copy of the Police Report where applicable. This is
to enable the Company to file the insurance claim promptly with the Insurer.

d) All claims made and received by the Company in relation to this scheme shall
be for the benefit of the Employee. In case of death to the Employee, the
Company shall pay such benefits to the Employee’s beneficiary(s) subject to
the condition that the Company may utilise part of the claims to offset any
amount of monies owing by the Employee to the Company. The release of
payment due from the insurance policy is also subject to the provisions of
Islamic Law if the Employee is a Muslim.

e) All Employees are required to nominate their beneficiaries for this purpose
and submit such nominations to HRD.

(Please refer to Appendix 3 for the Nomination Form & details)

25. TRAINING AND DEVELOPMENT

a) The Company recognizes that Employees are the most important assets, and
the Company shall, on a regular basis, provide both internal and external
training to Employees to enhance their skills and competencies.

b) The year-end performance appraisals shall be used as the basis for the
respective Heads of Department to identify the training needs and
recommend appropriate training courses for their subordinates.

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