We can help you plan for life’s uncertainties.

Leave your legacy – not your liabilities.  Feel better knowing you and your family have a sound enough financial cushion if something unexpected happens to you, permanently cutting off your income.

The life insurance program offered through Authora offers cover of 2X yearly salary plus 25% for each child at charge under age 25 years of age.

The Life plan is clubbed with Accident and Disability Insurance. In the event of disability, Employer pays 10%.  State pays 70% via Workers Compensation Scheme (cap of c48k).

In the event of an accident at work 70% of salary above the ceiling of EUR 48,084.06 for 2022.

While you should always consider setting up your own beneficiary election, the plan will still payout in the case of your death without a beneficiary designation. 

Beneficiary in case of death (when no designation):

• the spouse
• the children of the member in equal measure 
• the designated beneficiary
• the father and mother of the member in equal measure 
• the brothers and sisters of the member in equal measure
• the legal heirs of the member excluding the State 

Note that the payout of the capital death is free of succession rights for

• the spouse
• children under 21 years 

Every occupational disability longer than 30 days is covered, except when it is due to:

• A deliberate act or an attempted suicide
• A state of inebriation or intoxication by narcotics
• Drug addiction
• A conviction
• Perilous or reckless acts, like e.g. a challenge
• A psychological disorder that is not mentioned in the DSM IV list; like burn-out
• A condition without objective clinical symptoms
• A disintegration of atomic particles