Income Compensation Insurance Plan

With the Income Compensation Insurance Plan, you can avoid financial losses in case of hospitalization due to an accident or a sickness. This plan also covers the reimbursement of ambulance fees and permanent partial disability due to an accident. 

• fixed daily indemnity, for individuals or married couples, paid over a maximum period of 21 consecutive days (up to 42 days per year) in the event of hospitalization due to:
  • an accident (initial cover),
  • a sickness (optional cover),
• reimbursement of ambulance fees: maximum twice per year (optional cover),
  • permanent partial disability in case of loss of one eye, one hand or one foot: up to USD 10,000 (optional cover) 
• age of the insured at subscription: between 20 and 54 years, 
• premiums: predetermined monthly premiums starting from USD 2 regardless of the insured age or profession, automatically deducted from your BLF bank account, 
• advantages and benefits:
  • flexible plan,
  • no medical requirements,
  • instant issuance of policy,
  • automatic monthly renewal. 

			Initial Coverage	Additional Optional Coverages
			Hospitalization due to an accident	Hospitalization due to sickness*	Reimbursement of ambulance fees	Permanent partial disability
Individual		Coverage	USD 200/day Up to 21 consecutive days	USD 100/day Up to 21 consecutive days	2 cases/year	Up to USD 10,000 following an accident
		Deductible**	1 day	3 days	-	-
		Monthly premium	USD 2	Additional monthly premium: USD 1	Additional monthly premium: USD 1
Married couple	One person	Coverage	USD 200/day Up to 21 consecutive days	USD 100/day Up to 21 consecutive days	2 cases/year/person	Up to USD 10,000/person following an accident
	Two persons		USD 300/day Up to 21 consecutive days	USD 150/day Up to 21 consecutive days
		Deductible**	1 day/person	3 days/person	-	-
		Monthly premium	USD 4	Additional monthly premium: USD 2	Additional monthly premium: USD 2

*Cover starts 7 days following the signature date. For hospitalization due to sickness, an additional waiting period of 15 days is applicable.
**Number of days after which the indemnity is paid.