Incomeshield AD&D



No matter how careful someone is, accidents unfortunately happen. AD&D insurance helps to ensure protection for a member and their family in the event of an accident that results in death or serious injury. Your accident coverage provides you with a lump sum benefit to help ease the financial impact and assure your family’s needs are met if you suffer loss of life as a result of an accident or provides you with living benefits should an accident leaves you paralyzed or should you suffer the accidental loss of sight or hearing or accidental loss of a limb.

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AD&D offered by Income Shield has following Benefits, for complete details please refer to policy wording.

  • Coverage: 24 hours – Business and Pleasure
  • Benefits Available up to $500,000
  • Plans from $5 a month.

List of Group Policy Benefits

  • Loss of life ................................................................................... 100%
  • Loss of both arms or both legs .................................................... 100%
  • Loss of both hands or both feet .................................................. 100%
  • Loss of the entire sight of both eyes ........................................... 100%
  • Loss of one hand and one foot .................................................... 100%
  • Loss of one hand and the entire sight of one eye ....................... 100%
  • Loss of one foot and the entire sight of one eye ......................... 100%
  • Loss of one arm or one leg ............................................................ 80%
  • Loss of one hand or one foot ....................................................... 75%
  • Loss of the entire sight of one eye ................................................ 75%
  • Loss of thumb and index finger of the same hand .................. 33 1/3%
  • Loss of speech and hearing in both ears ..................................... 100%
  • Loss of speech or hearing in both ears ......................................... 75%
  • Loss of hearing in one ear ...................................................... 66 2/3%
  • Loss of four fingers of one hand ............................................. 66 2/3%
  • Loss of all toes of one foot ........................................................... 25%
  • Loss of use
  • Loss of use of both arms, or both hands or both feet ................. 100%
  • Loss of use of one hand or one foot ............................................. 75%
  • Loss of use of one arm or one leg ................................................ 80%
  • Paralysis
  • Quadriplegia (total paralysis of both upper
  • and lower limbs ....................... 200% up to a maximum of $1,000,000
  • Paraplegia (total paralysis of
  • both lower limbs) .................... 200% up to a maximum of $1,000,000
  • Hemiplegia (total paralysis of upper and lower limbs of one side of the body) .. 200% up to a maximum of $1,000,000

Other Benefits of Group Policy

BENEFITS SUMMARY

  • 1. Day Care benefit following your accidental death for dependent children under age 13  - 5% of principal sum to $5,000 – payable annually up to 4 yrs Dependent Children Education benefit following your accidental death for children under 21 or 26 if full-time student 5% of principal sum to $5,000 – payable annually up to 4 yrs
  • 2. Funeral Expenses benefit for cremation or burial or funeral Up to $5,000 Grief Counselling benefit for spouse and/or dependent children Up to $1,000 within 1 yr
  • 3. Home Alteration and Vehicle Modifications benefit if wheelchair is required to be ambulatory 
  • 4. Up to $15,000 Identification benefit for immediate family member’s travelling expenses At minimum 150 km – Airfare up to $5,000 Private vehicle to $500 - Meals and accommodation to $250/day – maximum 3 days, 
  • 5. In-Hospital benefit for more than 5 days 1% of principal sum to $2,500/month up to 12 months, Psychological Therapy benefit following a loss Up to $5,000 – within 1 yr
  • 6. Rehabilitation benefit for Employee/Member ‘s retraining Up to $15,000 – within 12 months, Repatriation of Remains benefit At minimum 100 km - up to $15,000, Seat Belt benefit  10% of principal sum to $50,000
  • 7. Spousal Occupational Training benefit Up to $15,000 within 30 months
  • 8. Transportation to Bedside benefit At minimum 100 km, up to $15,000 –- Private vehicle to $500 - Meals and accommodation to $250/day – maximum 7 days Continuation of Coverage Maximum 12 months
  • 9. Conversion Privilege Within 90 days 
  • 10. Waiver of Premium Up to age 65 while on disability
If you suffer more than one loss as the result of one accident, only one benefit is payable, the largest.

INDIVIDUAL AD&D BENEFITS SUMMARY

INDIVIDUAL AD&D BENEFITS SUMMARY

  • Loss of life .....................................................................................100%
  • Loss of both arms or both legs ........................................................100%
  • Loss of both hands or both feet .......................................................100%
  • Loss of the entire sight of both eyes .................................................100%
  • Loss of one hand and one foot .........................................................100%
  • Loss of one hand and the entire sight of one eye.................................100%
  • Loss of one foot and the entire sight of one eye .................................100%
  • Loss of one arm or one leg................................................................80%
  • Loss of one hand or one foot.............................................................75%
  • Loss of the entire sight of one eye......................................................75%
  • Loss of thumb and index finger of the same hand.................................33 1/3%
  • Loss of speech and hearing in both ears..............................................100%
  • Loss of speech or hearing in both ears ...............................................75%
  • Loss of hearing in one ear..................................................................66 2/3%
  • Loss of four fingers of one hand .........................................................66 2/3%
  • Loss of all toes of one foot.................................................................25%
  • Loss of use

  • Loss of use of both arms, or both hands or both feet...........................100%
  • Loss of use of one hand or one foot ...................................................75%
  • Loss of use of one arm or one leg........................................................80%
  • Paralysis

  • Quadriplegia (total paralysis of both upper and lower limbs ...................................................200% up to a maximum of $1,000,000
  • Paraplegia (total paralysis of both lower limbs) ....................................................................200% up to a maximum of $1,000,000
  • Hemiplegia (total paralysis of upper and lower limbs of one side of the body) .........................200% up to a maximum of $1,000,000