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Aon Corporation - PowerPoint

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					                     Who is Aon?

• A global leader in:
• Risk management, insurance and reinsurance brokerage
  –   #1 global reinsurance broker
  –   #2 global insurance broker
  –   #1 global manager of captive insurance companies
  –   #1 U.S. wholesale broker and underwriting manager
  –   Leader in affinity insurance programs
• Human capital consulting
  – # 3 global employee benefits consultant (#5 in U.S.)
• Outsourcing
  – #4 U.S. multi-line claims service provider
                    Who is Aon?

• Ranked one of the top 250 U.S.-based companies on
  both the Fortune and Forbes 500 lists:
  –   Headquarters in Chicago, Illinois
  –   $9.8 billion in revenues in 2003
  –   54,000 employees worldwide
  –   600 offices
  –   120 countries and sovereignties
  –   More than 20 percent employee-owned
                     Why Aon ?
•   AON Is the world’s largest insurance broker dedicated to
    servicing risk management needs of all employees and
    wellness benefits

•   Availability of personnel dedicated to employees
    benefits insurance and related classes of insurance.
•   Strong relationships with the insurance marketplace.

•   Local service delivery of global standards.
   Why Bread Winner need Insurance
   Benefits Schemes?
To cater for loss of income against the risk of Injury or
benefits to the dependant in case of premature death of lives
  to be insured.

Incase of mishap bread winner will still feel secured until
   the time he is able to regain his earning capability
                        Alternative Covers
WORKMEN’S COMPENSATION
•   This cover only relates to work related injuries
•   Geographical area – Tanzania only
•   Death benefits – Tshs 83,000 only
•   Permanent disability – Tshs 108,000 maximum
•   The act has been amended now, but it might take up to 24 months before taking
    effect

PERSONAL ACCIDENT
•    24 hours cover
•    World wide
•    Benefits could be fixed or multiple of salaries

ACCIDENT AND SICKNESS
•    As in personal accident but in addition insurers would pay in case of listed sickness

GROUP LIFE ASSURANCE
•   Pays in case of death (be Accidental / Natural Death)
•   Incase of occupational permanent disability
•   Cover is subject to free cover limit to be decided by insurers
                  Accident Defined

An event which occurs unexpectedly and unintentionally

• E.g. Sudden fall, car accident, ingestion of poison, etc

It must be sudden, gradual injuries are Excluded e.g. usage
of drilling machine
  Group Personal Accident Benefits

• DEATH BENEFIT

• PERMANENT TOTAL DISABILITY

• TEMPORARY TOTAL DISABILITY

• PERMANENT PARTIAL DISABILITY

• TEMPORARY PARTIAL DISABILITY

• MEDICAL EXPENSES
                 Exclusions
• SUICIDE OR INTENTIONAL SELF INJURIES

• ACCIDENT ARISING AS A RESULT OF INFLUENCE OF
  ALCOHOL, DRUGS, NARCOTICS ETC

• PARTICIPATION IN RIOTS OR CIVIL WAR

• PREGNANCY OR CHILDBIRTH AND THE LIKE

• RACING OR PARTICIPATING IN PROFESSIONAL
  SPORTS

• TRAVELLING BY AIR OTHER THEN A PASSENGER
             How to Claim ?

• IMMEDIATE REPORT TO YOUR LIASON PERSON

• CLAIM FORM SHOULD BE COMPLETED

• DOCTOR’S REPORT

• DEATH CERTIFICATE

• POLICE REPORTS
            Some more Information

• Once documents received insurers will provide offer

• If insurers are not satisfied, they will request for second
  medical opinion from another qualified doctor (this
  refers to accident claims ONLY)
Medical Insurance

WHAT IS IT?
Health insurance is, basically, a promise by an
insurance company or health plan to provide or pay for
health care services in exchange for payment of
premiums.
 Optional Covers:
 • Chronic Conditions      PRIMARY Benefits of Medical
                           Insurance:
 •Dental
                           INPATIENT AND OUTPATEINT
 •Optical                       (including Emergencies)
 •Funeral
 •Foreign Treatment
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