VMware provides Group Life and Disability Insurance for all regular employees.
All regular employees of VMware are eligible for Group Life and Disability Insurance.
|Group Life Insurance||Two (2) times your annual On Target Earnings Salary|
|Accidental Death||Two (2) times your annual On Target Earnings Salary|
|Permanent Total Disability||100% of Sum Insured (own or similar occupation) up to a maximum of USD 1,500,000 and subject to a 12 month waiting period|
|Permanent Partial Disability||As per the Continental Scale (percentage of sum insured) up to a maximum of USD 1,500,000 and subject to a 12 months waiting period|
|Temporary Total Disability||100% of your Annual On Target Earnings Salary with a maximum of USD 250,000 *|
* Temporary Total Disability benefit is payable for 360 days (including waiting period), subject to waiting period of NIL for Accident and 7 days for Sickness.
Free Cover Limit
You automatically qualify for Group Life and Disability Insurance up to USD 1,000,000.
- You are automatically enrolled in the Group Life and Disability Insurance and insured for amounts under the free cover limit listed above.
- In order to qualify for insurance amounts exceeding the free cover limit you may need to undergo a medical examination.
- The insurance company will contact you within your first month to provide you with details.
VMware pays 100% of the premium costs for the Group Life and Disability Insurance.
When Coverage Begins
Coverage will begin on your first day of active work as a VMware employee.
When Coverage Ends
Coverage will end on the last day of your employment with VMware.