Life Insurance

VMware provides voluntary Life and Disability Insurance to all regular employees of VMware (excluding interns and Fixed Term Contractors).​​

Benefits

  • In the event of your death due to an accident or illness, your beneficiaries will receive 2 times your annual gross salary, payable as a lump sum.
  • In the event of Total Permanent Disability due to an accident, you will receive a percentage of the sum assured equal to the percentage of disability, as set by the Territorial Expert Medical Commission /TELK (% of 2 times your annual gross salary ).
  • Temporary disability due to an illness:
    • exceeding 40 days – you will be paid 1600 BGN (the sum insured for temporary disability due to an illness will be payable to you no more than once during the insurance term)
  • Temporary disability due to an accident:

Temporary Disability Due to an Accident

Disabled for: You will be Paid:
21 to 30 days 600 BGN
31 to 40 days 1000 BGN
More than 40 days 1600 BGN

Enrolment

This is a voluntary benefit. In order to enroll, please go to MyLife [VMware network access required]. You should enroll within 30 days of your hire date.

Enrolments into the insurance policy will be completed once per month and coverage will become effective on the 23rd of the respective month.

Contributions

VMware covers 100% of the premium costs for Life insurance.

Beneficiaries

As a default, your beneficiaries are assigned by law. However, if you wish you assign someone else as your beneficiary, you will need to notify HR Source [VMware network access required].

When Coverage Ends

Coverage will end on the 22nd of the month of termination of employment with VMware.