All regular full-time employees aged below 60 years are eligible for Life insurance and Accidental Death & Disablement (AD&D) insurance.
VP & above leave will receive a lump sum payment of thirty-six (36) times monthly base salary and all others will receive a lump sum payment of twenty-six (26) times monthly base salary will be paid to you or your beneficiaries in the event of death or terminal illness while in the service at VMware.
Free Cover Limit
You automatically qualify for Life insurance and Accidental Death & Disablement (AD&D) insurance up to IDR3,500,000,000.
You are automatically insured for Life insurance and Accidental Death & Disablement insurance amounts under the free cover limit listed above.
In order to qualify for insurance amounts exceeding the free cover limit you will be subject to underwriting requirement basis which coverage will be determined. The insurance company will contact you to provide the details to undergo medical tests.
Below is the list of situations which may be excluded under this plan:
- Self-inflicted injuries, including suicide.
- War, invasion of foreign enemy, usurped power.
- Participating in riot or committing an assault or felony.
- Engaging in racing other than on foot.
Please contact insurer for more details.
When Coverage Begins
Coverage will begin on your first day of active work as a VMware employee.
VMware pays 100% of the premium costs for the Life insurance and Accidental Death & Disablement insurance.
When Coverage Ends
Coverage will end on the last day of your employment with VMware.