Life Insurance

Insurance Provider: AIA New Zealand Ltd

Eligibility

All permanent full-time employees are covered for Life Insurance.

Benefits

A lump sum amount of four (4) times your annual salary, including base salary and target bonus, would be paid to you or your estate in the event of death or terminal illness. You are covered until age 70. If you leave VMware before then you may be able to continue the cover by porting the policy on personal basis.

Contributions

VMware pays 100% of the premium costs.

Automatic Acceptance Limit (AAL)

The policy has an Automatic Acceptance Level of $400,000. If your salary is less than $100,000 you are automatically insured for four (4) times your annual salary.
Employees with salaries above the indicated threshold will be subject to underwriting requirements above the Automatic Acceptance Limit basis which coverage will be determined.

When Coverage Begins

Coverage begins on the first day of your employment with VMware

When Coverage Ends

Coverage ends on the end of your last day of service with VMware, or on your 70th birthday.

Contact Us

HR Source
ASK HR [VMware network access required]
Phone: (+61) 292935535
Internal Phone: ext. 29200


Contact your Mercer Marsh Benefits:
Angela Richardson of Marsh Limited
Phone: 09 928 3155
Mobile: 021 888 554
Email: angela.richardson@mercermarshbenefits.com

Resources

Employee Guide for Risk Insurance [VMware network access
required
]