Search results
Results from the WOW.Com Content Network
AD&D insurance functions similarly to life or health insurance in that it pays out a defined benefit when a covered event occurs, such as accidental death or severe injury. The coverage is fairly ...
An example is an AD&D policy provided in an initial nominal amount with premiums paid by another party (such as a small $1,000 AD&D policy offered to credit union members, with the premium paid for by the credit union itself), with higher elective benefits offered to members where the member must pay the additional premiums separately.
Where the life insurance is provided through a superannuation fund, contributions made to fund insurance premiums are tax deductible for self-employed persons and substantially self-employed persons and employers. However, where life insurance is held outside of the superannuation environment, the premiums are generally not tax deductible.
AD&D insurance is offered by group insurers and provides benefits in the event of accidental death. It also provides benefits for certain specified types of bodily injuries (e.g., loss of a limb or loss of sight) when they are the direct result of an accident. [25] Insurance companies have high administrative costs. [148] [149]
Abu Dhabi National Insurance Company PJSC (Arabic: شركة أبوظبي الوطنية التأمين; ADNIC) is a composite insurer headquartered in Abu Dhabi in the United Arab Emirates. [2] ADNIC is the second largest insurer in the UAE by premium and one of the largest in the Gulf Cooperation Council (GCC).