Covers employees against accidental loss of life or disability arising out of an accident while on duty or pleasure on a 24-hour basis. The benefits provided for under GPA are outlined as follows:

• Accidental Death
• Permanent Total Disablement (PTD)
• Temporary Total Disablement (TTD)
• Medical expenses
• Funeral expenses
• Occupational diseases

This covers money while in premises in a locked safe, in hands of authorized employees and while in transit to and from the bank. It also covers money while being moved from the premises to the bank and vice versa. The cover also extends to cover money within the premises in safe and strong room. It also covers money in hands of senior staff and damage to the safe. In all cases limits are provided and the estimated annual carry.

Covers a corporate institution against the loss of money or goods by fraud or dishonesty of named employee(s)

This covers theft of insured property by any person or persons using violent and forcible means of entry into or exit from the premises where such property is kept, without permission from the owner, person or persons to whom such property is legally entrusted or keeping on behalf. This section extends to cover the insured against losses occurring without forcible or violent entry or exit from Insured premises.

Provides cover against accidental physical loss or damage to specified items as a result of any cause which is not specifically excluded from the policy. This includes theft, fire and accidental damage including riot and strike. It is important that the insured lists the items covered and their respective values/sum insured.