The Ultimate
Business Life Insurance Solution
Provider in Jordan

Term Life for Companies
A Financial Safety Net for Your Team

At JICO, we understand the importance of being prepared for the unexpected for employers and employees. Our group life insurance plans offer financial protection and security for dependents in the unfortunate event of death or passing.

Our flexible plan allows you to choose the benefit amount, whether a fixed sum or a percentage of your employee’s salary. In effect, JICO’s group life insurance gives you peace of mind knowing that help and support are always available when needed.

Our corporate term life plan covers you in the case of the following:

• Death due to any cause,  the company will pay the agreed protection amount to the beneficiaries.
• Accidental death, the company will pay double the agreed protection amount to the beneficiaries.
• Permanent total disability due to accident and/or sickness, the company will pay the full protection amount if an accident or illness prevents the insured from practicing their profession, according to the globally recognized disability scale.
• Permanent partial disability due to accident and/or sickness, the company will pay a percentage of the protection amount if an accident or illness causes the loss of limbs, according to the globally recognized disability scale.  
• Passive war risk and terrorism in case of death or disability, provided that the insured does not participate in them.
• Medical expenses due to an accident, the company will cover the full treatment expenses in case of injuries caused by an accident.  
• Weekly income, the company pays up to 75% of the client’s monthly income for up to 52 weeks if the client is forced to stop working due to an injury from an accident.  

The benefits of a business term life policy include:

• Basic death
  • A lump sum payment is given to beneficiaries in the event of the employee’s death due to any cause, anywhere in the world.
• Flexible lump-sum payments
  • The amount is determined either by a multiple of an employee’s salary, a set amount identical for all employees, or an amount that varies according to job titles.
• Add-on benefits, including advance lump-sum payment in the event of:
  • Critical illness
  • Disabilities
  • Accidental death
  • Passive war risk
  • Medical expenses due to accidents 
  • Workers’ compensation
• Efficient payment of claims
  • There is a processing facility dedicated to claims, ensuring prompt payment to employees and providers.