Life & Personal Accident Insurance is a contract between you and Allianz S.A.L.

It is primarily designed to assure your loved ones' financial security after you suffer an unforeseen event. No matter what kind of life insurance you choose, there’s no substitute for the peace of mind it can provide.

The Group Life and Accident Insurance is a group protection plan purchased by your company and compulsory to all employees.
Life insurance is a plan renewable yearly, the policyholder must designate a beneficiary, you can change the beneficiary at any time. In addition the policyholder shall pay premiums collectable monthly, quarterly, semi annually or annually. In return, if you pass away Allianz S.A.L. will pay out a lump sum to your beneficiary.
Unlike life insurance, Personal Accident includes coverage for fatal and nonfatal accidents involving dismemberments or loss of eyesight or hearing. It can be a helpful safeguard, if you have an accident which prevents you from working then you and your family will receive some financial support.
In the event of the death of the life assured (due to accident or illness), the sum assured will be payable in one lump sum to the beneficiaries.
In the event of the death of the life assured (due to accident), the sum assured will be payable in  one lump sum to the beneficiaries.
In case of disablement (due to accident or illness), the basic cover is paid in equal installments over 5 years.
In case of war or war like circumstances, the Passive War Cover grants you protection in case of death or TPD paid in a lump sum.
The Critical Illness Cover provides a lump sum payment in the event of the life assured being diagnosed with one of the specified list of critical illness.

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Payment Death Total & Permanent Disabilities Critical Illness Passive War - Death Passive War - Total & Permanent Disabilities
Lump Sum
Over 5 consecutive years in equal installements

For Death covers:
Death Sentence
War and Terrorism Risks (If not taken)
Preexisting cases

For TPD covers:
Preexisting Partial Disablement
Alcohol Abuse or Taking of Drugs
Radioactivity and Nuclear Reactions
Assault, Committing a Felony and Participation in a Brawl
Attempted Suicide or any intentional self inflected injury
War and Terrorism Risks (If not taken)

For PW covers:
Active Participation
Membership in Army, Police, Military

Not limited to the above.