Accident insurance plan
The Concordia University Optional Accident Insurance Plan - also known as the Optional Accidental Death and Dismemberment Insurance Plan - allows you to purchase financial protection in the event of your accidental death or that of a covered family member. These benefits are payable in addition to any other life insurance plan benefits.
This Optional Accident Insurance Plan also pays benefits should you or a covered family member suffer an accidental injury.
This coverage is in force 24 hours a day, anywhere in the world, on or off the job. You have the flexibility of covering yourself only or both yourself and your family.
Highlights
If you elect coverage under this plan, you have 2 options:
- Coverage for yourself only
- Coverage for both yourself and your family
The benefits payable, subject to certain conditions, are:
| In the event of accidental death | ||
|---|---|---|
| Coverage for you | Up to $750,000 (in units of $10,000) |
|
| Coverage for you and your family | For you: | Up to $750,000 (in units of $10,000) |
| For your eligible dependents: | ||
| Your spouse: | ||
| If you have dependent children | 50% of your coverage for accidental death | |
| If you do not have dependent children | 60% of your coverage for accidental death | |
| Each dependent child: | ||
| If you have a spouse | 15% of your coverage for accidental death | |
| If you do not have a spouse | 20% of your coverage for accidental death | |
| In the event of accidental injury | ||
| For each covered injury, the plan pays a percentage of the amount payable for accidental death. | ||
| Other Benefits | ||
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Except in the case of paralysis or as described under the Other Benefits section on Carrefour, the benefits payable for all losses resulting from any one accident cannot exceed the amount payable for accidental death.