Group Life Insurance Plan
The University maintains a group life insurance plan through Cigna Europe, an international organization.
All full-time and casual employees up to the age of 70 are automatically covered under the plan.
The premium for basic coverage is paid entirely by AUC, whereas additional coverage is available on an optional basis at the employee’s expense.
- The plan provides two levels of coverage for life insurance: basic and additional.
- Beneficiary(ies) will be qualified to life benefit equal to one times the participant’s annual salary in case of normal death or total dismemberment (a certain percentage of salary is applied in case of partial dismemberment according to rate of loss), and two times the participant’s annual salary in case of accidental death.