Workers Compensation Insurance. The plan provides a lump sum benefit equal to four times annual salary in the event of death or upon total and permanent disability due to work-related sickness. Group Dependents Life and Disability Insurance. Staff may provide coverage for his or her spouse, subject to certain limits. Benefits are payable in case of death, disability or accidental dismemberment of the covered dependent.
Participation is on a voluntary basis and the premium is fully borne by the staff.
Travel Accident Insurance. Coverage is 1.5 times of staff's annual salary for the spouse and 0.75 times of staff's annual salary for each child. In the event of the death of a staff, a pre-determined amount is paid to the spouse or other designated beneficiary. Force Majeure Protection Program ADB provides coverage for the loss or damage to personal household goods and properties of the staff due to riots, strikes, civil commotion, malicious damage, confiscation, expropriation and nationalization. It covers the items like appliances, furniture, fixtures and equipment, jewelry, watches and objects of fine arts, automobile and other similar items.