Lahore Press Club offers life insurance to members
JournalismPakistan.com | Published: 31 July 2021
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The Lahore Press Club has announced a new life insurance plan for its members in partnership with EFU. This initiative aims to provide financial security to journalists and their families.Summary
LAHORE —The Lahore Press Club has entered into an agreement with EFU, a multinational insurance company, for offering life group insurance to its journalist members.
Under the insurance plan, Rs1 million will be paid in natural death, whereas Rs2 million for accidental death and Rs1 million for permanent disability. However, a fixed amount will be paid for one year in case of temporary disability.
The press club will pay Rs5 million overall to the insurance company for its members up to 60 years of age.
President Lahore Press Club Arshad Ansari stated that the group insurance of the members had been restored after four years. "Hence, the promise made to the members and their families has been fulfilled," he said.
KEY POINTS:
- Life insurance covers Rs1 million for natural death.
- Accidental death benefits are set at Rs2 million.
- Fixed payment for temporary disability will also be included.
- Total payment to the insurance company will be Rs5 million.
- Insurance for members under 60 years old has been restored after four years.
