Personal Accident Insurance
New Underwriter

The underwriter for Personal Accident Insurance (PAI) will change to CIGNA effective June 1, 2004. This change will result in enhanced benefits with no increase in employee premiums. This optional insurance plan pays a benefit if the employee or the employee’s covered dependents should die from accidental causes. Highlights of the plan include the following:

• Coverage from $30,000 to $500,000
  
• Provides coverage 24 hours a day, on and off the job
  
• Pays in addition to other IU life insurance plans
  
• Is available regardless of health status
  
• Has affordable pre-tax premiums

Enhancements include coverage for additional dismemberment and paralysis conditions, expanded medical evacuation and repatriation benefits, and benefits when a covered individual is comatose.

New enrollments or changes to the Personal Accident Insurance plan can be made during the university’s annual Open Enrollment period. Personal Accident Insurance is available for Employee Only or Family coverage. Premiums range from $0.60 to $15.00 per month. See the Personal Accident Insurance web page for a complete rate schedule.

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