Claims can be made on a reimbursement basis where the insured pays the medical bills in full and claims back eligible medical expenses (under the insurance plan) from Demerara Mutual or on a credit basis where Demerara Mutual pays all the expenses incurred in providing health care for the insured and his/her organisation/association must guarantee repayment of ineligible expenses to Demlife.
Fire Insurance is a type of insurance that covers a private residence or a commercial property. Demerara Mutual Life offers fire insurance (through its wholly owned subsidiary Demerara Fire and General) under the categories of fire and full perils such as natural disasters e.g. hurricanes, tornado etc.
Auto insurance or motor insurance is insurance purchased for cars, trucks, lorries motorcycles and other vehicles that traverse the road. The main benefit of auto or motor insurance is to provide protection against physical damage to the vehicle as a result of minor traffic collisions to major accidents and to provide protection from liability that could also arise from these incidents. Vehicles are also insured against theft.
Demerara Mutual Life Assurance Society Ltd has for 127 years been a leading provider of life insurance to individuals and families. Over the years the company has evolved and expanded its product offering and territorial operations. During the years of its development the company has expanded its operations outside of Guyana to Grenada, St Lucia, St Vincent and the Grenadines with plans to expand to other territories in near future.