Colleage of mine mentioned he spoke to
a LIPS representative recently who told him if EK pays out
then they (LIPS) pay out.
Just what i was told.
Correct. The LIPS coverage is supplemental to the EK coverage. EK pays full basic pay for 3 years and then LIPS pays 25,000 dhs/month to age 60 (with cost of living adjustments) once the EK coverage ceases.