A Term plan which provides a choice to the Life Assured to get coverage of 37 critical illnesses, daily hospitalization benefits, and also total and permanent disability cover with the life risk cover under the base policy.
It is a non-profit pure term plan with premium rates that differ depending on the life assured’s health and habit choices, for example: whether he is a smoker or a non-smoker. If the Life Assured is a non-smoker then the premium rate charged is less than that charged from a smoker.
This plan provides protection to the Life Assured’s family through its base policy by allowing high Sum Assured at a very low price and also provides protection to the Life Assured by giving option to choose from one of the riders which are health related.
In the unfortunate event of Life Assured becoming critically ill or needing hospitalization, rider benefit amount will be payable. It also provides a safety net for the family in the unfortunate case of death of the life assured.
The minimum Sum Assured allowed under this plan is USD 300,000.
Accelerated Critical Illness Rider
This rider provides a lump sum benefit to the Life Assured on the occurrence of a defined critical illness. It covers 37 critical illnesses like: Cancer, Stroke, Heart Attack, Coronary Artery by-pass Surgery, End-Stage Renal Disease (Kidney Failure), Major Organ Transplant, Heart Valve Surgery, Paralysis of Limbs, Loss of Limbs, Profound Vision Loss – Irreversible (Blindness), Coma, Third-Degree Burns (Severe Burns), Major Head Trauma, etc.
For detailed list & conditions please contact our Branch / Chief Agent.
Accelerated Total and Permanent Disability (TPD) Rider
This rider provides a lump sum benefit to the Life Assured on the occurrence of total and permanent disability due to accident or sickness.
Hospital Cash Benefit (HCB) Rider
This rider provides daily cash benefit to the Life Assured on continuous hospitalization of more than 48 hours. Minimum Hospital Cash Benefit under this rider is USD 100 per day.
Death and Accident Benefit
In the event of unfortunate death of the life assured during the term of the policy, basic Sum Assured will be paid to the beneficiary.
In the event of unfortunate death of the life assured due to an accident during the term of the policy, the basic sum assured plus an additional amount of USD 100,000 will be payable to the beneficiary.
BASIC PRODUCT ELIGIBILITY CONDITIONS
|Attribute||Minimum Limit||Maximum Limit
|Sum Assured||USD 300,000||No Limit (Subject to
|Entry Age||18 Years||65 Years|
|Maturity Age||23 Years||70 Years|
|Term||5 Years||35 Years|
|Mode of Premium
|Yearly, Half Yearly and through Salary Saving
SURRENDER VALUE / MATURITY VALUE
Base policy/Riders will not acquire any surrender value or maturity value.
Policy loans are not available under this plan.
PAID UP VALUE
There is no paid up value under this plan.
A grace period of 30 days will be allowed for payment of yearly and half yearly premium, whereas a grace period of 15 days will be allowed for payment of monthly (SSS Mode) premium.
This policy will lapse if the premium is not paid within the grace period, and all the benefits under the policy will cease.
Applicants desiring to avail non-smoker premium rates will be required to undergo urine cotinine test. All other aspects of underwriting will be as per the underwriting policy of the company.
|Minimum Sum Assured||For Accelerated CI and TPD rider, USD 100,000.
For Hospital Cash Benefit, USD 100 per day depending upon the Sum Assured under the base policy.
|Maximum Sum Assured||For Accelerated CI and TPD rider, 50% of sum assured under base policy or USD 500,000 whichever is lower.
For Hospital Cash Benefit, USD 300 per day depending upon the sum assured under the base policy.