UniLife Supplementary Benefits

Accidental Death

In case of loss of life from an accident, the amount is paid as a lump sum to the heirs over and above the sum assured of the basic plan.

Permanent Total Disablement

The benefit is paid in case of Permanent Total Disablement due to accident or illness in twelve equal quarterly instalments beginning six months after the disability occurs. The basic plan continues to be in force as long as the premium is paid. The benefit of Permanent and Total Disablement expires at age 60 or at the maturity of the policy or when the policy is not in force.

Accidental Death or Permanent Total Disability from Accident

This supplementary benefit provides cover for either Accidental Death or Permanent Total Disability from Accident. It is paid in case of death due to accident or if the life assured is totally unable by reason of accident to engage in any occupation. 

Disability Income

The benefit is paid monthly in case of total disablement due to accident or illness. The benefit is payable after the expiry of three months of any period of disability and expires at maturity of the policy or at the maturity of the benefit or at the age of sixty five, whichever takes place first. Provided that the disablement continues to exist following the first 24 monthly payments the benefit will continue to be paid only if the total disability becomes permanent.

Waiver of Premium

In the event of total disablement due to accident or illness any future premiums (after the first six months of disability) will be waived and assumed to be paid by the Company. The benefit expires at age 60 or at the maturity of the policy if earlier.

Major Medical

The Major Medical benefit provides for the payment of cash benefit in case of hospitalization and a surgical benefit in case of a surgery. In case of surgery the level of the surgical benefit depends on the category of the surgery, as defined in the relevant table of the Company. The premium is charged by cancellation of units of the basic plan.


Please note that the addition of supplementary benefits requires additional premium.

The scheme is addressed to people in need of life-long protection for loss of life, in order to financially support and protect their family or business.

It’s also suitable for people who want to build up capital and combine it with substantial life insurance. 

UniLife aims to provide lifetime insurance cover while at the same time helps the policyholder build up capital through systematic investment in the internal unit-linked funds.

The policy holder may choose where to give more emphasis: either on investment or on the amount of insurance cover.

UniLife is a life-long scheme with maximum age of entering the scheme being 70 years old. It offers a substantial insurance cover of €2.000.000 as well as several alternative combinations of insurance cover and investment.

In case of the policyholder’s death, the dependents receive the insured amount or the surrender value, whichever one is bigger. Periodic reviews can apply after the first 10 years of the scheme, then every 5 years and then every one year after the age of 60.

A number of supplementary benefits may be added to the plan:

• Accidental Death
• Accidental Death and Disability
• Disability Income
• Major Medical
• Permanent Total Disability and Waiver of Premium

I would like more information on UniLife Supplementary Benefits. Please contact me
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