Life
Term Insurance Supplementary Benefits

Dread Diseases

This benefit is paid as a lump sum in case any of the following dread diseases occurs. With the payment of this benefit the basic plan remains in force.

• Cancer (of specified severity)
• Coronary Artery Disease Requiring Surgery 
• Heart Atttack (of specified severity) 
• Chronic Kidney Failure 
• Major Organ Transplantation 
• Stroke 
• Structural Heart Surgery 
• Multiple Sclerosis 
• Benign Brain Tumor 
• Blindness

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.

 

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

Term Insurance is addressed to people seeking a specific insurance cover level, for a specific period of time at an attractive cost.

In the case of an unexpected death, it’s inevitable that the family will face serious financial consequences. Term insurance provides the policyholder's family with the necessary capital to confront all consequences and expenses.

Term Insurance provides a low-cost life insurance solution for a substantial insurance cover. It has a fixed duration and in case of loss of life of the insured, the dependents receive the insured amount. It offers no savings or investment elements and the level of cover is stable for the duration of the policy.

 

The plan can be combined with any of the supplementary benefits offered by the Company to cater for the policyholder’s individual insurance needs:

  • Dread Diseases
  • Accidental Death
  • Permanent Total Disablement
  • Accidental Death or Permanent Total Disability from Accident
  • Disability Income
  • Waiver of Premium

 

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