Term Protection Plan

Term Protection Plan


During the insured term if the person dies he gets total coverage amount at the time of death. If death occurs due to accident then the insured gets twice the sum assured. In case the insured becomes disabled he receives the complete coverage amount. The insured also has the option to collect the coverage amount in the form of monthly installments for 10 years. In case if the insured survives he can receive 50% of his premium back upon maturity.or get free coverage for five years.

Protection Benefit:
In case of the unfortunate demise of the insured a lump sum amount is paid to his/ her family which can be used to manage their current and long term expenses.

Accidental Protection Benefit:
If death is caused through accidental means twice the sum assured or coverage amount is paid to the nominated beneficiary of the plan. An additional feature that the APB rider offers is the option to collect half on the coverage amount in monthly installments over a period of 10 years.

Survival Benefit:
At the end of the plan term if no claims have been made the insured receives half of his five year premiums back of have the option to get life insurance for another 5 years.

Disability Protection Benefit:
As with other benefits in Money Back plan the insured or the family have the option to tae a lump sum amount in case the insured gets disabled due to any reason or the amount can also be collected in form of monthly installments over a period of 10 years.

Minimum issuing age: 18 years

Maximum issuing age: 55 years

o Minimum Entry Age: 18 years (Age nearest birthday)
o Maximum Entry Age: 59 years (Age nearest birthday)

A fixed daily hospital allowance is paid to the insured in-case of hospitalization due to an accident, irrespective of any hospital (whether private or government). Three different daily coverage plans are offered that can be used to maintain daily expenses or cover for the loss of income during hospitalization.

In the unfortunate event of an accident resulting in the death of the insured an amount of Rs. 200,000, Rs. 500,000 or Rs. 1,000,000 is paid depending on package selected.

Double daily benefit is given incase the insured has to be admitted to ICU

 

The plan offers a free-look period of 14 days, in which you can cancel your policy by contacting Adamjee Life, and have your premium refunded.
ADAMJEE LIFE Accidental Hospitalization and Death Cover Plan is Secure Plan that gives you:
 
o Different Premium paying options subject to minimum acceptable premium limit prescribed.
o Hospitalization Coverage up to 180 days.
o 14 day free look period, allowing full premium refund incase of cancellation within the specified time.
o Double benefit in case of ICU confinement.
o Accidental Death Coverage.
o No medical examination necessary.
o Daily payouts of Rs 2,000, Rs 5,000 or Rs 10,000 to meet your daily expenses.
Age —————– 18 – 59 —————–
Daily Benefit 2,000 5,000 10,000
Annual Premium 2,200 5,500 1,100
Coverage amount is paid in case of death or accidental disability. In case of accidental death twice the sum assured is paid lump sum or half can be paid in the form of monthly payouts for 10 years. In case of accidental disability the sum assured is payable lump sum or half can be paid in the form of monthly payouts for 10 years.
 
Plan A:
An amount of Rs. 500,000 is provided to the beneficiary in case of the unfortunate demise or disability of the insured.
 
If death has been caused due to accident double the amount Rs 1 ml is given to the chosen beneficiary. With the option to take half in lump sum and the remaining amount as monthly installments over a period of 10 years.
 
In case of accidental disability lump sum Rs. 500,000 or Rs. 5,000 per month for 10 years is paid to the family of the insured.
 
Plan B:
If plan B is selected ted an amount of Rs. 250,000 is provided to the beneficiary in case of the unfortunate demise or disability of the insured.
 
If deth has been cuased due to accident double the amount Rs 500,000 is given to the chosen beneficiary. With the option to take half in lump sum and the remaining amount as monthly installments over a period of 10 years.
 
In case of accidental disability lump sum Rs. 250,000 or Rs. 2,500 per month for 10 years is paid to the family of the insured.

• Minimum issuing age: 18 years
• Maximum issuing age: 59 years
• Health details required

o 5 years

 

Critical Illness: Sum Assured is paid if insured survives for at least 20 days after diagnosis of, or surgery for any of the following diseases:
 
o Cancer
o Heart Attack
o Stroke
o Coronary Artery Bypass Surgery
o Kidney Failure
o Major Organ Transplant
o Multiple Sclerosis
o Dementia inc Alzheimer’s Disease
o Aorta Surgery
o Benign Brain Tumour
o Blindness
o Brain Surgery
o Coma
o Deafness
o Heart Valve Surgery
o Loss of Speech
o Loss of limbs
o Major Burns
o Motor Neurone Disease
o Paraplegia/Paralysis
o Parkinson’s Disease
o No benefit is payable in respect of a critical illness diagnosed or operated for within a waiting period of 90 days from commencement or reinstatement.
o Permanent Total Disability on Accident or Sickness – Any Occupation – Waiting Period of 30 Days: Sum Assured is paid after PTD has lasted uninterrupted for six consecutive months.
The ADAMJEE LIFE critical illness plan is a “Health Care” Plan that gives you:
 
• Long term coverage against 21 critical illnesses.
• On diagnosis of any of the covered critical illnesses, the critical illness sum insured will be paid. Thus, this plan
  provides you the freedom to choose the best possible health care available.
• The benefit amount received can be used for medical expenses and will act as a supplement to your income
during your treatment period.
Payment Gateway Talk to our Financial Advisor Nav Need Analysis Calculator
x