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.
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.
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.
|Age||—————– 18 – 59 —————–|
• Minimum issuing age: 18 years
• Maximum issuing age: 59 years
• Health details required