Life, as we know, is full of uncertainties. And to keep ahead of them, you need to plan ahead. Adamjee Life Money Back is a term life insurance Plan that offers comprehensive and affordable coverage for a limited period of time to suit your requirements. Keeping in mind your life protection needs we have devised a plan that gives you and your family complete peace of mind and round the clock protection, Money back life assurance provides you complete life coverage and also protects you and your loved ones in case of any unforeseen tragedy that might leave you unable to work.
God forbid if your family has to live in a world without you, you can be assured that they will have a substantial amount to take care of themselves and manage their lifestyle. And to top it all after the plan term ends you even have the option to get half your premiums returned or get free life protection coverage for the next 5 years.
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