The salient features of the plan are as follows:
Optional Rider Benefit
In this plan, insured can avail following riders up on payment of nominal additional premium:
Policy holder can avail following optional rider benefits up to the limit of Rs. 1,00,00,000 not exceeding basic sum assured:
In case of death of life assured due to accident during premium term, the company shall pay additional sum assured (Maximum sum assured for the rider is NRs. 1,00,00,000/- or basic sum assured whichever is lower) to the nominee of life assured.
In case of permanent total disability of insured due to accident during premium term, remaining premium will be waived and disability benefit will be paid up to 10 years. Maximum sum assured for both of these riders is NRs. 1,00,00,000/- or basic sum assured whichever is lower. ADB rider is compulsory to avail PTD+PWB rider.
Critical Illness Coverage (CI):
This rider covers 11 critical illnesses throughout the premium paying term upon payment of nominal additional premium. Upon diagnosis of the critical illness, up to 50 lakh ( Basic sum assured or 50 lakh, whichever is lower) will be paid to the insured after survival period of 30 days. There will be waiting period of 90 days in this rider. To avail CI cover, minimum entry age is 16 and maximum maturity age is 65.
11 critical illnesses covered by CI are:
|Discounts On Sum Assured||Discount On Payment Mode|
|NRs. 5, 00, 001 and above – NRs. 2||Yearly – 2%|
|NRs. 3, 00, 001 to 5, 00, 000 – NRs. 1||Half-Yearly – 1%|
|NRs. 1, 00, 000 to 3, 00, 000 – No Discount||Quarterly – No Discount|
Critical illness coverage is an optional rider which covers 11 critical illness throughout the premium paying term upon payment of nominal additional premium. Upon diagnosis of the critical illness, up to 50 lakh (Basic sum assured or 50 lakh, whichever is lower) will be paid to the insured after survival period of 30 days. There […]
The plan is a non-participating term assurance plan. It provides pre-decided sum assured to the beneficiary on death of the life assured during the policy period. To cover high risk in low premium is the specialty of this product. Salient Features: Minimum Age at Entry: 16 years (Nearer Birthday) Maximum Age at Entry: 65 Years […]