Untitled Document
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Asha
Deep
Suitabile
A long felt need to have some coverage for illness is met by this
plan with benefits. Through this plan costly medical expenses can
be met by having a provision made. Persons who are in age group
18-50 years can avail of this plan. |
Features
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Sum assured with vested bonuses are payable
either on date of maturity or on earlier death.
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If the life assured, during the term of
the policy, is afflicted by any illness (as detailed below),
50% of the sum assured is payable immediately.
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If the life assured is afflicted by any
major ailment as listed below and a claim is admitted, the premiums
falling due under the policy will be waived.
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The policy is available
for terms 15, 20 and 25 years.
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Benefits
- Sum assured along with with vested bonuses
are payable either on date of maturity or on earlier death.
- Coverage for 4 major ailments
- During the term of the policy, if the life
assured
undergoes coronary artery bypass surgery or
undergoes regular haemodialysis or kidney transplant or
Is afflicted with cancer or
suffers a paralytic stroke causing total physical disablement
of two or more limbs persisting to three months after the stroke,
then
50% of sum assured payable immediately on admission of claim
and also 10% of sum assured is payable for each year till date
of maturity or death, whichever is earlier.
50% i.e. balance along with vested bonuses is payable on the
date of maturity or on earlier death.
Once the claim is admitted for sickness as detailed above, eligibility
for the Basic sum assured payable either on death or survival
ceases.
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Other Conditions
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Minimum age at entry: 18 years
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Maximum age at maturity: 65
years
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Minimum sum assured Rs.50,000
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Maximum sum assured Rs 300,000
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Minimum premium must be Rs.800
per annum
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Sickness benefits are available
only once during the policy.
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A lien is imposed for a period
of 1 year, wherein Benefits detailed under heading "Coverage
for 4 ailments" are excluded for 1 year. If the life assured
is afflicted any one of the above mentioned ailments during
this period, then the life assured is not eligible for these
policy benefits. The policy is itself altered as an Endowment
Assurance for the same terms and premiums charged accordingly.
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Even if the sickness benefits
are availed the accident benefit continues.
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Standard lives and sub-standard
class 1 and 11 lives are eligible for the plan. Similarly, only
female lives category 1and 11 are allowed to take this plan.
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Standard age proofs have
to be submitted.
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