Jeevan
Asha
Suitabile
This plan has been specially designed to provide amount for meeting
expenses relating to sickness and surgical treatment apart from
normal policy benefits.
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Salient Features
- The plan is available under Option 1 or 2 detailed
below.
- Full sum assured is payable on death irrespective
of payments made earlier under the options.
- Fixed benefits for surgical treatment two times
provided the first time was for minor surgery.
- An exclusive double / triple accident benefit
cover available.
- Persons who already have Jeevan Asha Plan can
switch over to this plan and avail of more surgical procedures.
- Policy available for 15, 20 and 25 years.
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Benefits
On Survival
Option I
The Life assured can receive 2% of the sum assured at the end of
every two years. First such payment on completion of 3 years of
the policy from the Date of commencement. These benefits are payable
even after getting fixed benefits in case of any surgery.
Option II
Enhanced lump sum amounts are payable to the life assured to meet
any health emergency during the term. This can be availed of two
times during the term of the policy. Once this option is exercised,
it cannot be changed later.
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Payment
towards certain surgical procedures
If the life assured undergoes any major or minor surgery within
the term, he receives 20% or 50% of sum assured depending on whether
surgery is minor or major. This is subject to production of pre
or post-operative evidence.
This benefit is available only once during the term while policy
is in force. If the first claim is towards a minor surgical procedure,
Life assured is eligible for yet another benefit, provided the same
is specified in the list and surgery takes place after one year
from the date of first surgical procedure.
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Benefits on Maturity
Basic sum assured + Guaranteed Additions fixed at Rs.70 per annum
for each completed year + Loyalty additions.
This amount is subject to deduction of amounts paid towards earlier
survival benefits and surgical benefits.
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On Death within the Term
In the event of the death of the life assured within the policy
term, sum assured along with accrued guaranteed additions and loyalty
additions, if any, will be payable in full. Earlier benefits paid,
if any, will not be deducted.
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Double/triple accident Benefits
The proposer has an option to choose exclusive additional amount
payable on death due to accident. The amount can be double the sum
assured or triple the sum assured. This benefit can be secured on
payment of an additional Rs. 1 or Rs. 2 respectively per Rs. 1000
sum assured.
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Exclusions
Any surgical intervention performed for diagnosis or treatment of
malignant condition.
Any endoscopic intervention that cannot be confirmed with obvious
scar of operative procedure.
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Other Conditions
- Minimum age at entry: 18 years completed.
- Maximum age at entry: 50 years.
- Maximum age at maturity: 65 years.
- Minimum sum assured : Rs. 50,000.
- Maximum sum assured: Rs. 300,000 (this includes
sum under the policy taken in the Jeevan Asha Plan 1).
- Terms : 15, 20, 25 years.
- Minimum premium must be Rs.800 per annum
- Fixed amounts of benefit is payable irrespective
of actual expenses. Premiums are to be continued after surgery.
- Lien operates for 1 year from the date of risk
and ending one year from the date of the policy.
- Double/Triple Accident Benefits. An additional
Re. 1 or Rs. 2 per Rs 1000 sum assured has to be paid to secure
this benefit.
- Certain Medical requirements are mandatory for
considering the proposal. Example ECG, BST, CBC/ESR, X-ray of
chest/PA view.
- Major or minor surgical procedures are
listed.
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