Option 1: Life Promise
The Life Promise Option offers customizable and comprehensive protection for your family’s financial security. With enhanced coverage options, this plan provides continuous support.
- Tailored Coverage: You can choose the base sum assured (SA) at the time of purchase, subject to underwriting eligibility.
- Death Benefit Assurance: If the policyholder dies during the policy term, then the nominee will receive the stipulated death benefit. This amount is the sum assured at the time of death minus any accelerated benefit payout. The policy is terminated after the death benefit is paid.
- Payor Accelerator Benefit: This benefit provides financial relief upon a terminal illness (TI) diagnosis. All your future premiums are waived, and you will receive 50% of the base sum assured as a lump sum to manage immediate expenses.
- Maturity Benefit: If the policyholder survives till maturity, no additional benefit is payable, and the policy terminates.
- Option 1: Life Promise
- The Life Promise Option offers customizable and comprehensive protection for your family’s financial security. With enhanced coverage options, this plan provides continuous support.
- Tailored Coverage: You can choose the base sum assured (SA) at the time of purchase, subject to underwriting eligibility.
- Death Benefit Assurance: If the policyholder dies during the policy term, then the nominee will receive the stipulated death benefit. This amount is the sum assured at the time of death minus any accelerated benefit payout. The policy is terminated after the death benefit is paid.
- Payor Accelerator Benefit: This benefit provides financial relief upon a terminal illness (TI) diagnosis. All your future premiums are waived, and you will receive 50% of the base sum assured as a lump sum to manage immediate expenses.
- Maturity Benefit: If the policyholder survives till maturity, no additional benefit is payable, and the policy terminates.
Shield your family beyond the ordinary with Life Plus Options that go beyond life insurance. Enjoy a guaranteed maturity payout, ensuring your investment is preserved and your coverage remains intact!
- Customized Protection Plan: When you purchase your policy, you can choose the amount of coverage (Base Sum Assured) that best suits your family’s needs.
- Comprehensive Death Benefit: If the policyholder dies during the policy term, then the nominee will receive a payout known as the death benefit. This amount is calculated based on the effective sum assured, which considers your initial Base Sum Assured and any additional coverage options you have selected minus any payor accelerated benefit payout. Once the death benefit is paid, the policy will terminate.
- Flexible Coverage Enhancements: Increase your coverage with the life stage or top-up sum assured options. These enhancements are included in the effective sum assured for death benefit calculations.
- Financial Support During Illness: When you face a terminal illness, you are eligible to receive a lump sum payment that equates to 50% of the base sum assured upon confirmation of a terminal illness.
- Future Premium Waiver: If a terminal illness claim is accepted, all future premiums are waived, allowing the policy to remain in force for the remaining benefits without financial strain.
- Guaranteed Maturity Payout: Upon surviving the policy term, you will be provided with 100% of the total premiums paid (excluding loading for modal premiums and discounts) for the benefit option and any opted Cover Enhancement Options, ensuring your investment is returned and your coverage continues.
- A term insurance plan is a type of a life insurance that provides comprehensive coverage to safeguard the financial future of your loved ones. In case the policyholder passes away during the policy term, the nominee will receive a death benefit amount.
- Term Insurance plans are affordable, and the premium amount is less if you buy at a younger age. Term insurance plans are a must-have for anyone who is a breadwinner for their family and has loved one’s dependent on their income.
A Term Insurance Plan is ideal for:
- Individuals looking for a simple and affordable insurance plan to secure their family’s financial future.
- Have dependents like a spouse, children, or aging parents to take care of.
- Those who want to cover financial liabilities like a home loan, education loan, or any other debts.