Accidental Death Benefit.
OTHER BENEFITS PAYABLE
Money is payable on the occurrence of:-
Terminal Illness Benefit
50% of the basic sum assured upon approval by the company’s chief medical doctor. The remaining 50% of the basic sum assured at the time of death. Requirements: The plan has to be in force for a minimum of two years prior the diagnosis. The diagnosis should predict death within six (6) months.
Accidental Disablement Benefit
The amount payable will be a percentage of the Accident Sum Assured, which is equal to the Basic Sum Assured at issue, if you became disabled, as a result of accident, before age 65 or the policy’s fifth anniversary, whichever is later.
Total and Permanent Disability Benefit
The amount payable will be 100% of the Accident Sum Assured if you became totally and permanently disabled as a result of an accident, provided there was no previous claim.
In-Hospital Accidental Benefit
The amount payable will be 10% of the Accident Sum Assured if you were hospitalized and charged, for at least seven days.
You will be entitled to two claims under this benefit over the life of your policy. However, there must be at least 12 months between the two claims and the injuries resulting in the claims must be unrelated.
Safe Ride, Drive and Fly Benefit
The amount payable will be an additional 25% of your Accident Benefit if you suffered permanent disability:
- While wearing a seatbelt when traveling in a motor vehicle operating under the Road and Traffic Act.
- While flying as a fare-paying passenger in an aircraft operated by any recognized airline.
- While wearing an approved protective helmet when riding a motor cycle.
Maximum benefit payable
The maximum benefit payable for accident shall not exceed the accident sum assured.
Accidental Death Benefit
The accidental death benefit can be added as a rider to the Guardian Angel Policy. The maximum benefit available is 50% of the basic sum assured or $500,000.00, whichever is less.
Limited Payment
This plan will require premium payments for only 20 years. However, the coverage will remain for life. If the life assured choose to surrender the plan after 20 years, the value will be 50% of the coverage at that time.
