Guardian Life Limited today launched a new product, Guardian Care Plus, which will revolutionise life insurance protection against critical illnesses. The product was launched at the Half Moon Hotel, Montego Bay during one of Guardian Life’s regional community meetings Life Talk.
Guardian Care Plus is a non-medical plan which covers ten major illnesses - blindness, coma, paralysis, multiple sclerosis, deafness and loss of speech, cancer, stroke, major burns and heart attack.
It features, with conditions:
- Payment of a lump-sum cash benefit of a maximum of $1.5M on first diagnosis of any of these illnesses.
- A death benefit of a maximum of $1.5M if death occurs as a result of any of the critical illnesses covered under the plan if no previous claims had been made.
- Refund of premiums at expiration of the policy, if no previous claims were made
In commenting on the launch of the plan, Eric Hosin, Senior Vice President of Individual Life Operations said, “We have developed this product to spread a wider net of coverage for Jamaicans who have found existing policies on the market to be too restrictive. Health trends and customer feedback have confirmed the need for this product. Ultimately, Guardian Life wants people to focus more on getting and staying well instead of worrying about the costs of health care, should or when they face a critical illness,� said Eric Hosin, Vice President Individual Life Operations.
Guardian Care Plus has a range of benefits including a refund of all premiums paid at the expiry date of the contract if no claims were made during the life of the contract. An ambulance benefit allows access to a maximum of $5,000 if, as a result of the first diagnosis of any of the covered illnesses; the insured person was transported in an ambulance to hospital. The policy can be issued to persons between the ages of 18 and 60 years and has a minimum sum assured of $500,000.
Guardian Life also has the Guardian Care product, which provides a lump sum cash benefit upon first diagnosis of 4 illnesses; Cancer, Stroke, Major Burns and Heart attack.
Guardian Life Ltd is a leading life insurance company which offers individual and group life insurance, medical insurance by way of its Medecus brand, retirement schemes personal accident coverage and annuities. Life insurance plans are sold via its network of sales representatives who are connected to branches in Montego Bay, Kingston, Mandeville and Ocho Rios.
