Benefit Descriptions
Death Benfit
In case of death of the Life Assured during the Policy Term, provided all due premiums have been paid, the nominee will receive 100% of the Death Benefit Sum Assured in a lump-sum. The Policy will terminate on payment of this benefit.
Accidental Death Benefit
In addition, if death happens due to an accident, the nominee will receive an additional lump-sum payout equal to the Accidental Death benefit Sum Assured opted for. The Policy will terminate on payment of this benefit.
Death & Terminal Illness Benefit
100% of the Death benefit Sum Assured will be paid in a lump-sum on the first occurrence of either of the following:
- Death of the Life Assured, or
- Diagnosis of Terminal Illness of the Life Assured
Waiver of Premium on Permanent Disability due to Accident
All future outstanding premiums under the policy following the date of diagnosis will be waived off in case the Life Assured is diagnosed with Permanent Disability due to an accident.
Critical Illness Benefit
- Basic
In case of diagnosis of any of the 10 Critical Illnesses mentioned below, 100% of the Critical Illness Sum Assured opted for will be paid in a lump-sum. The Policy will continue for the other benefits available under the plan option and all the future policy premiums will be waived off. The following Critical Illnesses are covered under Life & Health option:
- Cancer of specific severity (malignant tumour)
- First Heart Attack - of Specific Severity (Myocardial Infarction)
- Open Chest CABG (Coronary Artery Bypass Grafting)
- Open Heart Replacement or Repair of Heart Valves
- Coma of Specified Severity
- Kidney Failure Requiring Regular Dialysis
- Stroke Resulting in Permanent Symptoms
- Major Organ / Bone Marrow Transplant (as recipient)
- Permanent Paralysis of Limbs
- Motor Neurone Disease with Permanent Symptom
- Enhanced
In case of diagnosis of any of the 36 Critical Illnesses mentioned below, 100% of the Critical Illness Sum Assured opted for will be paid in a lump-sum. The Policy will continue for the other benefits available under the plan option and all the future policy premiums will be waived off. The following Critical Illnesses are covered under Life & Health Plus option.
- Cancer of specific severity (malignant tumour)
- First Heart Attack – of Specific Severity (Myocardial Infarction)
- Open Chest CABG
- Open Heart Replacement or Repair of Heart Valves
- Coma of Specified Severity
- Kidney Failure Requiring Regular Dialysis
- Stroke Resulting in Permanent Symptoms
- Major Organ / Bone Marrow Transplant (as recipient)
- Permanent Paralysis of Limbs
- Motor Neurone Disease with Permanent Symptoms
- Multiple Sclerosis with Persisting Symptoms
- Alzheimer’s Disease
- Aorta Graft Surgery
- Deafness
- Blindness
- Loss of Limbs
- Loss of Speech
- Coronary Artery Disease
- Aplastic Anaemia
- End Stage Lung Failure
- End Stage Liver Failure
- Third Degree Burns
- Fulminant Viral Hepatitis
- Primary (Idiopathic) Pulmonary Hypertension
- Bacterial Meningitis
- Benign Brain Tumour
- Apallic Syndrome
- Parkinson’s Disease
- Medullary Cystic Disease
- Muscular Dystrophy
- Systemic Lupus Erythematous
- Major Head Trauma
- Poliomyelitis
- Progressive supranuclear palsy
- Encephalitis
- Progressive scleroderma
If any critical illness results in terminal illness, then both the benefits would become payable under a valid claim.
Life Stage Option
Apart from the four options shown in the table above, the insured has a fifth option called Life Stage Option. Under this option, the insured will have the option to increase the Death Benefit Sum Assured of your Policy on happening of any one or all of the following events, subject to:
| Event |
Additional Sum Assured as % of Original Death Benefit Sum Assured |
| Marriage (One Marriage Only) |
50% |
| Birth/Adoption of 1st Child |
25% |
| Birth/Adoption of 2nd Child |
25% |
| Maximum - No limit, subject to underwriting |
On exercise of this option, the Policy Premium shall be increased by the premium corresponding to the Additional Death Benefit Sum Assured opted for, the attained age and outstanding Policy Term. The increase in Death Benefit Sum Assured under this option will be subject to our prevailing Board approved underwriting policy. This benefit is available only under the first plan benefit option “Life Plan”.
