Policy Benefits
Life Benefit
This benefit provides You with a great way to protect and build a nest egg for Your family.
In the unfortunate event of Your passing on, the selected Sum Assured and the value of the Investment Fund becomes payable to the Beneficiary or appointed administrator to Your estate.
This benefit enables Your family to continue to live on as it provides them with the much needed capital with which to carry on.
These terms apply even to the Spouse Benefit explained below. For accidental causes of death, however, 100% of the Sum Assured is paid as benefit at any time.
Spouse Funeral Benefit (SFB)
A spouse funeral benefit is embedded in the product and is limited to 10% of Your Sum Assured. All the terms on the life benefit apply to this benefit in the same proportions.
Investment Fund
You have the option to add an investment component to Your plan. The Investment Fund is accumulated from investments contributions made on the plan, less charges plus investment income accrued to You.
Waiver of premium on Permanent Disablement of the Policyholder (TPD Waiver)
This will be an optional rider that You can choose to add to Your plan. We will pay premiums on Your behalf until Your passing if You were to become totally and permanently disabled.
Medical treatment
A life assured who has an accident or injury or contracts any illness must as soon as possible procure proper medical attention and carry out and follow in full the medical instructions and advice given. Failure to do so will invalidate the potential claim.
Physical Impairment
The life assured will be covered for any incidents of a permanent nature that result in specific physical impairment. The following disablements will be considered:
- Loss of or Loss of Use of One arm, hand, leg or foot
- Complete and irrecoverable Loss of all sight in one or both eyes
Waiver of premium on Policyholder being diagnosed with a Critical Illness
This will be an optional rider that You can choose to add to Your plan. We will pay premiums on Your behalf until Your passing if You were to be diagnosed with any one of the following Critical Illnesses:
- Heart Attack
- Stroke
- Coronary Artery Disease Requiring Surgery
- Cancer
- Prostate Cancer
- Leukaemia
- Brain Tumours
- Coma
- Kidney Failure
