Main Features
Appended below are the policy features:-
Benefit Details of Cover
Death The insurance company shall pay the outstanding debt and
interest as at date of death due to natural or accidental
causes.
Total Permanent A member rendered totally and permanently incapacitated by
Disability injury or illness from his usual occupation, the insurance
company shall pay the principal loan outstanding and accrued
interest
Critical Illness An insured person being diagnosed for the first time with any
one of the following conditions; cancer, heart attack, stroke,
kidney failure, coronary artery bypass surgery, paraplegia, and
major organ transplant, the insurance company shall pay 100%
of outstanding loan and interest up to the maximum amount
specified in the policy.
Retrenchment/Loss In the event of retrenchment or loss of income, the insurance
of Income company shall make payment of six (6) or nine (9) months
installments immediately upon retrenchment or proven loss of
income arising from damage/loss of financed asset/business
Free Cover Limit Refers to the maximum amount payable without need for
medical examination.
Extensions AIDS/HIV and pre-existing conditions
Political Violence and Terrorism
Enhanced age limit