Details of Living Benefits and Riders

 

ACCIDENTAL DEATH BENEFIT (ADB)

Our Accidental Death Benefit is payable as a lump sum, within 180 days consequent to an accident that should befall the policyholder. Additionally, up to 6 times the basic sum assured can be obtained as benefit.

TOTAL & PERMANENT DISABILITY BENEFIT (TPDB)

Our Total and Permanent Disability Benefit is designed to cover any total & permanent disability of the policyholder as a result of an accident, within 180 days. This benefit is payable up to 60% in the 1st year and 10% in each of the following 4 years .  Additionally up to 6 times the basic sum assured can be obtained as benefit.

PARTIAL & PERMANENT DISABILITY BENEFIT (PPDB)

Our Partial and Permanent Disability Benefit, provides an additional payment to the policyholder, should he become partially and permanent disabled as a result of an accident. According to the severity of the disability, a percentage of the sum assured is payable, within 180 days. Additionally, up to 6 times the basic sum assured can be obtained as benefit.

ADDITIONAL TERM PROTECTION BENEFIT (ATPB)

Our Additional Term Protection Benefit is a life cover that can be added to a basic policy. This benefit is payable on death (Accidental or Natural) within the policy term, up to 10 times the basic sum assured.

FUNERAL EXPENSES BENEFIT (FEB)

Our Funeral Expenses Benefit makes provision for funeral expenses, in the event of the demise of policyholder.

FAMILY INCOME BENEFIT (FIB)

Our Family Income Benefit provides the family of the policyholder, with an agreed monthly income. An amount equal to the Family Income Benefit sum insured is payable monthly until the expiry of the Policy.

SPOUSE COVER BENEFIT (SCB)

Our Spouse Cover is an economical way of extending life cover to the spouse of the policyholder. The sum assured becomes payable in the event of the death of the spouse, during the term of the policy.

WAIVER OF PREMIUM BENEFIT (WPB)

In the case of total and permanent disability, due to an accident or sickness, we will maintain the policy at no cost to the policyholder. This benefit is designed to waive off future Premiums of the main policy. This benefit is to waive off premiums does not apply to rider premiums.

CRITICAL ILLNESS BENEFIT

Our Critical Illness Benefit provides cover for 25 listed critical illnesses. The sum assured will be paid on diagnosis or after the operation of any of the critical illness specified. Only one claim will be paid during the term of the policy with a maximum limit up to LKR 6 million.

The list of Critical Illnesses Covered is as follows;

• Heart Attack
• Stroke
• Coronary Artery (Bypass) surgery
• Cancer
• Renal Failure
• Surgery of the disease of the Aorta
• Heart Valve Replacement
• Major organ Transplantation
• Paralysis (sickness related)
• Blindness (sickness related)
• Coma
• Heart Valve Surgery
• Apallic Syndrome
• Pulmonary Arterial Hypertension
• Chronic Lung Disease
• Fulminant Viral Hepatitis
• Multiple sclerosis
• Motor neurone Disease
• Deafness (sickness related)
• Loss of speech
• Angioplasty (PTCA)
• Benign Brain Tumour
• Major Burns
• Chronic Liver Disease
• Muscular Dystrophy