Branch office of
Life Insurance Corporation (International) BSC (c)
Contact: Tel: (+971) 4 335 4858 Fax: (+971) 4 335 4684
E-mail : mail@licinternationaluae.com
Branch office of
Life Insurance Corporation (International) BSC (c)
Contact: Tel: (+971) 4 335 4858 Fax: (+971) 4 335 4684
E-mail : mail@licinternationaluae.com
CGI
CAPITAL GUARANTEED INSURANCE (Single Premium Participating Endowment Assurance # 240)
MATURITY
On maturity of the policy, the life assured receives the sum assured with accrued bonus on the date of maturity.
DEATH
In the event of unfortunate death before the date of maturity, sum assured with accrued bonus is paid to the nominee.
OTHER FEATURES OF THIS PLAN
ACCIDENT
DEATH/DISABILITY
BENEFIT
A nominal addition (of one per thousand sum assured for Full Term) to your premium entitles you to additional special benefits as described below subject to certain conditions.
a) The cover under the life policy is doubled in case of death due to accident. The maximum Double Accident Benefit payable is US$ 100,000.
b) In case of permanent and total disability arising out of accident;
1 All future premiums are waived.
2 An additional amount equal to the sum assured will be paid in 120 equal monthly installments spread over 10 years.
3 Moreover, whenever the policy matures or death claim arises, the original sum assured with vested bonuses will be paid, along with unpaid installments of disability benefits if any.
LOAN
FACILITY
You can raise a loan on the security of the policy after the policy has acquired paid-up value by payments of premiums atleast for 3 years for full term policies and 2 years for limited term policies, from the date of commencement. The maximum loan amount will be 90% of eligible surrender value and payable in half-yearly installments at the prevalent rate of interest.
In case of Single Premium policies, loan can be availed after 2 years from the date of commencement of the policy.
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DISCLIAMER
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