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
PTA
PURE TERM ASSURANCE
This is a without profit term insurance plan with high cover and regular premium payments. It provides financial protection against death throughout the term of the plan. Features and other conditions of the plan are as under:
LIFE COVER
The Sum Assured is payable in a lump sum on death of the life assured during the policy term.
PAID-UP VALUE
If atleast 2 full years premium have been paid, and subsequent premium within a grace period is not paid then the policy is converted into a reduced paid up policy. The company as per the approval of the regulator will then reduce the sum assured under the policy to such a sum as shall bear the same ratio to the full sum assured as the number premiums actually paid shall bear to the total number originally stipulated for in the policy. The policy so reduced shall thereafter be free from all liability for payment.
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.
(c) licinternationaluae.com - All Rights Reserved
DISCLIAMER
Insurance is a matter of solicitation and the information contained in this site is only intended as general information. It is not necessarily a complete description of all the terms, exclusions and conditions applicable to the products and services offered by LIC (International) BSC (c), and does not constitute financial or insurance advice. You are requested to contact our office for any of your particular insurance needs or for any specific information.
While reasonable efforts have been made to ensure that all electronic information made available is current, complete and accurate, all such information is provided to you "as is" and "as available" without warranty of any kind. LIC (International) BSC (c) and/or Kingstar Insurance Agencies LLC do not warrant the accuracy of the information. LIC (International) BSC (c) and/or Kingstar Insurance Agencies LLC will not accept responsibility for any omissions, inaccuracies and typographical errors, any interruption or delay in access to this site or for any loss incurred from the use of this web site or by downloading materials from it. No warranty regarding non-infringement, security or freedom from computer viruses is given in conjunction with such information and materials.
Kingstar Insurance Agencies LLC reserves its right to correct any part of the said content at any time as and when required at its sole discretion, without prior notice.
By accessing this site, you do so on your own initiative. LIC (International) BSC (c) or Kingstar Insurance Agencies LLC or their representatives, agents or employees cannot accept responsibility for any direct or indirect damages that may result from your access to this site or another site connected by a hyperlink from www.licinternationaluae.com No warranty of any kind is given for the use of such linked sites or for the products or services offered by the sponsors of these sites.
Though LIC (International) BSC (c) and Kingstar Insurance Agencies are committed to respect the privacy of your personal information, we cannot guarantee privacy of any information you provide on this site. Any information you provide on this site is at your own risk and LIC (International) BSC (c) or Kingstar Insurance Agencies LLC will not be responsible for any damages you or others may suffer as a result of loss of confidentiality of any such information.