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Life Insurance is protection against the risk of unexpected Death or Disability, more specific against the timing of such risk as Death is certain.
To compensate against Emotional and Financial loss to deceased family, which may help in community welfare. It provides the following essentials:
Life Department hotline contact number 37111733 for immediate response.
Critical Illness assurance is an important means to provide financial relief for persons diagnosed with
the dreaded diseases. On one hand person’s earning capacity diminishes and, in some cases, lost totally while on the
other hand, expenses mount on account of special care, diet and physical support needed. A family which faces such
calamity requires every help to cope and deal with the situation. Critical Illness policies are vitally important as
they support families and secure their financial stability during the worst of times.
Critical Illness insurance is relatively cheap and straightforward. You insure yourself for a fixed sum at the
outset and the sum is paid out on the diagnosis of one of the 12 conditions listed in the policy.
The cover helps you maintain and protect your pre-illness lifestyle through the time it takes for you to recover.
The lump-sum payments could be any way you see fit. This can mean covering extra health care bills, alternative
medicine, business expenses, debt repayment, home modification or treatment abroad – it is your choice.
Critical illness assurance pays a lump sum on diagnosis of any one of the serious illnesses listed below:
- Sum Assured options available are:
- Maximum period of cover is 5 years, after which the insurance can be renewed.
- Premium payment options are:
- Premium start from BD 20/-.
- Claims are payable up to the age of 65 only (maximum age for claiming).
For more details, assistance or advice, please call one of our staff as mentioned bellow:
Insurance coverage for Individuals and Groups (policy holder) covering guardians / sponsoring parent on
Annual basis (insured) against Death / Total Disability. Beneficiary is the remaining parent / child. It will help customer
retention in case of adverse event where guardian / sponsoring parent dies
Indeed in case of Death / Total Disability, the benefit paid corresponds to the sum of future annual fees for the child’s
remaining years in school until end of secondary (before university). We pay agreed compensation “We pay lump sum to the child remaining guardian”
or to school (policy holder) and they relay to beneficiaries.
1) Is benefit sum insured fixed for each year, or can be modified ?
2) Is Rate is fixed as per student age ?
3) How does agreed compensation “We pay lump sum to the child remaining guardian” works in the following cases ?