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The Maximum Protector is a non-medical plan that provides a flexible approach to your personal financial planning needs. The plan is issued to persons between the ages 18 and 60.
The Maximum Protector provides:
a) Critical illness lump sum cash benefit in the event you are diagnosed with:
While advances in medicine may mean that you are likely to survive for some time after being diagnosed with one of these conditions, coping with a critical illness will not be cheap. The technology that may save your life can destroy your financial well-being. Recovery is often lengthy and expensive, involving loss of income in addition to the costs of treatment. The lump sum paid by the Maximum Protector is tax-free and will help to ease your financial worries while you undergo treatment and recuperate.
b) Life insurance coverage
50% of the sum insured chosen for the critical illness lump sum cash benefit referred to above
c) Accidental dismemberment and in-hospital benefit
In the event that the life insured suffers loss arising from an accident, a cash benefit will be paid in accordance with the following schedule:
Event | Benefit |
Total and permanent disability | 50% of the Sum Insured |
Loss of two or more members | 50% of the Sum Insured |
Loss of one member | 25% of the Sum Insured |
Loss of thumb | 10% of the Sum Insured |
Loss of index finger | 7.5% of the Sum Insured |
Loss of any other finger | 5% of the Sum Insured |
Admission to a hospital for at least 7 days | 5% of the Sum Insured |
*Conditions apply
The total amount payable in respect of Accidental Dismemberment and In-hospital Benefits is 50% of the sum insured. However, the policy remains in force provided that premiums continue to be paid under the terms of the contractual agreement.
The loss of a member is defined as loss of one hand or foot, either severance or total paralysis for a period of at least 12 months or the total and irrecoverable loss of sight in one eye.
The hospital benefit is available twice during the life of the policy; must be for unrelated conditions and should be separated by at least 12 months.
d) Future cash values
You have the option to pay Regular Investment Premiums into an Accumulated Fund and receive strong and competitive investment returns. Ninety-one percent (91%) of each Regular Investment Premium is invested into the Accumulated Fund. Interest is credited each month to the Accumulated Fund as determined by the company from time to time.
e) Life insurance coverage for your children
For an additional premium, the life insured may choose to purchase insurance on the life of any named child who is below age 18 years, at the time of application. This rider pays a benefit of 25% of the sum insured chosen for the critical illness lump sum cash benefit, in the event of death of the child. The rider terminates:
Premiums are paid in accordance with the conditions outlined for the life insured.
