For all Policies, subject to terms and condition of claims, company will pay the Aeroplane Cover Sum Insured if the relevant Life Insured dies:

Directly, solely and independently of all other causes, from bodily injury due to external, visible and accidental means within 90 days of a fixed wing aircraft accident occurring, while the relevant Life Insured was a fare paying or ticket holding passenger travelling in a fully licensed aircraft of a registered and regulated airline or charter service.

An Aeroplane Cover claim will only be considered in conjunction with an associated Life Cover claim. Claims are paid in addition to any other Benefits under this Policy payable for the same Claim Event.

The Aeroplane Cover Sum Insured is shown in your Policy Schedule.

Single life Policies:

Only one Aeroplane Cover claim is payable, and on payment of the claim the Policy ends.

Joint life first death Policies:

Only one Aeroplane Cover claim is payable, on the death in an aircraft accident of the first of the Lives Insured to die as defined in policy condition of Aeroplane Cover. On payment of the claim the Policy ends.

Joint life last death Policies:

Only one Aeroplane Cover claim is payable, on the death in an aircraft accident of the last of the Lives Insured to die as defined in the policy condition of Aeroplane Cover. On payment of the claim the policy ends.

Joint life both death Policies:

An Aeroplane Cover claim is payable separately on the death of each Life Insured in an aircraft accident as defined in policy condition of Aeroplane Cover. The Policy ends on the payment of the second Aeroplane Cover claim.

Since this is a compulsory cover, there is no explicit charge for Aeroplane Cover; it is included within the cost of Life Cover.

• Since it is a free cover, there is no additional premium to be paid
• Perfect for everyone, this rider gives piece of mind when people need it the most.

 

• The complete information given above is based on the Zurich Futura - Policy Terms & Conditions. The terms and conditions vary from product to product and company to company. You should read and understand the terms and conditions of each product of every company before taking a decision. We are not responsible to the errors and omissions made by any customer on making a decision for buying a product after reading the contents of this website.
• The Aeroplane Cover Sum Insured can be reduced or fully extinguished as a result of claims for Terminal Illness Benefit, Cancer Cover and/or Critical Illness Benefit.
• Where there are multiple Policies for the same Life Insured that include this Benefit, the maximum amount payable under all Policies for the same Claim Event for this Benefit cannot exceed USD1 million, or currency equivalent determined by the company at the time.
• Where the Policy does not end as a result of an Aeroplane Cover claim, company reserve the right to deduct an amount from the Policy Value to contribute towards the claim payment.
• Aeroplane Cover is a whole of life Benefit and has no termination date.

This Benefit is not available to joint life last death Policies.

Claims under this Benefit will only be accepted where the Claim Event occurs 90 days or more after:

• The risk commencement date, or
• The date of reinstatement of the Benefit, or
• The date of any increase to the Benefit (this only applies to the increased Benefit amount), or
• The date the Benefit is added to the Policy

For all Policies except to joint life last death Policies, subject to terms and condition of claims and the 90 day qualifying period, company will pay the appropriate amount of the Cancer Cover Sum Insured if the relevant Life Insured is diagnosed with an illness, or undergoes a medical procedure as set out in the Cancer Cover definitions below. Cancer means any one of the following:

• Benign brain tumor – resulting in permanent symptoms

 

A non-malignant tumor or cyst in the brain, cranial nerves or meninges within the skull, resulting in permanent neurological deficit with persisting clinical symptoms.

The requirement for permanent neurological deficit with persisting clinical symptoms will be waived if the benign brain tumor is surgically removed.

For the above definition, the following are not covered:

• Tumors in the pituitary gland;
• Angiomas.

 

• Cancer – excluding less advanced cases

Any malignant tumor positively diagnosed with histological confirmation and characterized by the uncontrolled growth of malignant cells and invasion of tissue.

The term malignant tumor includes leukemia, sarcoma and lymphoma except cutaneous lymphoma (lymphoma confined to the skin).

For the above definition, the following are not covered:

All cancers which are histologically classified as any of the following:

• Pre-malignant;
• Non-invasive;
• Cancer in situ;
• Having either borderline malignancy: or
• Having low malignant potential.
• All tumors of the prostate unless histologically classified as having a Gleason score of 7 or above or having progressed to at least clinical TNM classification T2bN0M0.
• Chronic lymphocytic leukemia unless histologically classified as having progressed to at least Binet Stage A.
• Any skin cancer (including cutaneous lymphoma) other than malignant melanoma that has been histologically classified as having caused invasion beyond the epidermis (outer layer of skin).
• All papillary thyroid tumors unless having progressed to at least tumor size T2 or histologically classified as having caused invasion in the lymph nodes or spread to distant organs.

 

• Ductal Carcinoma in Situ of the Breast – with specific treatment (Partial Payment)

 

• Company will pay the lower of 12.5% of the Cancer Cover Sum Insured shown in the Policy Schedule (or any subsequent endorsement), or USD 20,000 (or currency equivalent determined by us), if the Life Insured is diagnosed with a Ductal Carcinoma in Situ (DCIS) of the breast, which is histologically confirmed, and as a result requires total mastectomy, segmentectomy or lumpectomy. The need for the procedure must be confirmed by an oncologist or a breast surgeon.
• DCIS of the breast treated by other methods and lobular carcinoma in situ of the breast are specifically excluded.
• This Benefit is only payable once in the Policy lifetime and after payment, the Cancer Cover Sum Insured and Life Cover Sum Insured will be reduced by the amount of the payment.

 

• Children's Cancer Cover

 

• Your Children are also covered for the conditions listed below at no extra cost. Children's cancer cover applies from each Child's first birthday and ends when they attain age 19, as long as the Policy is in force. This Policy does not cover congenital abnormalities, birth defects and conditions present prior to age 1 or prior to the date of adoption. The most we will pay for a Child is 10% of the current Cancer Cover Sum Insured or USD 15,000 whichever is the lower.

 

• For joint life both death Policies where the Cancer Cover Sum Insured varies for each Life Insured, company will calculate the children's cancer cover on the highest amount. The Company will only pay one claim for each Child and limit claims to a maximum of three claims under this condition. At the time of a claim, company will take account of all your policies of the same company that offer this Benefit and will only pay one claim amount per Child.

 

• The conditions covered under children's cancer cover are as follows and share the same definition as Cancer Cover unless specified below:

 

• Benign brain tumor – resulting in permanent symptoms;
• Cancer – excluding less advanced cases;

 

In the event of a Cancer Cover claim company will pay either:

 

• 100% of the Cancer Cover Sum Insured, (this applies to the majority of cancer cover conditions); or
• A Partial Payment of a reduced amount of the Cancer Cover Sum Insured, as defined within the specific condition. The only Cancer Cover condition affected in this way is condition (iii)Ductal Carcinoma in situ of the breast; or
• A fixed amount of the lower of 10% of the Cancer Cover Sum Insured, or USD 15,000 in the event of a children's cancer cover claim under Children's Cancer Cover.

The Cancer Cover Sum Insured is shown in your Policy Schedule.

All Cancer Cover claims except children's cancer cover claims, will reduce or extinguish the Life Cover Sum Insured. The Aeroplane Cover amount may also be extinguished or reduced to match any residual Life Cover Sum Insured.

Where the Policy does not end as a result of a Cancer Cover claim, company reserves the right to deduct an amount from the Policy Value to contribute towards the claim payment.

Cancer cover is a whole of life Benefit and has no termination date.

Single life Policies:

Partial Payment Cancer Cover Sum Insured claims

Only one Cancer Cover claim is payable for the Partial Payment condition. Where a Partial Payment Cancer Cover claim is paid, the Cancer Cover and Life Cover Sums Insured are both reduced by the amount of the claim. The Aeroplane Cover Sum Insured may also be reduced to match a reduced Life Cover Sum Insured.

100% Cancer Cover Sum Insured claim

Only one claim of this type is payable. On payment of the claim, the Cancer Cover ends and the Life Cover and Aeroplane Cover Sums Insured are either:

• Reduced by the amount of the claim and the Policy continues with any Additional Benefits unchanged, or
• Fully extinguished.

Where no Additional Benefits apply to the Policy, the Policy ends.
Where Additional Benefits apply to the Policy, the Policy can continue, but without Life Cover, without Terminal Illness Benefit and without Cancer Cover.

Joint life first death Policies:

Partial Payment Cancer Cover Sum Insured claims

Only one Cancer Cover claim is payable for the Partial Payment condition for the first of the Lives Insured to make a claim. Where a Partial Payment Cancer Cover claim is paid, the Cancer Cover and Life Cover Sums Insured are both reduced by the amount of the claim for both Lives Insured. The Aeroplane Cover Sum Insured may also be reduced to match a reduced Life Cover Sum Insured.

100% Cancer Cover Sum Insured claim

Only one claim of this type is payable for the first of the Lives Insured to make a claim. On payment of the claim, the Cancer Cover ends for both Lives Insured and the Life Cover and Aeroplane Cover Sums Insured are either:

• Reduced by the amount of the claim for both Lives Insured, and the Policy continues with any Additional Benefits unchanged, or
• Fully extinguished for both Lives Insured.

Where no Additional Benefits apply to the Policy, the Policy ends.

Where Additional Benefits apply to the Policy, the Policy can continue, but without Life Cover, without Terminal Illness Benefit and without Cancer Cover for both Lives Insured.

Joint life last death Policies:

Only one Aeroplane Cover claim is payable, on the death in an aircraft accident of the last of the Lives Insured to die as defined in the policy condition of Aeroplane Cover. On payment of the claim the policy ends.

Joint life both death Policies:

Partial Payment Cancer Cover Sum Insured claims

For each Life Insured, only one Cancer Cover claim is payable for the Partial Payment condition. Where a Partial Payment Cancer Cover claim is paid, the Cancer Cover and Life Cover Sums Insured are both reduced by the amount of the claim for the Life Insured making the claim. The Aeroplane Cover Sum Insured may also be reduced to match a reduced Life Cover Sum Insured.

100% Cancer Cover Sum Insured claim

For each Life Insured, only one claim of this type is payable. On payment of the claim, the Cancer Cover ends for the Life Insured making the claim and the Life Cover and Aeroplane Cover Sums Insured are either:

• Reduced by the amount of the claim but only for the Life Insured making the claim, the Policy continues with any Additional Benefits for the both Lives Insured unchanged, or
• Fully extinguished for the Life Insured making the claim.

Where no Additional Benefits apply to the Policy for the Life Insured making the claim, the Policy will continue for the Life Insured not making the claim.

Where Additional Benefits apply to the Policy, the Policy will continue, but without Life Cover, Aeroplane Cover, Terminal Illness Benefit and Cancer Cover for the Life Insured making the claim.

Children's Cancer Cover Sum Insured claims

On payment of a children's cancer cover claim, the Policy continues, the Cancer Cover Sum Insured remains unchanged for all Lives Insured and no reduction to the Policy Value is made in relation to the claim.

Children's cancer cover is a whole of life Benefit and has no termination date, although claims are limited to a maximum age of 18 for each Child. There is no explicit charge for children's cancer cover; it is included within the cost of Cancer Cover.

 

There is no specific exclusion for the Aeroplane cover except the exclusion applicable for all benefits which is listed below.

Exclusions applying to all Benefits:

In all cases, company will not pay a claim if the Policy ended or the Benefit ended before the Claim Event took place.
Company will not pay a claim if it is directly or indirectly attributable to:

• The Life Insured knowingly or recklessly failing to disclose or deliberately misrepresenting any fact when applying for the Policy, or an increase to the Policy, or for a reinstatement of the Policy or any Benefits on the Policy. The nondisclosure or misrepresentation is such that it would cause the company to:

 

• totally decline the Benefits applied for; or
• accept the Benefits applied for in whole or in part with an additional premium payable and/or an exclusion clause on certain Benefits; or
• accept Life Cover on some terms but to decline one or more Additional Benefits

 

• The Life Insured's active involvement in:

 

• Terrorism or conspiracy to commit terrorism which includes any activity that jeopardizes the continuance of human life or causes damage to property;
• War or warlike operations (whether war is declared or not);
• Invasion, hostilities, mutiny, riot, civil commotion, civil war, rebellion, insurrection or the usurping of government power;
• An act committed by a foreign enemy;
• Any activity (military or otherwise) or conspiracy that causes or leads to the proclamation of martial law or a state of siege.

 

• The Life Insured committing suicide (whether sane or insane) within:

 

• 12 months of the risk commencement date; or

 

• 12 months of the date of re-instatement of the Policy; or

 

• 12 months of an increase in the Life Cover or Family Income Benefit Sum Insured, or
• 12 months of an addition of Family Income Benefit to the Policy.

 

• The Life Insured intentionally causing a self-inflicted injury or attempting suicide (whether sane or insane).

 

• A criminal act perpetrated by:

 

• The Life Insured; or
• The Policy Owner or any Beneficiary against the Life Insured.

 

 

Mental, nervous or psychiatric disorders, without demonstrable brain disease.

Addiction to, abuse or misuse of alcohol or non-prescribed drugs;

 

The Company will not pay a claim if the Claim Event:

• does not exactly meet the definition of the Benefit in this document, or
• occurred before the risk commencement date, or
• occurred before the Benefit was added to the Policy,
• or (for a Benefit increase), occurred before the date of the increase, or
• occurred before the Policy was reinstated, or
• Occurred before the completion of a qualifying period relevant to the Benefit being claimed,
• Unless the medical condition was disclosed to, underwritten and accepted by the Company as part of the application, or an increase or in any reinstatement process.

 

Since this is an optional cover, there is an extra charge for Cancer Cover along with the cost of Life Cover. The charge for Cancer Cover varies with age and is based on a variable Sum at Risk and will be deducted until the earlier of a claim, the Policy Value exceeds the Benefit Sum Insured or until the Policy ends for whatever reason.

There is no explicit charge for children's cancer cover; it is included within the cost of Cancer Cover.

• In majority of the cases, after a long period of treatment, the patient dies. By that time all the savings of the patient as well as his dependents might have been exhausted and may be in a huge liability. After the death of the patient, the family will find it very difficult to survive. But if he has got the cancer cover, that amount can be used for his treatment and balance amount (if any) can be used for the survival of his dependents.


• Perfect for everyone, this rider gives piece of mind and financial freedom when people need it the most.

 

The complete information given above is based on the Zurich Futura - Policy Terms & Conditions. The terms and conditions vary from product to product and company to company. You should read and understand the terms and conditions of each product of every company before taking a decision. We are not responsible to the errors and omissions made by any customer on making a decision for buying a product after reading the contents of this website.

 

Critical illness means any one of the following:

• Aorta graft surgery – for disease and trauma
• Aplastic anaemia – resulting in permanent symptoms
• Bacterial meningitis – resulting in permanent symptoms
• Benign brain tumour – resulting in permanent symptoms
• Blindness – permanent and irreversible
• Cancer – excluding less advanced cases
• Cardiomyopathy
• Coma – with permanent symptoms
• Coronary artery bypass grafts – with surgery to divide the breastbone
• Creutzfeldt-Jakob disease – requiring continuous assistance
• Deafness – permanent and irreversible
• Dementia (including Alzheimer's disease) before age 65 – resulting in permanent symptoms
• Ductal carcinoma in situ of the breast – with specific treatment (partial payment)
• Encephalitis
• Liver failure – end stage
• Lung disease – end stage/respiratory failure – of specified severity
• Heart attack – of specified severity
• Heart failure
• Heart valve replacement or repair – with surgery to divide the breastbone
• HIV infection – caught in a specified country from a blood transfusion, a physical assault or work in an eligible occupation
• Kidney failure – requiring dialysis
• Loss of independent existence – resulting in permanent symptoms
• Loss of hands or feet – permanent physical severance
• Loss of speech – total, permanent and irreversible
• Major organ transplant
• Motor neuron disease
• Multiple sclerosis – with persisting symptoms
• Open heart surgery – with surgery to divide the breastbone
• Paralysis of limbs – total, permanent and irreversible
• Parkinson's disease before age 65 – resulting in permanent symptoms
• Primary pulmonary arterial hypertension – resulting in permanent symptoms
• Stroke – with permanent symptoms
• Systemic lupus erythematosus – of specified severity
• Third-degree burns – covering 20% of the body's surface area or 50% of the face's surface area
• Traumatic head injury – with permanent symptoms
• Children's critical illness

 

You should understand that there can be difference in the insurance definition and the dictionary definition. Both the definitions are given below.

Click Here For Critical Illness Definition

• Approximately 1.7 million Americans suffer a heart attack each year. 
• Of these, 1.2 million survive at least three (3) years………..
• 75% are under the age of 47.
• A person who has a heart attack at age 45 has a 57% chance of surviving for 5 years or longer.
• Over 40% of the population will develop breast, prostrate, or some form of cancer at some point in their lives.
• The survival rate of cancer patient is 73% today.
• The probability of surviving a critical illness before age 65 is almost twice as great as dying.   

In the next four minutes …

• Nine Americans will have a heart attack.
• Five Americans will have a stroke.
• Ten people in the United States will be diagnosed with cancer.
• Five American families will be forced to declare bankruptcy because of a medically related financial hardship.
• Every 45 seconds, someone will have a stroke. This number 3 killer is the leading cause of severe, long-term disability.
• The leading cause of disease in women is cardiovascular disease, more than cancer, and only 13% of women consider cardiovascular disease their greatest risk. And, 40,000 more women than men have a stroke annually.
• In 2000, 9.6 million Americans were alive having survived a history of cancer.

Are you prepared in the event of a critical illness?

• According to the U. S. Department of Housing and Urban Development, 50% of home foreclosures are the result of the homeowner suffering from a critical illness.
• American Heart Association estimates Americans paid about $368 billion in 2004 for heart disease related medical costs and disability.
• Research shows 33% of all families deplete all or most of their savings because of a serious illness.

What Is Critical Illness Insurance?

• Critical illness insurance (C.I.I.) has characteristics of both life insurance and health insurance.
• C.I.I. pays a life insurance-type lump sum benefit, upon diagnosis of one of a number of critical illnesses rather than upon death.

Brief Description of Critical Illness Cover

• Provides a lump sum if the life insured is diagnosed with a critical illness, or undergoes a medical procedure covered under the policy. Critical illness claims are paid as an advance of the life cover sum insured, so in the event of a claim the life cover sum insured will be reduced or extinguished altogether. 36 illnesses will be covered in this benefit.


• Free Children's critical illness is included. This will pay a lump sum of maximum USD15,000 of the Critical illness Benefit in the event of the Life Insured's child being diagnosed with a critical illness prior to age 18, or undergoing a medical procedure covered under our children's critical illness definition. A maximum of three children are covered by this benefit. The payment of a valid children's critical illness benefit claims does not reduce the Critical illness Benefit.

Critical Illness Cover benefit

This Benefit is not available to joint life last death Policies.

Claims under this Benefit will only be accepted where the Claim Event occurs 90 days or more after:

• The risk commencement date, or
• The date of reinstatement of the Benefit, or
• The date of any increase to the Benefit (this only applies to the increased Benefit amount), or
• The date the Benefit is added to the Policy

For all Policies except to joint life last death Policies, subject to terms and condition of claims and the 90 day qualifying period, company will pay the appropriate amount of the Critical Illness Cover Sum Insured if the relevant Life Insured is diagnosed with a critical illness defined above or,   undergoes a medical procedure as set out in the Critical illness cover definitions above.

In the event of a critical illness claim Company will pay either:

100% of the Critical Illness Sum Insured, (this applies to the majority of critical illness conditions); or

• A Partial Payment of a reduced amount of the Critical Illness Sum Insured, as defined within the specific condition. The only critical illness condition affected in this way is condition (13) Ductal Carcinoma in situ of the breast; or

• A fixed amount of the lower of 10% of the Critical Illness Sum Insured or USD15,000 in the event of a children's critical illness benefit claim under Condition (xxxvi) Children's Critical Illness

The Critical Illness Benefit Sum Insured is shown in your Policy Schedule.

All Critical Illness Benefit claims except children's critical illness benefit claims will reduce or extinguish the Life Cover Sum Insured. The Aeroplane Cover amount may also be extinguished or reduced to match any residual Life Cover Sum Insured.

Where the Policy does not end as a result of a Critical Illness Benefit claim, The Company reserve the right to deduct an amount from the Policy Value to contribute towards the claim payment.

Critical Illness Benefit is a whole of life Benefit and has no termination date.

Single life Policies:

Partial Payment Critical Illness Cover Sum Insured claims

Only one Critical Illness Benefit claim is payable for each Partial Payment condition. Where a Partial Payment Critical Illness Benefit claim is paid, the Critical Illness Benefit and Life Cover Sums Insured are both reduced by the amount of the claim. The Aeroplane Cover Sum Insured may also be reduced to match a reduced Life Cover Sum Insured.

100% Critical Illness Cover Sum Insured claim

Only one claim of this type is payable. On payment of the claim, the Critical Illness Benefit ends and the Life Cover and Aeroplane Cover Sums Insured are either:

• Reduced by the amount of the claim and the Policy continues with any Additional Benefits unchanged, or
• Fully extinguished.
  
  • Where no Additional Benefits apply to the Policy, the Policy ends.
  • Where Additional Benefits apply to the Policy, the Policy can continue, but without Life Cover, without Terminal Illness benefit and without Critical Illness Benefit.

Joint life first death Policies:

Partial Payment Critical Illness Cover Sum Insured claims

Only one Critical Illness Benefit claim is payable for each Partial Payment condition for the first of the Lives Insured to make a claim. Where a Partial Payment Critical Illness Benefit claim is paid, the Critical Illness Benefit and Life Cover Sums Insured are both reduced by the amount of the claim for both Lives Insured. The Aeroplane Cover Sum Insured may also be reduced to match a reduced Life Cover Sum Insured.

100% Critical Illness Cover Sum Insured claim

Only one claim of this type is payable for the first of the Lives Insured to make a claim. On payment of the claim, the Critical Illness Benefit ends for both Lives Insured and the Life Cover and Aeroplane Cover Sums Insured are either:

• Reduced by the amount of the claim for both Lives Insured, and the Policy continues with any Additional Benefits unchanged, or
• Fully extinguished for both Lives Insured.

Where no Additional Benefits apply to the Policy, the Policy ends.
Where Additional Benefits apply to the Policy, the Policy can continue, but without Life Cover, without Terminal Illness benefit and without Critical Illness benefit for both Lives Insured.

Joint life last death Policies:

This Benefit is not available to joint life last death Policies.

Joint life both death Policies:

Partial Payment Critical Illness Cover Sum Insured claims

For each Life Insured, only one Critical Illness Benefit claim is payable for each Partial Payment condition. Where a Partial Payment Critical Illness Benefit claim is paid, the Critical Illness Benefit and Life Cover Sums Insured are both reduced by the amount of the claim for the Life Insured making the claim. The Aeroplane Cover Sum Insured may also be reduced to match a reduced Life Cover Sum Insured.

100% Critical Illness Cover Sum Insured claim

For each Life Insured, only one claim of this type is payable. On payment of the claim, the Critical Illness Benefit ends for the Life Insured making the claim and the Life Cover and Aeroplane Cover Sums Insured are either:

• Reduced by the amount of the claim but only for the Life Insured making the claim, the Policy continues with any Additional Benefits for both Lives Insured unchanged, or
• Fully extinguished for the Life Insured making the claim.

Where no Additional Benefits apply to the Policy for the Life Insured making the claim, the Policy can continue for the Life Insured not making the claim.
Where Additional Benefits apply to the Policy, the Policy can continue, but without Life Cover, without Terminal Illness benefit and without Critical Illness benefit for the Life Insured making the claim.

Children's Critical illness Cover Sum Insured claims

On payment of a children's critical illness benefit claim, the Policy continues, the Critical Illness Benefit Sum Insured remains unchanged for all Lives Insured and no reduction to the Policy Value is made in relation to the claim.
Children's critical illness benefit is a whole of life Benefit and has no termination date, although claims are limited to a maximum age of 18 for each Child.

There is no specific exclusion for the critical Illness cover except the exclusion applicable for all benefits which is listed below.

Exclusions applying to all Benefits:

In all cases, company will not pay a claim if the Policy ended or the Benefit ended before the Claim Event took place.
Company will not pay a claim if it is directly or indirectly attributable to:

• The Life Insured knowingly or recklessly failing to disclose or deliberately misrepresenting any fact when applying for the Policy, or an increase to the Policy, or for a reinstatement of the Policy or any Benefits on the Policy. The nondisclosure or misrepresentation is such that it would cause the company to:
• totally decline the Benefits applied for; or
• accept the Benefits applied for in whole or in part with an additional premium payable and/or an exclusion clause on certain Benefits; or
• accept Life Cover on some terms but to decline one or more Additional Benefits


• The Life Insured's active involvement in:
• Terrorism or conspiracy to commit terrorism which includes any activity that jeopardizes the continuance of human life or causes damage to property;
• War or warlike operations (whether war is declared or not);
• Invasion, hostilities, mutiny, riot, civil commotion, civil war, rebellion, insurrection or the usurping of government power;
• An act committed by a foreign enemy;
• Any activity (military or otherwise) or conspiracy that causes or leads to the proclamation of martial law or a state of siege.


• The Life Insured committing suicide (whether sane or insane) within:
• 12 months of the risk commencement date; or
• 12 months of the date of re-instatement of the Policy; or
• 12 months of an increase in the Life Cover or Family Income Benefit Sum Insured, or
• 12 months of an addition of Family Income Benefit to the Policy.


• The Life Insured intentionally causing a self-inflicted injury or attempting suicide (whether sane or insane).


• A criminal act perpetrated by:
• The Life Insured; or
• The Policy Owner or any Beneficiary against the Life Insured.


• Addiction to, abuse or misuse of alcohol or non-prescribed drugs;


• Mental, nervous or psychiatric disorders, without demonstrable brain disease.

The Company will not pay a claim if the Claim Event:

• does not exactly meet the definition of the Benefit in this document, or
• occurred before the risk commencement date, or
• occurred before the Benefit was added to the Policy,
• or (for a Benefit increase), occurred before the date of the increase, or
• occurred before the Policy was reinstated, or
• Occurred before the completion of a qualifying period relevant to the Benefit being claimed,
• Unless the medical condition was disclosed to, underwritten and accepted by the Company as part of the application, or an increase or in any reinstatement process.

Since this is an optional cover, there is an extra charge for Critical Illness Cover along with the cost of Life Cover. The charge for Critical Illness Benefit varies with age and is based on a variable Sum at Risk and will be deducted until the earlier of a claim or until the Policy ends for whatever reason.

There is no explicit charge for children's critical Illness Cover; it is included within the cost of Critical Illness Cover.

• In majority of the cases, after a long period of treatment, the patient dies. By that time all the savings of the patient as well as his dependents might have been exhausted and may be in a huge liability. After the death of the patient, the family will find it very difficult to survive. But if he has got the Critical Illness cover, that amount can be used for his treatment and balance amount (if any) can be used for the survival of his dependents.
  
  
• Perfect for everyone, this rider gives piece of mind and financial freedom when people need it the most.

The complete information given above is based on the Zurich Futura - Policy Terms & Conditions. The terms and conditions vary from product to product and company to company. You should read and understand the terms and conditions of each product of every company before taking a decision. We are not responsible to the errors and omissions made by any customer on making a decision for buying a product after reading the contents of this website.

This Benefit is not available to joint life last death Policies.

For all other Policies, subject to claims condition, if:

The Life Insured sustains bodily injuries before age 70 solely, directly and independently of all other causes through external, violent, visible and accidental means and within 30 days of sustaining those injuries, suffers the loss of sight or limb as a direct result of those injuries, we will pay the following percentage of the dismemberment Sum Insured, as long as the Life Insured survives the injuries and is alive 30 days after the event that caused the injuries:

Loss of hand or foot means the loss by physical severance at or above the wrist or ankle joints respectively and loss of sight means total and irrecoverable loss of sight.

The maximum amount payable, whether as a result of one claim or more, cannot exceed 100% of the Dismemberment Benefit Sum Insured.

Single life Policies:

The Company will only pay a maximum of the Dismemberment Benefit Sum Insured in total, but this could be made up by more than one claim. In the event of a claim that pays 50% of the Dismemberment Benefit Sum Insured, the Dismemberment Benefit Sum Insured is reduced by the amount of the claim and the Policy can continue with all other Benefits that apply to the Policy unchanged.

Joint life first death Policies:

The Company will only pay a maximum of the Dismemberment Benefit Sum Insured in total, but this could be made up by more than one claim from either Life Insured. In the event of a first claim that pays 50% of the Dismemberment Benefit Sum Insured, the Dismemberment Benefit Sum Insured is reduced by the amount of the claim for both Lives Insured and the Policy can continue with all other Benefits that apply to the Policy unchanged.

Joint life last death Policies:

This Benefit is not available to joint life last death Policies.

Joint life both death Policies:

Both lives can claim a maximum of the Dismemberment Benefit Sum Insured attributable to them, but this could be made up by more than one claim from either Life Insured. In the event of a first claim that pays 50% of the Dismemberment Benefit Sum Insured for either Life Insured, the Dismemberment Benefit Sum Insured for the Life Insured making the claim is reduced by the amount of the claim. The Dismemberment Benefit Sum Insured for the Life Insured not making the claim is not affected and the Policy can continue with all other Benefits that apply to the Policy unchanged.

 

There is no specific exclusion for the Aeroplane cover except the exclusion applicable for all benefits which is listed below.

Exclusions applying to all Benefits:

In all cases, company will not pay a claim if the Policy ended or the Benefit ended before the Claim Event took place.
Company will not pay a claim if it is directly or indirectly attributable to:

• The Life Insured knowingly or recklessly failing to disclose or deliberately misrepresenting any fact when applying for the Policy, or an increase to the Policy, or for a reinstatement of the Policy or any Benefits on the Policy. The nondisclosure or misrepresentation is such that it would cause the company to:
• totally decline the Benefits applied for; or
• accept the Benefits applied for in whole or in part with an additional premium payable and/or an exclusion clause on certain Benefits; or
• accept Life Cover on some terms but to decline one or more Additional Benefits


• The Life Insured's active involvement in:
• Terrorism or conspiracy to commit terrorism which includes any activity that jeopardizes the continuance of human life or causes damage to property;
• War or warlike operations (whether war is declared or not);
• Invasion, hostilities, mutiny, riot, civil commotion, civil war, rebellion, insurrection or the usurping of government power;
• An act committed by a foreign enemy;
• Any activity (military or otherwise) or conspiracy that causes or leads to the proclamation of martial law or a state of siege.


•  The Life Insured committing suicide (whether sane or insane) within:
• 12 months of the risk commencement date; or


• 12 months of the date of re-instatement of the Policy; or
• 12 months of an increase in the Life Cover or Family Income Benefit Sum Insured, or
• 12 months of an addition of Family Income Benefit to the Policy.


• The Life Insured intentionally causing a self-inflicted injury or attempting suicide (whether sane or insane).


• A criminal act perpetrated by:
• The Life Insured; or
• The Policy Owner or any Beneficiary against the Life Insured.


• Addiction to, abuse or misuse of alcohol or non-prescribed drugs;
• Mental, nervous or psychiatric disorders, without demonstrable brain disease.

The Company will not pay a claim if the Claim Event:

• does not exactly meet the definition of the Benefit in this document, or
• occurred before the risk commencement date, or
• occurred before the Benefit was added to the Policy,
• or (for a Benefit increase), occurred before the date of the increase, or
• occurred before the Policy was reinstated, or
• Occurred before the completion of a qualifying period relevant to the Benefit being claimed,
• Unless the medical condition was disclosed to, underwritten and accepted by the Company as part of the application, or an increase or in any reinstatement process.

 

 

Since this is an optional cover, there is an extra charge for Dismemberment Benefit Cover along with the cost of Life Cover. The charge for Dismemberment Benefit does not vary by age and is based on the Benefit Sum Insured. Dismemberment Benefit and the accompanying charge will stop at the earlier of a claim or claims that result in the payment of 100% of the Dismemberment Benefit Sum Insured, or the Life Insured reaches age 70.

 

 

• Now the Medical technology is keeping people alive longer. The concern today is not dying too soon – it's living too long and that without an income. This happens in most of the dismemberment cases. Hence the amount they receive either in lump sum or in installments will be of great help to the survivor.
• Consumers have greater fears than premature death, such as:
• The cost of health care
• Cost of nursing homes
• Having enough income to retire

These fears can be addressed to a certain level by the use of the dismemberment benefit.

• Perfect for everyone, this rider gives piece of mind and financial freedom when people need it the most.

The complete information given above is based on the Zurich Futura - Policy Terms & Conditions. The terms and conditions vary from product to product and company to company. You should read and understand the terms and conditions of each product of every company before taking a decision. We are not responsible to the errors and omissions made by any customer on making a decision for buying a product after reading the contents of this website.

 

This Benefit is not available to joint life last death Policies.

For all other Policies, subject to claims condition, in the event of the death of the relevant Life Insured, The Company will pay the Family Income Benefit Sum Insured as a series of annual payments for the remainder of the specified Benefit term.

Family Income Benefit claims are paid in addition to any other Benefits under this Policy payable for the same Claim Event.

A Family Income Benefit claim will only be considered in conjunction with an associated Life Cover claim.

The Family Income Benefit Sum Insured and the Benefit term are shown in your Policy Schedule.

Single life Policies:

Only one Family Income Benefit claim is payable. As a result of a claim, Company's obligation to pay a Benefit amount may continue for the remaining Benefit term, but the Policy ends when we admit the claim.

Joint life first death Policies:

Only one Family Income Benefit claim is payable, on the death of the first of the Lives Insured to die. As a result of a claim, Company's obligation to pay a Benefit amount may continue the remaining Benefit term, but the Policy ends when we admit the claim.

Joint life last death Policies:

This Benefit is not available to joint life last death Policies.

 Joint life both death Policies:

A Family Income Benefit claim is payable separately on the death of each Life Insured. As a result of a claim, Company's obligation to pay a Benefit amount will continue for the remaining Benefit term, but the Policy ends when we admit the second Family Income Benefit claim.

There is no specific exclusion for the Family Income Benefit cover except the exclusion applicable for all benefits which is listed below.

Exclusions applying to all Benefits:

In all cases, company will not pay a claim if the Policy ended or the Benefit ended before the Claim Event took place.
Company will not pay a claim if it is directly or indirectly attributable to:

 

• The Life Insured knowingly or recklessly failing to disclose or deliberately misrepresenting any fact when applying for the Policy, or an increase to the Policy, or for a reinstatement of the Policy or any Benefits on the Policy. The nondisclosure or misrepresentation is such that it would cause the company to:
  
  
• totally decline the Benefits applied for; or
• accept the Benefits applied for in whole or in part with an additional premium payable and/or an exclusion clause on certain Benefits; or
• accept Life Cover on some terms but to decline one or more Additional Benefits



• The Life Insured's active involvement in:


• Terrorism or conspiracy to commit terrorism which includes any activity that jeopardizes the continuance of human life or causes damage to property;
• War or warlike operations (whether war is declared or not);
• Invasion, hostilities, mutiny, riot, civil commotion, civil war, rebellion, insurrection or the usurping of government power;
• An act committed by a foreign enemy;
• Any activity (military or otherwise) or conspiracy that causes or leads to the proclamation of martial law or a state of siege.



•  The Life Insured committing suicide (whether sane or insane) within:
• 12 months of the risk commencement date; or
• 12 months of the date of re-instatement of the Policy; or
• 12 months of an increase in the Life Cover or Family Income Benefit Sum Insured, or
• 12 months of an addition of Family Income Benefit to the Policy.



• The Life Insured intentionally causing a self-inflicted injury or attempting suicide (whether sane or insane).


• A criminal act perpetrated by:
• The Life Insured; or
• The Policy Owner or any Beneficiary against the Life Insured.



• Addiction to, abuse or misuse of alcohol or non-prescribed drugs;
• Mental, nervous or psychiatric disorders, without demonstrable brain disease.

The Company will not pay a claim if the Claim Event:

• does not exactly meet the definition of the Benefit in this document, or
• occurred before the risk commencement date, or
• occurred before the Benefit was added to the Policy,
• or (for a Benefit increase), occurred before the date of the increase, or
• occurred before the Policy was reinstated, or
• Occurred before the completion of a qualifying period relevant to the Benefit being claimed,
• Unless the medical condition was disclosed to, underwritten and accepted by the Company as part of the application, or an increase or in any reinstatement process.

 

Since this is an optional cover, there is an extra charge for Family Income Benefit Cover along with the cost of Life Cover. The charge for Family Income Benefit varies with age and is based on the reducing Benefit Sum Insured. Family income Benefit and the accompanying charge will stop at the earlier of a claim or at the end of the Benefit term shown in the Policy Schedule.

• Family Income benefit Rider is an effective way of providing a monthly income for your policy's beneficiaries (usually your family). 
• If the insured person is the family's primary source of income, this rider can mimic a steady income for beneficiaries.
• If there are concerns about the beneficiaries' ability to successfully manage money, this rider can help achieve those goals indirectly.

 

 

Cancellation
The complete information given above is based on the Zurich Futura - Policy Terms & Conditions. The terms and conditions vary from product to product and company to company. You should read and understand the terms and conditions of each product of every company before taking a decision. We are not responsible to the errors and omissions made by any customer on making a decision for buying a product after reading the contents of this website.

For all Policies, subject to claims condition, in the event of a death claim, Company can pay an immediate advance of the claim of up to USD 7,500 (or currency equivalent) towards the immediate funeral costs. Payment is at company's discretion.

There is no specific exclusion for the Funeral Cover except the exclusion applicable for all benefits which is listed below.

Exclusions applying to all Benefits:

In all cases, company will not pay a claim if the Policy ended or the Benefit ended before the Claim Event took place.
Company will not pay a claim if it is directly or indirectly attributable to:

• The Life Insured knowingly or recklessly failing to disclose or deliberately misrepresenting any fact when applying for the Policy, or an increase to the Policy, or for a reinstatement of the Policy or any Benefits on the Policy. The nondisclosure or misrepresentation is such that it would cause the company to:
• totally decline the Benefits applied for; or
• accept the Benefits applied for in whole or in part with an additional premium payable and/or an exclusion clause on certain Benefits; or
• accept Life Cover on some terms but to decline one or more Additional Benefits
• The Life Insured's active involvement in:
• Terrorism or conspiracy to commit terrorism which includes any activity that jeopardizes the continuance of human life or causes damage to property;
• War or warlike operations (whether war is declared or not);
• Invasion, hostilities, mutiny, riot, civil commotion, civil war, rebellion, insurrection or the usurping of government power;
• An act committed by a foreign enemy;
• Any activity (military or otherwise) or conspiracy that causes or leads to the proclamation of martial law or a state of siege.
•  The Life Insured committing suicide (whether sane or insane) within:
• 12 months of the risk commencement date; or
• 12 months of the date of re-instatement of the Policy; or
• 12 months of an increase in the Life Cover or Family Income Benefit Sum Insured, or
• 12 months of an addition of Family Income Benefit to the Policy.
• The Life Insured intentionally causing a self-inflicted injury or attempting suicide (whether sane or insane).
• A criminal act perpetrated by:
• The Life Insured; or
• The Policy Owner or any Beneficiary against the Life Insured.
• Addiction to, abuse or misuse of alcohol or non-prescribed drugs;
• Mental, nervous or psychiatric disorders, without demonstrable brain disease.

The Company will not pay a claim if the Claim Event:

• does not exactly meet the definition of the Benefit in this document, or
• occurred before the risk commencement date, or
• occurred before the Benefit was added to the Policy,
• or (for a Benefit increase), occurred before the date of the increase, or
• occurred before the Policy was reinstated, or
• Occurred before the completion of a qualifying period relevant to the Benefit being claimed,
• Unless the medical condition was disclosed to, underwritten and accepted by the Company as part of the application, or an increase or in any reinstatement process.

Since this is a benefit as per the discretion of the Company and is paid as a part of the death claim amount as an advance, there is no extra charge for Funeral Cover.

Funerals are expensive. And it seems incredibly irresponsible to leave those final expenses to your loved ones. This account for all the necessary burial expenses with a life insurance policy? Or take a life policy with funeral cover as a rider benefit.

The complete information given above is based on the Zurich Futura - Policy Terms & Conditions. The terms and conditions vary from product to product and company to company. You should read and understand the terms and conditions of each product of every company before taking a decision. We are not responsible to the errors and omissions made by any customer on making a decision for buying a product after reading the contents of this website.

This Benefit is not available to joint life last death Policies.

Claims under this Benefit will only be accepted where the Claim Event occurs 90 days or more after:

• The risk commencement date, or
• The date of reinstatement of the Benefit, or
• The date of any increase to the Benefit (this only applies to the increased Benefit amount), or
• The date the Benefit is added to the Policy

Subject to condition of Claims and the 90 day qualifying period, Company will pay the Hospitalisation Benefit Sum Insured if:

The relevant Life Insured is hospitalised for 4 or more consecutive days and up to a maximum of 365 consecutive days for the same Claim Event before the Life Insured's 70th birthday.

 

Hospitalisation at the time of claim means:

The Life Insured is admitted to any hospital for a surgical procedure on the recommendation and approval of a doctor, or confined to a hospital for treatment other than for a surgical procedure, for a continuous period of at least 4 days.

Claims will be paid as a single lump sum payment for the entire period of hospitalisation. The claim payment will be calculated as the Hospitalisation Benefit Sum Insured multiplied by the length of the hospital stay divided by seven, as long as the period of hospitalisation is 4 or more continuous days.

Any period of hospitalisation (for any cause) commencing within 30 days of the end of a previous period of hospitalisation will be treated as a continuation of the previous hospitalisation period.

Prior to age 70, this Benefit does not automatically end on payment of a claim. The Benefit continues and any subsequent Claim Event before age 70 would trigger a new claim.

The Hositalisation Benefit Sum Insured and the Benefit term are shown in your Policy Schedule.

Single life Policies:

In the event of a claim, the Hospitalisation Benefit Sum Insured and any other Benefit on the Policy, remain unchanged.

Joint life first death Policies:

In the event of a claim, the Hospitalisation Benefit Sum Insured and any other Benefit on the Policy for both lives, remain unchanged. Either Life Insured can claim separately or both Lives Insured can claim Hospitalisation Benefit at the same time.

Joint life last death Policies:

This Benefit is not available to joint life last death Policies.

Joint life both death Policies:

In the event of a claim, the Hospitalisation Benefit Sum Insured and any other Benefit on the Policy for both lives, remain unchanged. Either Life Insured can claim separately or both Lives Insured can claim Hospitalisation Benefit at the same time.

 

The Company will not pay a Hospitalisation Benefit claim in the event of:

• A Claim Event resulting from homeopathic or ayurvedic treatment;
• treatment for chronic alcoholism, drug addiction, allergy or nervous or mental disorders, venereal disease, infection by any Human Immunodeficiency Virus (HIV) or the Life Insured carrying any antibodies to such a virus rest cures, sanatorium or custodial care or period of quarantine or isolation;
• Cosmetic or plastic surgery, unless necessitated by an accidental injury occurring on or after the risk commencement date stated in the Policy Schedule;
• Dental examinations, x-rays, extractions, fillings or general dental care;
• Supply or fitting of eye glasses, lenses or hearing aids;
• Pregnancy, including resulting childbirth, abortion or miscarriage;
• Treatment not recommended to be undertaken by a physician or surgeon;
• Routine or other medical examinations, or vaccinations or inoculations which are not required for the treatment of an illness or injury;
• Injury or illness caused by nuclear fission, nuclear fusion, or radioactive contamination;
• Participation in or training for any dangerous or hazardous sport or competition or riding or diving in any form of race or competition;
• Aviation, gliding or any other form of aerial flight other than as a fare paying passenger of a recognised airline or charter service;
• The Life Insured being found to be infected by any Human Immunodeficiency Virus (HIV) or to be carrying any antibodies to such a virus;

Additional Policy specific exclusion clauses may be listed in the Policy Schedule.

Exclusions applying to all Benefits:

In all cases, company will not pay a claim if the Policy ended or the Benefit ended before the Claim Event took place.
Company will not pay a claim if it is directly or indirectly attributable to:

• The Life Insured knowingly or recklessly failing to disclose or deliberately misrepresenting any fact when applying for the Policy, or an increase to the Policy, or for a reinstatement of the Policy or any Benefits on the Policy. The nondisclosure or misrepresentation is such that it would cause the company to:
• totally decline the Benefits applied for; or
• accept the Benefits applied for in whole or in part with an additional premium payable and/or an exclusion clause on certain Benefits; or
• accept Life Cover on some terms but to decline one or more Additional Benefits
• The Life Insured's active involvement in:
• Terrorism or conspiracy to commit terrorism which includes any activity that jeopardizes the continuance of human life or causes damage to property;
• War or warlike operations (whether war is declared or not);
• Invasion, hostilities, mutiny, riot, civil commotion, civil war, rebellion, insurrection or the usurping of government power;
• An act committed by a foreign enemy;
• Any activity (military or otherwise) or conspiracy that causes or leads to the proclamation of martial law or a state of siege.
•  The Life Insured committing suicide (whether sane or insane) within:
• 12 months of the risk commencement date; or
• 12 months of the date of re-instatement of the Policy; or
• 12 months of an increase in the Life Cover or Family Income Benefit Sum Insured, or
• 12 months of an addition of Family Income Benefit to the Policy.
• The Life Insured intentionally causing a self-inflicted injury or attempting suicide (whether sane or insane).
• A criminal act perpetrated by:
• The Life Insured; or
• The Policy Owner or any Beneficiary against the Life Insured.
• Addiction to, abuse or misuse of alcohol or non-prescribed drugs;
• Mental, nervous or psychiatric disorders, without demonstrable brain disease.

The Company will not pay a claim if the Claim Event:

• does not exactly meet the definition of the Benefit in this document, or
• occurred before the risk commencement date, or
• occurred before the Benefit was added to the Policy,
• or (for a Benefit increase), occurred before the date of the increase, or
• occurred before the Policy was reinstated, or
• Occurred before the completion of a qualifying period relevant to the Benefit being claimed,
• Unless the medical condition was disclosed to, underwritten and accepted by the Company as part of the application, or an increase or in any reinstatement process.

Since this is an optional cover, there is an extra charge for Hospitalisation Benefit Cover along with the cost of Life Cover. The charge for Hospitalisation Benefit varies with age and is based on the Benefit Sum Insured. Hospitalisation Benefit and the accompanying charge will stop when the Life Insured reaches age 70.

• The Hospital Cash Benefit rider comes in handy when occurs the need of sudden hospitalization for the insured.
• In the event of hospitalization during the term of the life insurance policy, a daily hospital cash amount is payable to the insured if she/he is hospitalized for more than 4 days due to any injury, sickness or disease.
• The amount of reimbursement will the eligible daily hospital cash amount.

 

This option will only apply if it is shown in your Policy Schedule as being applicable to you.

For the life events described below, you can increase your Benefits with no requirement for further underwriting.

You may use this option as many times as you like provided that:

• The total Sum Insured for all life event option increases for your Policy does not exceed the lower of 25% of the original Benefit Sum Insured or USD 100,000; and
• You must make use of the option before the Life Insured's 55th birthday (for a joint life Policy this would apply to the oldest life); and
• You have not made or are not eligible to make a claim on the Policy.
• The increase takes effect within 90 days of the life event occurring; and
• You send us the evidence of the life event that we need, as outlined below.

 

The maximum Benefit increase limit specified above applies to each Policy, not to each separate Life Insured.

 

Life event	Evidence required
Marriage	Marriage certificate
Divorce	Decree Absolute, dissolution order or similar legally effective document
Birth or adoption of a child	Birth or adoption certificate
Buying a residential property (with a mortgage on the property)	Evidence of a mortgage on the property
Moving house	Evidence of a new mortgage or loan on the property
Home improvements	Evidence of a new mortgage or loan on the property

 

There is no specific exclusion for the Life Event Increase Option except that the policy was accepted at company's standard underwriting terms

Exclusions applying to all Benefits:

In all cases, company will not pay a claim if the Policy ended or the Benefit ended before the Claim Event took place.
Company will not pay a claim if it is directly or indirectly attributable to:

• The Life Insured knowingly or recklessly failing to disclose or deliberately misrepresenting any fact when applying for the Policy, or an increase to the Policy, or for a reinstatement of the Policy or any Benefits on the Policy. The nondisclosure or misrepresentation is such that it would cause the company to:
• totally decline the Benefits applied for; or
• accept the Benefits applied for in whole or in part with an additional premium payable and/or an exclusion clause on certain Benefits; or
• accept Life Cover on some terms but to decline one or more Additional Benefits
• The Life Insured's active involvement in:
• Terrorism or conspiracy to commit terrorism which includes any activity that jeopardizes the continuance of human life or causes damage to property;
• War or warlike operations (whether war is declared or not);
• Invasion, hostilities, mutiny, riot, civil commotion, civil war, rebellion, insurrection or the usurping of government power;
• An act committed by a foreign enemy;
• Any activity (military or otherwise) or conspiracy that causes or leads to the proclamation of martial law or a state of siege.
•  The Life Insured committing suicide (whether sane or insane) within:
• 12 months of the risk commencement date; or
• 12 months of the date of re-instatement of the Policy; or
• 12 months of an increase in the Life Cover or Family Income Benefit Sum Insured, or
• 12 months of an addition of Family Income Benefit to the Policy.
• The Life Insured intentionally causing a self-inflicted injury or attempting suicide (whether sane or insane).
• A criminal act perpetrated by:
• The Life Insured; or
• The Policy Owner or any Beneficiary against the Life Insured.
• Addiction to, abuse or misuse of alcohol or non-prescribed drugs;
• Mental, nervous or psychiatric disorders, without demonstrable brain disease.

The Company will not pay a claim if the Claim Event:

• does not exactly meet the definition of the Benefit in this document, or
• occurred before the risk commencement date, or
• occurred before the Benefit was added to the Policy,
• or (for a Benefit increase), occurred before the date of the increase, or
• occurred before the Policy was reinstated, or
• Occurred before the completion of a qualifying period relevant to the Benefit being claimed,
• Unless the medical condition was disclosed to, underwritten and accepted by the Company as part of the application, or an increase or in any reinstatement process.

The Company will use the Benefit rates applicable at the time of the request based on the Life Insured's age at the time of making the application.

Policy can be modified as per the requirement in the changing circumstance without further medical underwriting.

The complete information given above is based on the Zurich Futura - Policy Terms & Conditions. The terms and conditions vary from product to product and company to company. You should read and understand the terms and conditions of each product of every company before taking a decision. We are not responsible to the errors and omissions made by any customer on making a decision for buying a product after reading the contents of this website.

Permanent and total disability at the time of a claim means:

Lives insured aged 70 or younger in gainful employment

A Life Insured shall be regarded as having permanent and total disability if they are unable to (for reward or otherwise) engage in their own occupation, profession or business as well as unable to engage in any other occupation to which they are fitted by education, training or experience, as a result of the disability. Permanent in this instance means that, in the opinion of an Appropriate Medical Specialist, the disability is expected to remain with the Life Insured for the rest of their life.

Lives insured aged 70 or younger not in gainful employment

A Life Insured shall be regarded as having permanent and total disability if they are unable to perform at least two activities of daily working, which are:

• Walking – the ability to walk more than 200 meters on the flat without stopping or severe discomfort.
• Bending – the ability to get into or out of a standard saloon car, or the ability to bend or kneel to pick up a light object from the floor and straighten up again.
• Communicating – the ability to answer the telephone and take a message.
• Reading – having the eyesight required to be able to read with corrective aids (if required).
• Writing – having the physical ability to write legibly using a pen or pencil.

 

Permanent in this instance means that, in the opinion of an Appropriate Medical Specialist, the disability is expected to remain with the Life Insured for the rest of their life.

Coverage
For all Policies except joint life last death Policies, subject to terms and condition of claims, company will pay the Permanent and Total Disability Benefit Sum Insured as a single lump sum amount if the Life Insured is diagnosed as being permanently and totally disabled before the Life Insured's 70th birthday, and has been so disabled for a continuous period of at least 180 days.

Single life Policies:

Only one Permanent and Total Disability Benefit claim is payable.

Payment of the claim does not end the Policy (unless there is no Life Cover remaining in force) and any other Benefits on the Policy can continue unchanged.

Joint life first death Policies:

Only one Permanent and Total Disability Benefit claim is payable, on the first diagnosis of permanent and total disability of either of the Lives Insured.

On payment of the claim, Permanent and Total Disability Benefit ends for both lives, but the Policy does not end (unless there is no Life Cover remaining in force) and any other Benefits on the Policy can continue unchanged.

Joint life last death Policies:

This Benefit is not available

 

Joint life both death Policies:

Where both Lives Insured have chosen this Benefit, claims are payable separately on the diagnosis of permanent and total disability for each Life Insured.

On payment of the claim, Permanent and Total Disability Benefit ends for the Life Insured making the claim, but the Policy does not end (unless there is no Life Cover remaining in force) and any other Benefits on the Policy can continue unchanged.

 

Company will not pay a Permanent and Total Disability Benefit claim if it is directly or indirectly attributable to:
The Life Insured being found to be infected by any Human Immunodeficiency Virus (HIV) or to be carrying any antibodies to such a virus

Exclusions applying to all Benefits:

In all cases, company will not pay a claim if the Policy ended or the Benefit ended before the Claim Event took place.
Company will not pay a claim if it is directly or indirectly attributable to:

• The Life Insured knowingly or recklessly failing to disclose or deliberately misrepresenting any fact when applying for the Policy, or an increase to the Policy, or for a reinstatement of the Policy or any Benefits on the Policy. The nondisclosure or misrepresentation is such that it would cause the company to:


• totally decline the Benefits applied for; or
• accept the Benefits applied for in whole or in part with an additional premium payable and/or an exclusion clause on certain Benefits; or
• accept Life Cover on some terms but to decline one or more Additional Benefits


• The Life Insured's active involvement in:

Terrorism or conspiracy to commit terrorism which includes any activity that jeopardizes the continuance of human life or causes damage to property;

• War or warlike operations (whether war is declared or not);
• Invasion, hostilities, mutiny, riot, civil commotion, civil war, rebellion, insurrection or the usurping of government power;
• An act committed by a foreign enemy;
• Any activity (military or otherwise) or conspiracy that causes or leads to the proclamation of martial law or a state of siege.


•  The Life Insured committing suicide (whether sane or insane) within:
• 12 months of the risk commencement date; or
• 12 months of the date of re-instatement of the Policy; or
• 12 months of an increase in the Life Cover or Family Income Benefit Sum Insured, or
• 12 months of an addition of Family Income Benefit to the Policy.


• The Life Insured intentionally causing a self-inflicted injury or attempting suicide (whether sane or insane).


• A criminal act perpetrated by:
• The Life Insured; or
• The Policy Owner or any Beneficiary against the Life Insured.


• Addiction to, abuse or misuse of alcohol or non-prescribed drugs;
• Mental, nervous or psychiatric disorders, without demonstrable brain disease.

 

The Company will not pay a claim if the Claim Event:

• does not exactly meet the definition of the Benefit in this document, or
• occurred before the risk commencement date, or
• occurred before the Benefit was added to the Policy,
• or (for a Benefit increase), occurred before the date of the increase, or
• occurred before the Policy was reinstated, or
• Occurred before the completion of a qualifying period relevant to the Benefit being claimed,

Unless the medical condition was disclosed to, underwritten and accepted by the Company as part of the application, or an increase or in any reinstatement process.

 

Since this is an optional cover you have to pay additional charge to include this rider.

The charge for Permanent and total disability Benefit varies with age and is based on the Benefit Sum Insured.

Permanent and total disability Benefit and the accompanying charge will stop at the earlier of a claim or the Life Insured reaches age 70.

• It will relieve the financial pressure of your shoulder if you suffer an illness or injury that leaves you totally and permanently disabled.
• The lump sum benefit will be paid to cover the medical expenses or fund permanent lifestyle changes, i.e. mobility aid, disability aids or healthcare products.

 

 

The complete information given above is based on the Zurich Futura - Policy Terms & Conditions. The terms and conditions vary from product to product and company to company. You should read and understand the terms and conditions of each product of every company before taking a decision. We are not responsible to the errors and omissions made by any customer on making a decision for buying a product after reading the contents of this website.

• All-risk property provides protection for exposures large or small, above or
  below ground.
• Mining equipment, as well as newly acquired equipment, is automatically included.
• Machinery breakdown provides protection for processing machinery and equipment that is vital to your operation.
• Business income, contingent business income and extra expense insurance are available for surface and processing facilities.
• Liability insurance provides protection for bodily injury, property damage, personal injury and advertising injury. It includes general liability insurance for mining and processing, as well as newly acquired or formed organizations.

The coverage is usually provided for a period of one year.

Mining, anywhere in the world is without doubt inherently hazardous with a clear potential to cause large scale losses with far reaching financial consequences.This will give to mining clients in operating in high-risk environments with a variety of third-party liability solutions.

• All-risk property provides protection for exposures large or small, above or
  below ground.
• Mining equipment, as well as newly acquired equipment, is automatically included.
• Machinery breakdown provides protection for processing machinery and equipment that is vital to your operation.
• Business income, contingent business income and extra expense insurance are available for surface and processing facilities.
• Liability insurance provides protection for bodily injury, property damage, personal injury and advertising injury. It includes general liability insurance for mining and processing, as well as newly acquired or formed organizations.

The coverage is usually provided for a period of one year.

Mining, anywhere in the world is without doubt inherently hazardous with a clear potential to cause large scale losses with far reaching financial consequences.This will give to mining clients in operating in high-risk environments with a variety of third-party liability solutions.