30 Pay Life Christmas Bonus Plan is an attractive and valuable combination of life protection and annual cash payments. It provides:
- A seasonal bonus to help you through the festive period
- Life Insurance
- Comfort as your loved ones are protected
Type of Product: Traditional
Minimum Joining Age: 13 years
Maximum Joining Age: 60 years
Premium: Premium is determined by Amount of Insurance that is minimum Rs 25,000
Premium Frequency: Monthly, quarterly, half-yearly or annually
Additional Voluntary Contribution: Not allowed
Term of Policy: Premium paid for 30 years only Insurance cover for lifetime
Surrender Value: Amount of Insurance less charges if applicable
Benefits at Maturity: Nil
Death Benefits: Amount of Insurance
Disability Benefits:
1. In case of physical impairment following an accident
a. Loss of one limb, half the Amount of Insurance will be paid
b. Loss of two limbs, the Amount of Insurance will be paid
2. In case of total and permanent disability as a result of sicknesses/accident, the Amount of Insurance will be payable in 24 equal monthly instalments
3. In case of loss of two remaining premiums to maturity will be paid by the company
Joint Benefits: No joint benefits
Cash Bonus: Annual bonus of 2% of the Amount of Insurance will be paid in December over the lifetime of the assured
How do I apply?
Simply contact your BAI Insurance Advisor or call us free on 800 1000.
You can visit any of our branches across the island.
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