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Protection Additional Benefits - Protection

Additional Benefits - Protection

Accidental Death Benefit (ADB)

In the event of accidental death up to 2 times of the sum assured is payable. (Not Applicable For Union Sisumaga)

Family Income Benefit (FIB)

In the event of the death of the life assured, the company pays an annual income equal to FIB sum assured in quarterly installments, until the expiry of the policy term.

Family Protection Benefit / Level Term (LTB)

This benefit provides you with up to 5 times the value of your Basic Sum Assured with a small addition to your premium. This is paid in case of an accidental or natural death.

Funeral Expenses Benefit (FEB)

Up to maximum of Rs.50,000/= for the funeral expenses, paid on notification of death.

Spouse Benefit (SPB)

The benefit will provide life cover for the spouse of the policyholder.

Permanent and Partial Disability Benefit - due to accident (EPD)

In the event of partial permanent disability due to accident, according to the severity of the disability a percentage of Sum Assured is payable to the insured.

Total Permanent Disability Benefit - due to accident or sickness (TPS)

In case of total permanent disability due to accident or sickness, the relevant sum assured will be paid in 5 equal annual installments. (Not Applicable For Union Sisumaga)

Total Permanent Disability Benefit - due to accident (TPA)

In case of total permanent disability due to accident, the relevant Sum Assured will be paid in 5 equal annual installments.

Waiver of Premium (WPB)

In case of total permanent disability due to accident or sickness, the premium for
  • Basic Life Cover
  • Suwamaga Benefit (CIC)
  • Spouse Benefit (including hospitalization & Suwamaga for spouse)
  • Comprehensive Surgery Benefit
  • Child Health Benefit will be waived off.

For further details please contact our Union Assurance Advisor or contact us directly on 0112 990 990
Note : Please refer Policy Conditions for further clarifications.