This is a non-medical plan offered to persons between the ages 18 years and 60 years and provides the benefits listed below

Features and Benefits of the Life Protector

Life Insurance

  • Death in the 1st year, if it is not as a result of an accident, will result in a refund of all premiums paid plus policy fee paid
  • Death in the 2nd year, if it is not as a result of any accident, will result in 50% of the sum insured payable less any indebtness
  • Death after the 2nd year will result in 100% of the sum insured payable, less any indebtedness
  • Death as a result of an accident from day one will result in 100% of the sum insured payable, less any indebtedness

Accidental Dismemberment

The maximum amount payable in respect of Accidental Dismemberment is fifty (50%) of the sum insured. However the policy will remain in force, provided premiums continue to be paid..see benefit schedule below:
  
EVENTBENEFIT
Total and permanent disability50% 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 and index finger10% of the Sum Insured
Loss of thumb7.5% of the Sum Insured
Loss of index finger5% of the Sum Insured
**Loss of a member is defined as loss of one hand, foot or sight of an eye.

Life Insurance for Dependent Children up to 18 years

  • The Life insured may choose to purchase life insurance on the life of his/her child who is under the age of 18 years at the time of the application for an additional premium
  • Benefit payable on the death of the child is 50% of the sum insured
  • The dependent rider terminates at:
    • The death of the life insured
    • The death of the child
    • The anniversary at which the child reaches 18 years

No Claim Bonus

50% of all premiums paid will be refunded on the expiry date, provided that the policy is in force and all premiums have been paid.

Encashment/Surrender Value

This policy does not accumulate cash value or surrender value.

Termination

The policy will cease to be in force if any premium is outstanding for longer than 30 days.
Disclaimer: This information leaflet is not a contract of insurance. The information contained herein is intended to provide you with an overview of the Life Protector plan. Sagicor does not accept liability for the accuracy and completeness of the information provided herein and refer you to your policy contract for full details on the plan.
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