This is a non-medical comprehensive insurance plan specifically designed to help with financial expense in the event of death or a serious accident.


  • Issue age is 18 years to 75 years
  • Minimum coverage at issue ages 18 - 75 years is $250,000
  • Minimum coverage at issue ages 71 - 75 years is $100,000 with incremental increase of $50,000
  • Maximum coverage at issue ages 18 - 50 years is $10,000,000
  • Maximum coverage at issue ages 51-60 years is $8,000,000
  • Maximum coverage at issue ages 61-65 years is $4,000,000
  • Maximum coverage at issue ages 66-75 years is $2,000,000
  • Premium payments for 25 years only (or to age 85 years, if earlier)
  • After payment cease, the coverage remains in force in full


  • Death – up to $5,000,000
  • Terminal Illness - provided the policy is in force for at least two (2) full years and the Insured is confirmed by a physician to be terminally ill and prognosis is that death is expected to occur within six (6) months - 50% of the death benefit is paid with the balance payable upon death.
  • Accidental Dismemberment

    Loss of two or more members**100% of the Sum Insured
    Loss of one member**50% of the Sum Insured
    Loss of thumb and index finger25% of the Sum Insured
    Loss of thumb20% of the Sum Insured
    Loss of index finger15% of the Sum Insured
    **Loss of a member is defined as loss of one hand, foot or sight of an eye.

  • Total and Permanent Disability - 100% of sum insured is payable if insured becomes totally and permanently disabled due to accident

  • Accident, In Hospital Income - if hospitalised due to an accident, provided the insured is in hospital for at least seven (7) days, then 10% of the sum insured will be paid. This benefit is restricted to one (1) such claim per year and a lifetime maximum of two (2) such claims, provided that at least 12 months separate the period.


Claims are paid to the beneficiary (ies) within 48 hours of receiving all the required claim documents. Living benefit claims are paid within 5 working days of receiving required documentation.
Graded benefits:
Death in the first 12 months          - refund of all premiums
13 – 24 months                               - 50% of sum insured
After 2nd year                                - 100% of sum insured
For accidental death persons who were either travelling in a four- wheeled vehicle (other than as a fare-paying passenger on public transport) and wearing a seat belt or on a motor cycle whilst wearing a helmet up to 25% of the sum insured from the day of the policy, less any indebtedness.

Safe Driving And Safe Riding

Any policy benefit resulting from a road accident in which the insured was:
Driving or riding in a motor car or on a motorbike while having on his or her seat belt or protection helmet - such benefit will be increased by 25%


This policy does not accumulate cash values.


The policy will terminate:
  • On death
  • When a premium is at least 31 days overdue
  • On surrender **
**There is no surrender value except at the policy anniversary when the life insured is age 85 nearest birthday. At that time, the plan may be surrendered for 85% or $850 per $1,000 of sum insured.
Disclaimer: This information leaflet is not a contract of insurance. The information contained herein is intended to provide you with an overview of the Purple Shield 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.