This policy is issued on the lives of two persons and simultaneously covers the risk on the lives of both for the sum assured. The sum assured is payable either at the end of specified term or earlier death of either of the insured person in accordance of the term and conditions of the plan.
In addition to flexible payments, the New Joint Life offers seven additional major cover and benefit options, for only a small increase in your premium:
- Accidental death
- Accidental dismemberment
- Triple Accident Benefit
- Total or temporary disablement
- Waiver of premium
- Family income
- Critical illness
- Permanent Total Disability
If death occurs as a result of an accident, choosing this additional cover means you will receive double the basic sum assured.
In addition to accidental death cover, this option adds another layer of protection by covering a range of disabilities. If you become disabled due to an accident, you will receive either 50% or 100% of the basic sum assured, depending on the type of disability.
This option pays additional benefits in the event of accidental death, accidental dismemberment and accidental permanent, partial or temporary disability.
It provides compensation in case of disability due to Accident or Sickness.
If you suffer a lengthy illness or are unable to work due to an accident, paying your premiums can become a real burden. To help ease this potential worry, you can choose to waive your premium payments. After three months of incapacitation, Alliance will pay your premiums until you return to work or the plan matures, whichever occurs first.
This benefit is additional to the basic sum assured. It’s designed to provide your family with a regular income to meet your ongoing living expenses.
With greater affluence, health awareness and improved medical facilities, once fatal diseases like heart attacks and kidney failure can often now be treated, increasing our financial burden.
Alliance offers critical illness cover as a rider to help meet the costs of medical treatment should you suffer from serious medical conditions (see below). In this event, you will receive the sum assured under this rider, subject to terms and conditions.
- Multiple Sclerosis
- Major burns
- Myocardial Infarction
- Coronary artery (bypass) surgery
- Renal failure
- Major organ transplant