Pramerica Life Group Health Kavach

Option I:

Accidental Death Cover Under this option, on occurrence of death due to an accident, a lump sum benefit equal to Accidental Death Sum Insured will be payable and the cover will cease.

Option II:

Critical Illness Cover Under this option, a fixed lump sum benefit equal to 100% of the Critical Illness Sum Insured will be payable on diagnosis with any of the 21 critical illnesses as mentioned below, provided that the insured member has survived the survival period following such diagnosis. The cover will cease thereafter.

Option III:

Accidental Death plus Accidental Permanent, Total or Partial Disability Cover Under this option, on occurrence of ATPD, a lump sum benefit (% of ATPD Sum Insured) will be payable as per the ATPD benefit defined below. The Sum Insured for the ADB cover will be reduced by the ATPD benefit already paid. Hence, on occurrence of death due to an accident, a lump sum benefit equal to Sum Insured less ATPD benefit already paid will be payable and the cover will cease.

Option-IV:

Accidental Death plus Critical Illness Cover Under this option, a fixed lump sum benefit equal to 100% of the Critical Illness Sum Insured will be payable on diagnosis with any of the 21 critical illnesses, provided that the insured member has survived the survival period following such diagnosis. In addition, on occurrence of death due to an accident, a lump sum benefit equal to Accidental Death Sum Insured will be payable in addition to the CI benefit already paid and the cover will cease.

Option-V:

Accidental Death plus Accidental Permanent, Total or Partial Disability plus Critical Illness Cover Under this option, on occurrence of ATPD, a lump sum benefit (% of ATPD Sum Insured) will be payable as per the ATPD benefit defined below. An additional fixed lump sum benefit equal to 100% of the Critical Illness Sum Insured will be payable on diagnosis with any of the 21 critical illnesses as mentioned above (in Optionll), provided that the insured member has survived the survival period following such diagnosis. Further, on occurrence of death due to an accident, a lump sum benefit equal to Sum Insured less ATPD benefit already paid will be payable and the cover will cease. Under Option III & V, the ADB & ATPD Sum Insured shall always be equal only at the inception of the Policy. Subsequently, the benefits payable under ATPD for the different insured events can be at 25%, 50%, etc. of the chosen ATPD Sum Insured at policy inception Under Option II, IV & V, the CI cover will terminate upon payment of the first CI benefit for any of the mentioned 21 critical illnesses