Under both the benefit structures– ‘Level Cover Benefit’ and ‘Increasing Cover Benefit’, Accelerated Terminal Illness benefit is available as an inbuilt benefit.
On the life assured being diagnosed with terminal illness during the policy term, the benefit equal to death benefit would be paid provided the policy is in-force. The policy will terminate as a result of a Terminal illness claim.
Terminal illness is defined as the conclusive diagnosis of an illness that is expected to result in the death of the life assured within 180 days. Such diagnosis of terminal illness should be by the opinion of two appropriate independent medical practitioners specializing in treatment of such illness. Medical practitioners should be registered with the Indian Medical Association and approved by the Company. Further, the Company reserves the right for independent assessment.