Sunlife Insurance Company Ltd.

SUPPLEMENTARY INSURANCE

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SUPPLEMENTARY INSURANCE

  • SUPLEMENTARY DOUBLE ACCIDENT BENEFIT (DAB)
  • SUPPLEMENTARY PERMANENT DISABILITY and ACCIDENT BENEFIT (DAB)
  • SUPPLEMENTARY TERM POLICY (TP)
  • SUPPLEMENTARY CHILD EDUCATION RIDER POLICY (CER)
  • SUPPLEMENTARY Hospitalization insurance (H.I.)

Sunlife offers a number of supplementary covers to enhance coverage under different plans. These supplementary covers can be attached with the main policy and are not available exclusively. Below for the details of these supplementary covers:

SUPPLEMENTARY DOUBLE ACCIDENT BENEFIT (DAB)

The Double Accident Benefit referred to as DAB in the policy schedule or in the endorsement by the hereon is based on the proposal and declaration mentioned in the schedule or such endorsement as the case may be. DAB is normally given as supplementary cover with the Principal Insurance policy.
 
The advantages of taking DAB as supplementary cover with any Life Insurance policy is that the Company there on the if the death of Insured occurs by an accident within 90 days in addition to any other benefit payable hereunder a sum equal to the basic sum assured under this policy.
 
SUPPLEMENTARY PERMANENT DISABILITY AND ACCIDENT BENEFIT (PDAB)
The Permanent Disability and Accident Benefit referred to as PDAB in the policy schedule or in the endorsement by the hereon is based on the proposal and declaration mentioned in the schedule or such endorsement as the case may be. PDAB is normally given as supplementary cover with the Principal Insurance policy.

 

The advantages of taking PDAB as supplementary cover with any Life Insurance policy is that the Company hereon then if the death or disablement of Insured occurs within 90 days as a result of body injury caused solely and independently of any other case by accident, violent, external and visible means, capable of direct proof and not aggravated by bodily defects or infirmities the Company shall pay any of the following indemnities:

NATURE OF INJURY
SCHEDULE OF INDEMNITY BENEFIT
I)
Death
I)
Payment of sum equal to the basic amount of the Policy in addition to the sum assured by the policy.
II)
Permanent total disablement:
II)
Payment of sum equal to the basic amount of the policy and waiver of future premium under the policy, the sum assured under which remains payable as before.
 
a)
Total and permanent loss of all sight in the both eyes.
 
b)
Total loss by physical severance of both hands or both feet or of one hand and one foot at or above the wrist or ankle.
 
c)
Total loss by physical severance of one hands or one foot at or above the wrist or ankle together with the total and permanent loss of all sight in one eye.
III)
Loss of one foot or one hand at or above the wrist or ankle or all sight in one eye.
III)
Payment of sum equal to one half of the basic amount of the policy, the sum assured under which remains payable as per terms and conditions of the policy.
IV)
Total and permanent disability. (Total and permanent disability means disablement from engaging in being occupied with or giving attention to any employment or occupation whether for purposes of business, profession or otherwise)
IV)
Payment of annuity equal to one thenth (1/10) of the basic amount of the policy payable over 10 years and of future premium under the policy, the sum assured under which remains payable as before.

 

SUPPLEMENTARY TERM POLICY (TP)
In the event of death of the life insured during term of TP supplementary cover, the sum assured will be payable in addition to the benefits under the basic policy.
 
This will be in addition to the benefits payable under main policy and the amount will be equal to basic sum assured
 
This supplementary cover is an excellent opportunity for individuals who want to enhance coverage of their policy substantially on payment of a meager amount of premium. TP is available to lives between 35 and 50 years of age.
 
SUPPLEMENTARY CHILD EDUCATION RIDER POLICY (CER)
Child Education Rider (CER) is not separate from other life insurance policies. This is a whole life insurance which can be covered with any of endowment policy.
 
The term of the supplementary must be equal term of the main policy but not exceeds 20 years.
 
Benefits:
  1. In case of death of the assured/payor
    1. The amount equivalent to SUM ASSURED will be paid.
    2. Tk. 10 per thousand basic sum assured as ‘MASHOHARA’ payable during the term of the supplementary insurance.
  2. If the Policyholder survive full term of the policy this supplementary contract will be voided.
SUPPLEMENTARY HOSPITALIZATION INSURANCE (H.I.)
This supplementary cover provides benefits in case of hospitalization of the life insured, in Sunlife's approved hospitals, as a result of sickness or accident.
 
20% of basic sum assured will be beard by the Company specified for Hospitalization & Surgery or medicine cost.

H.I. is available to lives between 18 and 55 years of ages, whereas the basic sum must be Tk. 1 LAC of above. The coverage under H.I. will be limited to the amount Tk. 5 LAC.
 
Payable amount of H.I. supplementary premium will be refunded at the time of maturity as bonus if in case no claim under H.I..
 
Exceptions and conditions for H.I. are applicable.