This is a non-medical plan offered to persons between the ages 18 years and 60 years and provides:

Features and Benefits of the Maximum Protector

Critical Illness Coverage

  • 100% of sum insured paid, less any indebtedness on 1st diagnosis of cancer, heart attack, coma, paralysis and major burns (for the purpose of this policy, see the definitions in the policy contract):

Life Insurance

  • Death in the 1st year, if it is not as a result of an accident, will result in a refund of all premiums paid plus policy fee and accumulated cash value.
  • Death in the 2nd year, if it is not as a result of an accident, will result in a benefit payable of 25% of the sum insured plus the accumulated cash value less any indebtedness.
  • Death after the 2nd year will result in a benefit payable of 50% of the sum insured plus the accumulated cash value less any indebtedness.
  • Death as a result of an accident from day one, will result in a benefit payable of 50% of the sum insured plus the accumulated cash value less any indebtedness.

Accidental Dismemberment

The maximum amount payable in respect of Accidental Dismemberment and In-Hospital Expense is fifty (50%) of the sum insured. However, the policy will remain in force provided that all premiums continue to be paid and other conditions under the contract of insurance are met. See benefit schedule below:
  
EVENTBENEFIT
Total and permanent disability50% of the Sum Insured
Loss of two or more members50% of the Sum Insured
Loss of one member25% of the Sum Insured
Loss of thumb10% of the Sum Insured
Loss of index finger7.5% of the Sum Insured
Loss of any other finger5% of the Sum Insured
Admission to hospital at least 7 days 5% of the Sum Insured (available only twice during the life of the policy
and must be unrelated conditions and must be separated by at least 12 months)

Cash Value

You have the option to pay regular investment premium of which 91% is invested in an accumulated fund.

Life Insurance for Dependent Children up to 18 years

  • The life insured may choose to purchase life insurance on the life of his/her child who is under the age of 18 years at the time of the application for an additional premium
  • Benefit payable on the death of the child is 25% of the sum insured
  • The dependent rider terminates at:
    • The death of the life insured
    • The death of the child
    • The anniversary at which the child reaches 18 years

Terminal Illness Benefits

25% of the sum insured is payable where a physician confirms that the life insured is terminally ill and the prognosis is that death is expected to occur within six (6) months, provided that:
  • Policy must be in force for at least two (2) full years for benefit to be payable
  • Policy must not be within 6 months of expiry date for benefit to be payable

No Claim Bonus

50% of all premiums paid plus 100% of accumulated cash value will be refunded on the expiry date, provided that the policy is in force and all premiums have been paid.
The expiry date is the 20th anniversary of the Issue Date.

Encashment

Cash may be withdrawn from the accumulated fund at any time subject to a minimum amount and a transaction fee determined by the Company from time to time.

Termination

The policy will cease to be in force if any premium is outstanding for longer than 30 days.
Disclaimer: This information leaflet is not a contract of insurance. The information contained herein is intended to provide you with an overview of the Maximum Protector 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.
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