This is a non-medical critical illness plan intended to provide the life insured with a living benefit lump sum payout. The amount paid can be used for any purpose, from immediate health related expenses to more general financial obligations.

Non-Medical

  • Issue age is 18 - 60 years
  • Maximum coverage at issue age 18 - 50 years is $5,000,000
  • Maximum coverage at issue age 51 - 60 years is $4,000,000
  • Minimum premium is $6,000 per year

Benefits

The sum insured, less any indebtedness is payable on the first diagnosis of most forms of cancer, heart attack, stroke, blindness, loss of speech, paralysis or major burns, provided that the diagnosis is not made within 180 days of the Issue Date. In this circumstance, the benefit is restricted to the return of all Basic Premiums paid. Claims must be made no later than 6 months after diagnosis. (For the purpose of this policy, please see the critical illnesses definition in the policy contract).

No Claim Bonus

A full refund of all Basic Premiums will be paid out on death, provided the policy is in force, or on the expiry date, provided that all premiums have been paid.
The expiry date is the policy anniversary nearest the life insured’s 75th birthday or on the 20th anniversary of the issue date, if later.

Encashment/Surrender Value

This policy does not accumulate cash values or surrender value.

Termination

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