Supplementary Benefit Riders

3. Recovery Benefit Rider (RBR)

Under the Recovery Benefit Rider (RBR) the company will pay the Face Amount of the rider if the insured suffers from one of the following diseases;

1. Heart Attack
2. Coronary Artery Disease requiring by-pass surgery
3. Stroke
4. Cancer
5. Renal Failure
6. Blindness due to illness
7. Organ Transplant
8. Multiple Sclerosis
9. Paralysis.

The Recovery Benefit Rider coverage begins six months after the issue date of the policy. The benefit will be payable only if the insured is alive after the expiry of 14 days from the date of diagnosis or surgery for the conditions listed above.

The coverage can be taken for terms of 5, 10, 15 or 20 years. The minimum age at entry for the Recovery Benefit Riders is 20 years nearest birthday. The maximum age of entry for the Recovery Benefit Rider is 60 years nearest birthday and the coverage will automatically expire when the insured reaches the age of 65 years nearest birthday or the policy expiry date which ever may come first.

The minimum amount that the Recovery Benefit Rider may be taken for is Rs.75,000/-. The maximum amount can be up to 75% of the baric face amount. The face amount for the Recovery Benefit Rider can not exceed Rs.1,000,000/-.;