The plan will pay a lump sum payment of the sum assured if you suffer any of the insured invents.( Critical illness, Total permanent disability or Death)
To give us all the medical and other information we ask for when applying for your plan and when claiming bene?t. If you don't do this, we may not pay your bene?t and may terminate your plan.
To make all the regular premium payments we need for the length of the plan.
To tell us of any claim within the time limits we set.
In the event of the policyholder being diagnosed with a critical illness, a percentage of the sum assured, is paid. This is an accelerated benefit, and the benefit paid on death is reduced by any critical illness benefits already paid.
In the event of the policyholder becoming permanently disabled, the full sum assured. This is also an accelerated benefit.
In the event of the death of the policyholder, the full Sum Assured as specified in the schedule is paid. This is reduced by any previous amounts paid under the critical illness or permanent disability benefits.
The Life assured is the only member who can be covered
The minimum age at entry is 18.
The maximum age at entry is 60.
Cover ceases at age 65. This limit also defines the maximum term available for each age e.g. for a 60 year old, the maximum cover term is 5 years.
Can I increase my premiums and benefits anytime I want to do so?
No, you cannot increase your premium and benefit once you choose your plan. However you have an option to increase your premium and your benefit automatically on every anniversary year. This will be on compound basis. If the option is not exercise at the inception of the policy it cannot be exercised later.
Enterprise Life will go on cover once the first premium has been received.
The duration of the plan depends on the term you choose. However if you are at age 60 the maximum term you can choose is 5 years.
Minimum term is 5 years
Maximum term is 30 years.
All claims should be reported at any Enterprise Life Branch offices. The documents required are spelt out in the policy conditions folder
Enterprise Life will not pay a claim if:
Your nominated trustee will make a claim on your life.
You must do the following: