TPL Life & Telenor Microfinance Bank – Term Life Insurance Plan:
It’s time to embrace the uncertainties of life and plan for a worry free future. TPL Life and Telenor partner to launch a term life insurance plan (offered under group life plan) exclusively for Telenor customers, providing policy holders and their families with a secure future.
Your loved ones depend on your financial support for their livelihood, but ensuring that they will be financially taken care of in case of an unfortunate event is vital for your peace of mind. The term life insurance plan provides financial assistance in case of unforeseen death of the policy holder.
The plan comprises of the following benefits:
Key Features
- Complete financial coverage for the security of your family
- Affordable premium with maximum coverage
- Purchase up to 2 units per person to enhance coverage and avail double benefits
- Three-fold coverage against:
- Natural death (cover up to Rs. 100,000)
- Accidental death (cover up to Rs. 300,000)
- Accidental medical (expenses up to Rs. 5,000)
| Term Life Insurance Plan | |
| Natural Death | Rs. 100,000 |
| Accidental Death | Rs. 300,000 |
| Accidental Medical | Rs. 5,000 |
| Age Criteria | 18 to 64 years |
| Insurance Tenure | 12 months |
| Units | Single Unit |
| (Minimum 1 Unit & Max 2 Units can be purchased by the customer) | |
| Premium | |
| Rs. 800 per unit/annum | |
Important Notes:
- No Declaration of Good Health (DGH) will be required
- Pre-Existing conditions are not covered
- Waiting period of 30 days will be applicable for Natural Death Benefit
- No exclusions for Natural Death Benefit
Exclusion for Natural Death:
- Pre-Existing Conditions are not covered under the DAC Cover.
- Waiting Period of 30 Days shall be applicable on DAC Cover.
