SICOM

Total and Permanent Disability

2 or 3 times the Sum Assured together with the accrued bonus as at date of disability, irrespective of any survival benefits already paid.

Health Care Cover

2 or 3 times the Sum Assured together with the accrued bonus in case of diagnosis of any one of the following specific illnesses, irrespective of any survival benefits already paid:

• Coronary Artery Bypass Graft (CABG)
• Stroke
• Cancer
• Kidney Failure
• Major Organ Transplant
• Paraplegia, Quadriplegia, Diplegia, Hemiplegia and Tetraplegia
• Blindness
• Major Burns
• Cardiac Valve Surgery
• Pulmonary Artery Hypertension
• Coma
• Brain Damage
  
  

Maternity Cover

• It covers  Normal Delivery as well as Caesarean
• Possibility of claiming from multiple policies
• Limit per policy: 10 % of Sum Assured
• Premium for the Maternity Cover ceases after a claim is admitted
• Cover ceases at age 65 years
  

Surgical Cover

• Possibility of claiming from multiple policies
• Limit per policy: 10 % of Sum Assured
• Premium for the Surgical Cover ceases after a claim is admitted
• Cover ceases at age 65 years
  

Age of policyholder ranges from 18 to 55 years
Age at entry + term should not exceed 70 years

• National Identity Card
• Recent Utility Bill (not more than 3 months old)
• Birth certificate
• Marriage Certificate (as applicable)
• Bank details for payment of premium
• Payment of First Month Deposit

What is the minimum premium?

The minimum monthly premium is Rs 300.

What is the waiting period for maternity cover?

There is a waiting period of 18 months under maternity cover from commencement date of the policy to the date of the child delivery.

What is the waiting period for surgical cover?

There is no waiting period for claim under surgical cover due to accidental bodily injury or sickness.

A waiting period of 90 days is applicable for claim under surgical cover arising for reasons other than accidental bodily injury or sickness.

What amount can we claim under the maternity and surgical cover?

The limit per policy is 10% of the Sum Assured for each cover. However, you can claim once in a policy lifetime.

Is it a cash back policy?

Yes, it is a cash back policy with survival benefits payable every 5 years.

Term of the cover

Policy terms are 15, 20, 25, 30 & 35 years.

Is it a medical insurance?

No, it is a life assurance policy covering TPD, critical illnesses, surgical cover and maternity cover.

Can the policy be taken jointly?

Policy can be single or joint.

What happens to premium under surgical cover and maternity cover once a claim is made?

Premium under surgical cover and maternity cover ceases after a claim is paid.