Supplementary Benefit Riders

9. Income Shield

This rider provides income to the insured and his/her family on death or disability in case of an accident. The benefits of this rider are payable on;

• Accidental death
• Dismemberment of limbs, loss of sight, speech and hearing
• Permanent Total Disability
• Medical expenses caused by an accident (optional)

It offers fixed amounts of benefits irrelevant of the basic life policy (IGP) face amount. There are four different plans and two different options.

The advantage of this rider is that it gives the insured the option of covering his/her family on the same basic policy. That means that once a person has effected the IGP, he/she can also take this rider for the remaining family without having to take the IGP for the family. Thus one single policy can cover the whole family in case of an accidental death, disability or hospitalization.

BENEFITS	PLAN 1	PLAN 2	PLAN 3	PLAN 4
Accidental Death, Dismemberment & Permanent Total Disability	Rs.500,000	Rs.350,000	Rs.250,000	Rs.150,000
Triple Indemnity Public Conveyance	1,500,00	1,050,000	750,000	450,000
Children: AD&D, 24 Hour Cover only	500,000	350,000	250,000	150,000
Annual Premium: Office & Supervisory Work	2,325	1,630	1,165	700
Others:	3,400	2,380	1,700	1,020
Children (ages 1-19 or 23 if full time students):	1,050	735	525	315
OPTION TWO – AD&D with Triple Indemnity (as above), plus Medical Expense Reimbursement.
Accidental Medical Expense Reimbursement	Rs.50,000	Rs.35,000	Rs.25,000	Rs,15,000
Total Annual Premium for all Benefits: Office & Supervisory Work:	3,500	2,460	1,760	1,050
Others:	5,500	3,850	2,750	1,650
Children (ages 1 – 19 or 23 if full time students):	2,175	1,525	1,090	655

Dismemberment is defined as and the sum assured is paid at the following rates:

Loss of both hands or feet Amount payable 100%
Sight of both eyes Amount payable 100%
Hearing of both ears Amount payable 100%
Loss of speech Amount payable 100%
One limb and sight of one eye Amount payable 100%
One limb Amount payable 50%
Sight of one eye Amount payable 50%
Thumb and index finger Amount payable 25 %

Permanent Total Disability is defined as an inability to engage in any occupation for which the insured is reasonably qualified by education, training or experience.

If the loss of life, dismemberment or total permanent disability of the insured or the covered member of the family occurs while riding as a passenger in a public transport, commercial airliner, elevator or as a consequence of a fire while in a theatre, hotel or any public building the benefit payable will be tripled.