Asian Alliance Insurance - Sri Lanka

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Asian Alliance Child Plan provides you with a life cover during the plan period, with the child being named as the beneficiary. When the premium ceases, your child will begin to receive the sum assured together with the accumulated bonuses declared yearly.

Asian Alliance Plan for your Child also offers you and your child benefits such as:

In the unfortunate event of your demise, the life cover will come into effect, and the sum assured will be credited to your child immediately
When your child turns 16/21 the premium will cease and at this point he/she will begin to reap the benefits. At this point you will also receive the maturity value with bonuses
At the end of the term your child will receive a further 200% of the sum assured at 40% per year for 5 consecutive years
If you pass away during the annuity benefit paying period, your child will receive double the financial benefit for the remaining years
Extended Life Cover for a plan designed for over 10 years
Automatic Paid Up Condition after 2 to 3 years of premium payment period
Loan facilities based on your calculated cash values

Optional Benefits
	Family Income Benefit This unique rider provides your family with an agreed monthly income for the plan period in the event of your unfortunate demise and/ or Total Permanent Disability due to sickness or accident.
	Accidental Death and Disability Benefits An additional sum payable in the unfortunate event of accidental death, Total Permanent Disability and Permanent Partial Disability due to an accident.
	Premium Protector If you face Total Permanent Disability due to an accident or sickness, we will maintain the policy in force at no cost to you.
	Family Health Care Benefit This covers your spouse and children for indoor surgical and hospitalization expenses up to Rs. 75,000/- per policy year.
	Critical Illness Benefit An additional sum payable on diagnosis or actual undergoing of 26 critical illnesses covered under the policy.
	Hospitalization Benefit A fixed amount up to a maximum of Rs. 10,000 per day for hospital stay. This benefit can be extended to the spouse and four children.
	Terminal Expenses This makes a provision for funeral expenses in the event of your demise. This will be released on production of the death certificate.
	House Protection Insurance Extend the cover to your valuable property / house and protect damages against fire, lightning and natural perils.
	Additional Life Benefit The life cover can be enhanced by 6 times the initial sum assured of the policy which is payable in an unforeseen event of the life assured.
	Family Healthcare Rider This is an extension of the Family Health Care Benefit. This covers you & your family for indoor surgical hospitalization expenses upto Rs. 300,000/- per policy year.