Asian Alliance Retirement Plan is an investment plan that provides coverage for you with guaranteed level premium for the period of the plan, where cash values build up from year to year. You can choose the term of your plan designed for 15, 20 or 30 years, depending on your age and the purpose for which the plan is prepared. When the policy matures at the end of the period, Asian Alliance pays you the sum assured together with the accumulated bonuses declared yearly.
Asian Alliance Retirement Plan also offers you benefits such as:
- A substantial fund at maturity, which can be:
- collected in a lump sum to be invested for returns on your own
- re-invested through the company or an associated company on your instruction
- converted to an annuity to draw periodical sums as decided by you
- automatic eligibility for a life cover during the entire term
- entitlement to bonuses declared annually subject to valuations and will also qualify for a Guaranteed Loyalty Bonus on completion of every 10 years of premium payment
- maintenance of the policy at no cost if you face disability due to accident or sickness
- Automatic Paid Up Condition after 2 to 3 years of premium payment period
- Loan facilities based on your calculated cash values
- Extended Life Cover for a plan designed for over 10 years
- House Protection Insurance to protect damages against Fire, lightning and natural perils
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| Optional Benefits |
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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. |
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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. |
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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. |
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Family Health Care Benefit
This covers your spouse and children for surgical and hospitalization expenses up to Rs. 75,000/- per year. |
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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. |
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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. |
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House Protection Insurance
Extend the cover to your valuable property / house and protect damages against fire, lightning and natural perils.
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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.
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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.
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