Family Indemnity Plan (F.I.P)
Insure up to six members of your immediate family at one flat monthly premium.
Possible Insureds:
Criteria
- Biological Parents (up to / before age 76)
- Children ( under 25 yrs / unmarried)
- Spouse (not necessarily married)
- Parents In-Law (up to age 76)
Benefit Schedule:
Options | Monthly Premium | Individual Benefits |
|---|---|---|
A | J$422.40 | J$80,000 |
B | J$633.60 | J$120,000 |
C | J$792.00 | J$150,000 |
D | J$1,320.00 | J$250,000 |
E | J$2,112.00 | J$400,000 |
F | J$3,432.00 | J$650,000 |
G | J$5,280.00 | J$1,000,000.00 |
H | J$6,864.00 | J$1,300,000.00 |
I | J$8,864.00 | J$1,600,000.00 |
J | J$10,458.00 | J$1,800,000.00 |
K | J$12,680.00 | J$2,000,000.00 |
The Policyholder may change to a higher or lower plan no more than once every twelve (12) months.
Critical Illness Rider (CI)
Pushing your limits brings out the best in you and helps overcome adversity. If that adversity happens to be a serious illness then you could receive an additional benefit of up to $1,000,000 to help you keep going. Its for all who never give up! You may sign up for the CI Rider once you have enrolled in a Family Indemnity Plan.
No Medical Required!
Illnesses covered:
- Cancer
- Heart Attack
- Stroke
- Paralysis
- Major Burns
Maximum entry age: 59 years
Waiting period: 6 months, unless diagnosed with a critical illness as a direct result of an accident
Payout
Only one lump sum payment for the life of the Rider on a successfull claim submission
Premiums
First premium is determined by the age you have attained when you sign up for rider. Premium increases throughout the life of the Rider as you move into a new age band. See premium schedule below:
Age Band | Monthly Premium | |
|---|---|---|
Years | Coverage $500,000 | Coverage $1,000,000 |
18 – 34 | $350.00 | $700.00 |
35 – 44 | $715.00 | $1,430.00 |
45 – 54 | $1,490.00 | $2,980.00 |
55 – 59 | $2,245.00 | $4,490.00 |
Age Band | Monthly Premium | |
|---|---|---|
Years | Coverage $500,000 | Coverage $1,000,000 |
18 – 29 | $145.00 | $290.00 |
30 – 34 | $155.00 | $310.00 |
35 – 39 | $210.00 | $420.00 |
40 – 44 | $355.00 | $710.00 |
45 – 49 | $590.00 | $1,180.00 |
50 – 55 | $1,040.00 | $2,080.00 |
56 – 60 | $1,250.00 | $2,500.00 |
61 – 65 | $1,500.00 | $3,000.00 |
66 – 70 | $2,500.00 | $5,500.00 |
71 – 74 | $3,500.00 | $7,000.00 |
Filing a Critical Illness Rider Claim:
- Complete a Claim Form as proof of diagnosis for the Critical Illness Rider benefit. The Claim Form must be accompanied by a detailed medical report, signed by the attending specialist of the Policyholder.
- Claims must be presented within two (2) years after the confirmed diagnosis.
- CUNA Caribbean Insurance Jamaica Ltd. reserves the right to request additional documentation during the claims period
Exclusions:
- willful, self-inflicted injuries or illness
- abuse of drugs and / or alcohol
- committing or attempting to comit a crime or involvment in criminal activity
- poison, inhaled poisonous gases or vapours
- pre-exisitng conditions
- bodily through external and violent means
- AIDS, AIDS-related complex of infection by HIV virus
- injury, illness or death resulting directly or indirectly from nuclear reaction, radiation or radioactive contamination
- willful, self-inflicted injuries or illness
- abuse of drugs and / or alcohol
- committing or attempting to comit a crime or involvment in criminal activity
- poison, inhaled poisonous gases or vapours
- pre-exisitng conditions
- bodily through external and violent means
- AIDS, AIDS-related complex of infection by HIV virus
- injury, illness or death resulting directly or indirectly from nuclear reaction, radiation or radioactive contamination