Permanent Total Disability
How will you pay your loan liabilities if you become ill or injured in an accident and unable to work because you have become permanently and totally disabled?
Eurolife’s Permanent Total Disability benefit allows you to rest assured in case the unexpected happens and you cannot practice your profession, or another profession or occupation that is relevant to your education, training or experience. The sum insured is paid in four equal semi-annual instalments.
Who is it for?
Individuals aged 18 to 60 years old.
How long does it last?
It remains in force until the age of 67, or until the Basic Plan expiration date, whichever occurs first.
Permanent Total Disability due to Accident
This benefit offers protection against the risk of permanent and total disability, only due to accident. The sum insured is paid in four equal semi-annual instalments.
Who is it for?
Individuals aged 18 to 60 years old.
How long does it last?
It remains in force until the age of 67, or until the Basic Plan expiration date, whichever occurs first.
Waiver of Premium
How will you continue to have coverage in case an accident or illness makes you fully unable to work?
EuroLife’s Premium Payment Waiver gives you the solution. You stop paying premiums after a six-month waiting period (if the first six months have already been paid, the premiums will be refunded to the policyholder). Premiums thereafter will be paid by EuroLife as long as the inability to work continues and the Basic insurance policy remains in force.
Who is it for?
Individuals aged 18 to 60 years old.
How long does it last?
It remains in force until the ¾ of the policy duration, that is, for as long as the premium is payable.
Loan Instalment Protection
This benefit provides protection for borrowers in cases where the insured becomes totally unable to work due to health reasons, even temporarily. In the event of total disability, Eurolife pays the agreed monthly amount directly to the lending institution, covering all or part of the monthly loan instalment. Benefit payments commence after a waiting period of one or six months, depending on the customer's choice, and may continue for up to 24 monthly loan instalments per disability claim.
This benefit may only be added to new policies that are to be assigned immediately to a lending institution as security for a loan.
Who is it for?
Individuals aged 18 - 60
How long does it last?
- Minimum duration: 5 years
- Maximum duration: 40 years
- Mandatory expiry: Until the age of 67 years or until the Basic Plan expiration date, whichever occurs first.
