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Product code: C16
Được chấp thuận theo Công văn số 11468 /BTC-QLBH ngày 27 tháng 08 năm 2012 của Bộ Tài chính
With a strong belief and a commitment for making your life better, Cathay Life Viet Nam always gets along with you under any circumstances.
According to the above concept, we kindly introduce to you a new product “Cathay Cathay Advanced Accidental Endowment” with many advanced benefits:
If on the Maturity Date, while this Policy is still effective and the Insured is still alive and not yet becoming Total and Permanent Disability, the Company will pay the Maturity Benefit to the Beneficiary(ies) according to provisions of the Policy equal to 100% of the Sum Assured.
In the first two years of the contract, if the Insured got death or Total and Permanent Disability not caused by accident, the Company will pay benefit equal to 120% of total paid pemium. The next year of the contract period (s) the beneficiary will receive 100% of the Sum Assured.
If the Insured is hospitalized due to an accident, Company pays 0.1% Sum Assured per day for regular type. In addition to, if Insured stayed in ICU, the Company would pay more 0.1% Sum Assured for each hospitalization day.
If there is the unfortunate accident to cause the insured to undergo surgery, the Company will assume the risk by paying 1% of the sum insured for each surgery.
If there is a risk make Insured death or Total and Permanent Disability caused by accident, the Company will pay benefits equal to 200% of Sum Assured. If the Insured has a death or Total and Permanent Disability caused by trafic accident, the Company will pay benefits equal to 300% of Sum Assured. If the spouse of the insured has a death or Total and Permanent Disability caused by accident, the Company will pay benefits equal to 100% of Sum Assured.
One of the advantages of the Vietnam Cathay insurance products is Interest Feedback Benefit. At the end of each policy year during the Paying Period, you can receive an amount corresponding to the excessive interest (if any) of the 12-month average declared interest rate compared to the pricing interest rate of the policy.
Mr Nguyen Van A, 35 years old, buys Advanced Accidental Endowment with Sum Assured 100 million VND. The both policy term and Premium Paying Period are 20 years. Annual premium for this Product: 4,600,000 VND
Illutration Insurance Benefits:
|Non accidental Death/TPD for Insured benefit (*)||Min 5,520,000 VND
Max 100,000,000 VND
|Non traffic Accidental Death/TPD for Insured benefit||200,000,000 VND|
|Road traffic Accidental Death/TPD for Insured benefit||300,000,000 VND|
|Accidental Death/TPD for Spouse benefit||100,000,000 VND|
|In-Patient Surgical by Accident benefit||maximum 12 x 1,000,000 VND per year|
|General Hospitalization Indemnity by Accident benefit||maximum 120 x 100,000 VND per year|
|ICU Hospitalization Indemnity by Accident benefit||maximum 30 x 200,000 VND per year|
|Accumulated interest feedback (**)||18,214,155 VND|
(*) TPD : Total and Permanent Disability
(**)Accumulated interest feedback is calculated with declared interest rate assumption 11.5% during policy term.
Policy term : 15, 20 years
Premium paying period : equal to policy term
Age at entry : 18 to 50 years old
Max age at maturity : 65 years old