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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:

Plan
Premium
Coverage
A
J$80,000
J$422.40
B
J$120,000
J$633.60
C
J$150,000
J$792.00
D
J$250,000
J$1,320.00
E
J$400,000
J$2,112.00
F
J$650,000
J$3,432.00
G (New)
J$1,000,000.00
J$5,280.00

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 – 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

Exclusions:

You will not receive benefits if your disgnosis of one of the covered criticall llnesses is caused by:
  1. willful, self-inflicted injuries or illness
  2. abuse of drugs and / or alcohol
  3. committing or attempting to comit a crime or involvment in criminal activity
  4. poison, inhaled poisonous gases or vapours
  1. pre-exisitng conditions
  2. bodily through external and violent means
  3. AIDS, AIDS-related complex of infection by HIV virus
  4. injury, illness or death resulting directly or indirectly from nuclear reaction, radiation or radioactive contamination
  1. willful, self-inflicted injuries or illness
  2. abuse of drugs and / or alcohol
  3. committing or attempting to comit a crime or involvment in criminal activity
  4. poison, inhaled poisonous gases or vapours
  5. pre-exisitng conditions
  6. bodily through external and violent means
  7. AIDS, AIDS-related complex of infection by HIV virus
  8. injury, illness or death resulting directly or indirectly from nuclear reaction, radiation or radioactive contamination

CUNA CARIBBEAN INSURANCE jamaica ltd.

Family Indemnity Plan: Critical Illness Rider