* When an Insured Person is
confirmed by the doctor as suffering from any one of the covered
illnesses, he or she will be paid a lump sum payment at the end of the
21
days (survival period) The Insured Person will
receive a lump sum amount of up to RM50,000
in the event he or she has been diagnosed and confirmed as suffering from any one of the Critical illnesses as defined in the Policy. Terms &
Conditions The Critical Illness experienced by the Insured Person is the first incident of that Critical Illness. Diagnosis is after the 'Elimination Period'. 'Elimination Period' means a period of ninety (90) days from the effective date of the Policy. Any major illnesses contracted or suffered during this period will not be covered.There is also a 21-day survival period after the date of the diagnosis of the specific critical illness before the claim is paid. EXCLUSIONS Like all other critical illness policies, there are exclusions such as: pre-existing conditions; illnesses contracted during elimination period; suicide;self-inflicted injury; illnesses contracted from alcohol abuse and drug abuse; any congenital disease; illegal acts; infection with HIV or AIDS and illnesses contracted from the use of nuclear weapons material. Health care charges are on the rise and the ACE Voluntary Hospital Income plan can help supplement the significant hospitalization, medical and other out-of-pocket expenses.
* Each dependent child will be
entitled to 25%
of the above coverage except Child's Education Benefit. "Child" is
defined as any legally dependent, unmarried children (including stepchildren and legally adopted children) over 30 days but under 21 years old. Basic Daily Hospital Income Benefit This protection provides the Insured Person with daily Hospital Income benefit of up to RM300 a day (for up to 730 days) in the event of an Accident or Sickness where the Insured Person is hospitalized.There are no restrictions on the choice of hospital or types of rooms because the cash benefits are paid directly to the Insured Person for use in any way. Daily Intensive Care Hospital
Income Benefit When the confinement of an Insured Person necessitates Intensive Care treatment, then the relevant Daily Hospital Income benefit described above applicable to such Insured Person, shall be doubled for the duration of such Daily Intensive Care hospitalization. The Daily Hospital Income benefit
amount and Daily Intensive Care Hospital Income benefit amount shall be paid
for each confinement. This is for a period not exceeding seven hundred and thirty (730) consecutive days for all such confinements consequent upon Sickness or bodily Injury resulting from any one accident or series of accidents and provided that:  The Daily
Hospitalization benefit payable is calculated from the first day of
hospitalization. However, no benefits shall be payable for a hospital stay less than one day (24 hours). Hospital confinement must occur within thirty (30) days from the date of the accident which results in bodily injury. EXCLUSIONS Like all other Hospital income plans there are certain exclusions such as war; self inflicted injury; illegal acts of the Insured; pregnancy; AIDS and AIDS related complex (ARC); routine physical examination; driving while intoxicated; personnel in the military services; and defense and law enforcement such as Police; certain hazardous sporting activities; engaging in aviation other than a fare-paying passenger in an aircraft operated by a licensed airline. Pre-existing conditions during the first year of coverage under the plan. Voluntary Personal Accident Plan Accidental injury can bring about
financially devastating consequences. ACE has put together some plans to give
you and your family sufficient protection.
* Each
dependent child will be entitled to 25%
of the above coverage except Child's Education Benefit. 'Child' means any legally dependent, unmarried children (including stepchildren and legally adopted children) over 30 days but under 21 years old. ** Each individual can obtain coverage of up to a maximum of 6 units Basic Personal Accident
Benefit In the event of an accident which results in Death or Permanent Disablement benefit of up to RM100,000. Accident In-Hospital Income
Benefit This protection provides the Insured Person with an additional hospital income of up to RM200 a day (up to 730 days) in the event of an accident, where the Insured Person is hospitalized. Cash benefits are paid directly to the Insured Person and can be used to cover stays in any hospital or room type. The Daily Hospitalization benefit payable is calculated from the first day of hospitalization. However, no benefits shall be payable for a hospital stay that is less than one day (24 hours). Hospital Confinement must occur within 20 days from the date of the accident which results in Bodily Injury. Funeral Expenses
Benefit In the event the Insured Person sustains Bodily Injury which results in death within 365 days from the date of the accident, he or she will receive a Funeral Expenses benefit of up to RM2,000. Child's Education Benefit If the insured employee or the Insured Spouse sustains bodily injury which results in Death within 365 days from the date of the accident, he or she will receive the lump sum amount of the Child's Education benefit of up to RM10,000. "Bodily Injury" shall mean Accidental Bodily Injury which, within 12 months from the date of accident, results in the Insured Person's death, dismemberment or permanent and irrevocable disablement solely and independent of any other cause. "Permanent Total Disablement" shall mean disablement suffered for at least 12 months and will in all probability entirely prevent the insured person from engaging in any occupation for which he or she is capable by reason of education ,training or experience for the remainder of his or her life and which is beyond reasonable hope of improvement. Please click here for the percentage of the Sum Insured payable in respect of specific disabilities. |
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