Solutions > Life > Comprehensive Life Plans > Cash Advance  
Cash Advance is a financial plan, which gives you maximum protection at a reasonable cost, and at the same time, provides periodic payments every 3 years.

What is unique about Cash Advance?
It is an ideal policy for those who wish to earn returns on their life insurance policy before they are "old and grey" and at the same time to retain their basic protection undisturbed.
What are the Benefits available with Cash Advance, assuming you take a policy for Rs.1,000,000/=
Survival Benefits :
You will receive advance payments every 3 years plus the bonuses with the final payment when the policy matures.

You can maximise your financial returns by re-investing prudently the payments you receive every 3 years.
Natural Death Benefit :
Twice the insured amount i.e. Rs.2 Million to your dependants. There will be no deduction whatsoever even if all the advance payments have been made. For a modest additional premium you can receive enhanced protection for 10 times the insured amount.
Accidental Death Benefit :
Six times the insured amount i.e. Rs.6 million to your dependents and no deduction even if the advance payments have already been made. For a small additional premium you can receive enhanced protection for 10 times the insured amount.
Total Permanent Disablement due to an Accident :
If you are totally and permanently disabled due to an accident you will have no means of earning an income for yourself.

If an unfortunate incident of this nature should happen to you the Cash Advance policy pays 4 times the insured amount i.e. Rs.4 million in this instance. (No further premia are payable yet the future benefits under the policy will continue to accrue to you as planned.)

You will receive automatic additional cover for 10 times the insured amount when you take the enhanced protection mentioned under Accidental Death Benefit above.

Note: Total life risk (Natural + Accidental) should be equal to 15 times the basic sum assured.
In the event of a Critical Illness striking you :
We provide protection to you from 22 critical illnesses, which will help you meet the cost of treating a serious illness either in Sri Lanka or abroad, subject to the terms of the policy.

A sum equivalent to the insured amount will be paid.

You can increase this benefit up to the value of the total life covers taken for a modest additional premium.
If you are Permanently but partially Disabled due to an Accident :
Your capacity to earn a stable income will be impaired and Cash Advance will pay you a specified percentage of four times the insured sum depending on the nature of the disablement.
If you are Hospitalised :
At every stage in your life, you are exposed to immense health risks, and private medical healthcare whether it be for illness or surgery is extremely expensive. For a nominal additional premium you can avail yourself of an annual hospitalisation cash plan up to 1% of the insured amount per day (subject to a maximum of Rs. 5,000/- per day), up to 50 days (excluding first 3 days in hospital). You will be entitled to this benefit each year, even though you have claimed in a previous year.

For children 0.5% of the sum assured subjected to a maximum of Rs. 2,500/=
Spouse Insurance :
You can include your spouse also for the benefits shown above.
Insurance for Children below 21 :
All eligible children can be included for the annual-hospitalisation cash plan.
 
How the policy works?
 
NOTE:If you need to meet one of our professional Financial Advisors to customise the Cash Advance plan according to your distinct needs and wants please click here to Contact Us.
 



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