| 1) |
Why should I take a life insurance
policy ? |
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There are compelling reasons for taking a life
policy :
A Life Insurance policy will enable you to strengthen your
financial stability to face the future with confidence - as
you receive a fund at maturity.
A Life Insurance plan can also provide financial support to
face the uncertainties of life such as critical illness, disability
etc.
Further an insurance plan will enable a person to financially
support their loved ones if they are no longer with them. |
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| 2) |
What is the best Eagle
life policy that I can select? |
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Our plans are essentially personalised to suit individual
needs. As such in order to recommend any specific insurance
plan for you, we will need more information – such as
your age, your needs for the future – i. e. the size
of the fund you wish to build for your retirement, whether
you need a plan to protect your child’s education, or
need additional covers for critical illness, etc.
If you complete our Needs
Review form and submit it to us we can personalise
a plan just for you. |
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| 5) |
What can I do to overcome
the effects of inflation? |
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YES. You can have any number of insurance policies. Benefits
will be paid on all of them. |
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| 4) |
Can I increase the
life cover? |
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YES on the next policy anniversary date, depending on your
age and health conditions and the benefits already taken.
*
*Please contact
us for further details. |
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| 5) |
What can I do to overcome
the effects of inflation? |
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You are offered the option of increasing your life cover by
10% annually, so that you can increase your maturity value
as a hedge against inflation. |
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| 6) |
Can I take a policy
for my child? |
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The purpose of considering insurance for your child, is to
provide valuable financial protection if you are not there
or, to provide for a fund build up for his/her future.
Therefore you (the parent) will be the life assured, while
naming your beloved child as the beneficiary of the policy.
Hospitalisation cover for your child however, can be taken,
whereby you receive a cash payment if your child is hospitalised. |
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| 7) |
Can I include my husband/wife? |
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YES. You can. If the main life assured dies, the spouse
can continue the policy by paying only his/her part of the
premium.
The spouse cover benefits include life cover, hospitalisation
and critical illness. ( the latter two benefits cease on death
of the main life assured, but the life cover continues) |
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| 8) |
Can I include my child/children? |
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YES as beneficiary/beneficiaries.
You can also obtain hospitalisation cover for them, whereby
you receive a payment if they are hospitalised. In the Sunrise
child plan this benefit continues even after the death of
the parent. |
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 Top of the page |
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| 9) |
What are the “additional/rider benefits”
available along with the life cover?
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Additional Life benefit
By paying an
additional (nominal) amount, your original life cover can
be increased up to 5 times
Accident/Disability cover
Increases
the original life cover up to 3 times in the event of accidental
death.
Further in the case of permanent or partial disablement due
to an accident you will receive a cash fund depending on the
disability.
Hospitalisation cover
Provides a daily cash payment of up to
Rs 5000/= per day from the first day onwards, if you are hospitalized
for over three days.. This sum is doubled if you are admitted
to the Intensive care Unit. This benefit can be extended to
your spouse and children as well.
Critical illness cover
Financial
assistance up to a maximum of Rs 1.5 million if diagnosed
with 21 identified critical illnesses.
Spouse cover
Spouse cover benefits include life cover, hospitalisation and critical illness. If death of the
main Life assured occurs however, these benefits cease.
Waiver of Premium Benefit
The payment of premiums will be waived in the event of total
permanent disablement
(due to accident or sickness), so that the policy can be continued
for the policy period with all the benefits.
Automatic cover enhancement
You
have the option of increasing your life cover by 10% annually,
so that you can increase your maturity value as a hedge against
inflation and maintain the value of your investment fund in
real terms year on year. |
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| 10) |
How can I include any additional benefits? |
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Call 011-2310310 or email
us with your need and we will advise you |
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| 11) |
What methods can be
used to pay my premiums? |
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You can pay:
| (a) |
At any Eagle branch |
| (b) |
At any Bank of Ceylon or Sampath Bank
branch
Obtain a bank slip from the Bank or us. Keep your copy
as proof of payment |
| (c) |
Through HSBC ATM's, Phone and Internet
Banking |
| (d) |
Through a Bank Standing Order
Obtain standing order from us or the Bank. |
| (e) |
Through Master /Visa card
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Pay online |
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Complete the credit mandate and
advise us to deduct the premium from your credit
card regularly |
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At our Eagle City Office or Life
Link |
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| (f) |
By cheque
Draw in favor of Eagle Insurance Co. Ltd. O/A of Policy
No ………. and post to
Eagle Insurance, P. O. Box 2088, Colombo 2. |
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| 12) |
Can I revive a lapsed policy? |
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YES
if it is within 3 years from the date of your last premium.
Please email
us or call us on 011 2310310 for more information. |
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| 13) |
I can’t get in
touch with my Eagle Sales Associate, what should I do? |
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Please contact Eagle Life Link on 011- 2310310 or email us
If you need to pay your premiums : |
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| 14) |
What other benefits
will I have when I take a Eagle Insurance for Living Plan ? |
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You are assured of an extremely
efficient and professional
service. |
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The
stability/solvency of the Company demonstrates
its long term commitment to deliver promises and provide
higher security to policy holders. |
See
how we professionally manage our funds.
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| 15) |
How does the dividend
system work? |
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Eagle plans help build a fund to meet your future financial commitments. Your plan continues to build with the unique Eagle dividend system. A separate investment account is maintained for this. The investment portion of your premium is deposited in this account every time you pay. Annual dividends will grow your fund on a compounding basis. For the last 13 years we have always declared higher dividends than promised |
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| 16) |
How do I nominate a
beneficiary? |
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This is usually done at the time of commencement of the policy.
Contact
us if you wish you can also to include new beneficiaries
or remove your previous beneficiary. |
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