Monday, March 14, 2011

Sun Maiden Plus

Sun maiden plus is a packaged life insurance offered by Sun Life of Canada (Philippines), Inc. which gives emphasis on female critical illness and maternity benefits.  The policy’s coverage is until the age of 65 and the premium is adjusted every fifth anniversary of the policy. 

At my age, Sun Life’s offer starts at 12,207.50 pesos annual premium and adjustments will be made every after 5 years of the policy until I reach the age of 65 where the policy automatically terminates.  Calculating the total premium I’ll be paying to Sun Life until I reached the maximum coverage of 65 as per their proposal, it will sum up to 382,937.50 pesos.  There is no money back guarantee in this package.

This packaged life insurance policy has the following benefits:

1.      Female Critical Illness Benefit which includes the following (first five benefits can be availed if the diagnosis occur 90 days after this policy takes effect):
a.       Cash benefit of 125,000 pesos once the policy holder is diagnosed with a stage 4 cancer of the breast, cervix uteri, uterus, ovary, fallopian tube or vagina or carcinoma-in-situ of the uterine corpus, ovary, fallopian tube or vagina must actually undergo required operation.
b.      Cash benefit of 125,000 pesos for systemic lupus erythematosus (S.L.E.)
c.       Cash benefit of 75,000 pesos for rheumatoid arthritis
d.      Cash benefit of 50,000 pesos for severe osteoporosis
e.       Cash benefit of  25,000 pesos for hysterectomy or dilation and curettage
f.       Cash benefit of 50,000 pesos for plastic surgery due to accidents
g.      Cash benefit of 50,000 pesos for skin transplantation  due to accidental burning
2.      Maternity benefits which include the following (can be availed  12 months after this policy takes effect):
a.       Cash benefit of 50,000 pesos for pregnancy complications such as disseminated intravascular coagulation (D.I.C.), ectopic pregnancy and hydatidiform mole
b.      Cash benefit of 10,000 pesos for every child delivered (maximum of three)

3.      Critical Illness benefit is a cash benefit of 250,000 pesos once the policy holder is diagnosed with the following (must be diagnosed 90 days after the start of this policy):
a.       heart attack
b.      stroke
c.       cancer  (other than female related cancers)
d.      kidney failure
e.       dissecting aortic aneurysm
f.       end stage lung disease
g.      progressive muscular atrophy
h.      major burns
i.        multiple sclerosis
j.        paralysis
k.      total blindness
l.        loss of limbs
m.    aplastic anaemia
n.      bacterial meningitis
o.      benign brain tumour
p.      deafness
q.      encephalitis
r.        amyotrophic lateral sclerosis (ALS)
s.       progressive bulbar palsy (PBP)
t.        meningeal tuberculosis
u.      cerebral metastasis
v.      loss of speech
w.    coma
x.      parkinson’s disease
y.      terminal illness
z.       medullary cystic disease
aa.   alzheimer’s disease
bb.  fulminant hepatitis
cc.   major head trauma
dd. end stage liver failure
ee.   motor neurone disease
ff.    guillain-barre syndrome
gg.  major organ transplant
hh.  coronary artery bypass surgery
ii.      surgery for disease of the aorta (aortic surgery)
jj.      replacement of heart valve

4.      Total Disability Benefit waives all the premium balance once the policy holder becomes permanently disabled.

5.      Five(5) free diagnostic procedures can be availed within the first 10 policy years to be performed at medical clinics appointed by Sun Life.

The coverage for each benefit under the female critical illness benefit and pregnancy complications terminates once the said benefit will be availed.

In cases where two or more diseases and/or surgery occurred, only one with the highest benefit will be paid.

To know more about this Sun Maiden Plus offered by Sun Life of Canada (Phils.), visit their website and contact them so they can give you a proposal suited to your needs.