IME LIFE

FOREIGN EMPLOYMENT

Foreign Employment Term Life Policy

This policy is compulsory for those who are going abroad for foreign employment.

Policy Requirements:

  • Minimum Entry Age: 18 Years
  • Maximum Entry Age: 64 Years
  • Policy Term: 1 – 6.5 Years
  • Sum Assured: Rs. 10,00,000/-

Benefits:

  1. The full sum assured amount will be paid upon the death of the life assured during the term of the policy.
  2. A funeral expense of Rs. 1,00,000/- will be provided.
  3. If the insured dies in a foreign country and proof of repatriation is provided, Rs. 1,00,000/- will be provided as a repatriation expense.
  4. For loss of income, Rs. 2,00,000/- will be provided.
  5. In the case of permanent total disability of the life assured during the policy term, Rs. 10,00,000/- will be provided.
  6. In the case of temporary partial disability of the life assured during the policy term, a maximum of up to Rs. 5,00,000/- will be provided.
  7. Upon being diagnosed with a critical illness, Rs. 5,00,000/- will be provided.
  8. Medical reimbursement up to Rs. 100,000/- will be provided for incidents occurring due to traumatic events and for medical expenses incurred while treating critical illnesses.
Term Age Group
18-35 36-50 51-64
1 1,486 2,175 5,076
1.5 2,229 3,263 7,614
2 2,646 3,625 7,250
2.5 3,308 4,531 9,063
3 3,524 4,930 9,570
3.5 4,111 5,752 11,165
4 4,423 6,090 12,035
4.5 4,976 6,851 13,539
5 5,148 7,105 14,500
5.5 5,663 7,816 15,950
6 5,728 8,411 16,820
6.5 6,205 9,112 18,222

An additional Rs. 400 will be added to the above-mentioned amounts for critical illness coverage.