Group Total & Permanent Disability Income Benefit (TPDI)
.................TPDI is a Supplementary Contract in conjunction with - and forming a part of Group Life Policy (Basic Policy). This coverage provides financial protection for insured member in case of his suffering of total and permanent disability as a result of accidental injury or sickness.
Coverage
 ............... .This benefit covers 24 hours for insured member who suffers the complete inability to engage in any gainful occupation or employment for compensation, profit or gain for the remainder of his life time as a result of accidental injury or sickness. Total and irrecoverable loss of limb and all sight in eye for two or more parts as a result of accidental injury or sickness is also considered as total & permanent disability.
Benefits
  • In case of the above total & permanent disability existing for 6 consecutive months, AIA will pay 10% of the Principal Sum as shown in the Supplementary Contract to the suffering assured employee. And, at the end of 12 months after the payment of the initial amount, if such total and permanent disability still exists, the company will then pay in lump sum the remaining 90% of the Principal Sum to the insured member.
  • In case of death within 12 months after the payment of the initial amount (10%), the remaining 90% of principal sum will be paid to the designated beneficiary.
Exclusion
  1. Self - destruction
  2. War declared or undeclared, civil war, revolution or any warlike operations.
  3. Military or naval service in time of declared or undeclared. War or warlike operations or restoration of police order.
  4. Committing a felony and under arrested by police for such criminal behavior
  5. Pregnancy or childbirth
  6. Entering, Operating or servicing, ascending or descending from or with any aerial device or conveyance except as a regular fare paying passenger.
  7. Pre - existing conditions for which assured employee received medical treatment, diagnosis, consultation or prescribed drugs during the ninety (90) days preceeding the effective date of this insurance coverage unless the assured employee has been covered under this insurance for 12 months.