PA 500 brochure here
Lump Sum and Monthly Income Plan
your future brighter. You are indeed wise. You have planned your life well
enough into yur retirement; saving and investing wisely for the future of
your loved ones and yourself. But did you know that you could go one step
further to truly secure a better future for your family?..... The PA 500
WHAT IS PA 500? PA 500 is an Accidental Death & Permanent
Disablement Plan + Natural Death Benefit + Daily Accidental Hospital
Income + Accidental Medical Reimbursement Benefit + 20 YEARS MONTHLY
WHO IS ELIGIBLE TO APPLY FOR PA 500? Anyone aged between 18 to
55 (last birthday age) can apply.
AM I COVERED AT HOME, WORK OR AT LEISURE? This plan protects you
24 hours a day, 365 days a year, worldwide whether you are at work, at
home, travelling or playing sports, except professional sports.
HOW DOES ONE BECOME ENTITLED FOR THE MONTHLY INCOME BENEFIT?
There are two (2) events where the Monthly Income Benefit is made
- In the event of Permanent Disability due to an accident, the Insurer
will pay the Insured a Monthly Income Benefit as specified for a
maximum of 20 years. Should the Insured suffer loss of life after the
Company has started paying the Monthly Income Benefit, the remaining
monthly payments will be payable to the nominated beneficiaries of the
- In the event of Accidental Death, the Insurer/Company will pay the
nominated beneficiaries of the deceased the specified Monthly Income
Benefit for a maximum of 20 years.
DO I HAVE TO CONTINUE PAYING THE PREMIUM IN ORDER TO ENJOY THE
MONTHLY INCOME BENEFIT? NO. You do not have to pay the premium