SICOM

MS+

Life Insurance - MS+

You, like each one of us, aspire to reap benefits steadily and at the same time ensure flexible savings and robust financial protection for your beloved ones or dependants during difficult times. You can make this possible by selecting the right insurance policy at the right time.

About this product

SICOM MS+ is designed to enable you to reap your benefits over short intervals of 5 years. You can choose between getting 2 or 3 times the Sum Assured + accrued bonus is paid in case of Death, Total and Permanent Disability* and diagnosis of any one specific illness as defined in our Health Care Cover before maturity (If opted for).

Highlighted features
  • Cashback

    Survival Benefits every 5 years

  • Maturity Benefits

    Last Survival Benefit plus Bonus on the Full Sum Assured at Maturity

  • Optional Supplementary Benefits

    Total & Permanent Disability, Health Care Cover and Maternity/Surgical Covers

Product Features

Choose SICOM MS+ & benefit from:

  • Type

    Single or Joint Policy

  • Premium Amount

    Minimum Monthly Premium is Rs 300

  • Term

    Choose from the following terms: 15, 20, 25, 30 and 35 years

  • Cashback

    Survival Benefits every 5 years

  • Maturity Benefits

    Last Survival Benefit plus Bonus on the Full Sum Assured at Maturity

  • Death Benefits

    2 or 3 times Sum Assured plus accrued bonus in case of death

  • Total and Permanent Disability (Optional)

    2 or 3 times Sum Assured plus accrued bonus in case of Total and Permanent Disability

  • Healthcare Cover (Optional)

    2 or 3 times Sum Assured plus accrued bonus in case of diagnosis of any one of specific illnesses as listed below

  • Surgical Cover (Optional)

    Possibility of claiming from multiple policies

  • Maternity Cover (Optional)

    Cover for Normal Delivery as well as Caesarean & Possibility of claiming from multiple policies

( Terms and conditions apply)*

Useful Information

Total and Permanent Disability

2 or 3 times the Sum Assured together with the accrued bonus as at date of disability, irrespective of any survival benefits already paid.

Health Care Cover

2 or 3 times the Sum Assured together with the accrued bonus in case of diagnosis of any one of the following specific illnesses, irrespective of any survival benefits already paid:

  • Coronary Artery Bypass Graft (CABG)
  • Stroke
  • Cancer
  • Kidney Failure
  • Major Organ Transplant
  • Paraplegia, Quadriplegia, Diplegia, Hemiplegia and Tetraplegia
  • Blindness
  • Major Burns
  • Cardiac Valve Surgery
  • Pulmonary Artery Hypertension
  • Coma
  • Brain Damage

 

Maternity Cover

 

  • It covers  Normal Delivery as well as Caesarean
  • Possibility of claiming from multiple policies
  • Limit per policy: 10 % of Sum Assured
  • Premium for the Maternity Cover ceases after a claim is admitted
  • Cover ceases at age 65 years

 

Surgical Cover

 

  • Possibility of claiming from multiple policies
  • Limit per policy: 10 % of Sum Assured
  • Premium for the Surgical Cover ceases after a claim is admitted
  • Cover ceases at age 65 years
 

Age of policyholder ranges from 18 to 55 years
Age at entry + term should not exceed 70 years

  • National Identity Card
  • Recent Utility Bill (not more than 3 months old)
  • Birth certificate
  • Marriage Certificate (as applicable)
  • Bank details for payment of premium
  • Payment of First Month Deposit

What is the minimum premium?

The minimum monthly premium is Rs 300.

 

What is the waiting period for maternity cover?

There is a waiting period of 18 months under maternity cover from commencement date of the policy to the date of the child delivery.

 

What is the waiting period for surgical cover?

There is no waiting period for claim under surgical cover due to accidental bodily injury or sickness.

A waiting period of 90 days is applicable for claim under surgical cover arising for reasons other than accidental bodily injury or sickness.

 

What amount can we claim under the maternity and surgical cover?

The limit per policy is 10% of the Sum Assured for each cover. However, you can claim once in a policy lifetime.

 

Is it a cash back policy?

Yes, it is a cash back policy with survival benefits payable every 5 years.

 

Term of the cover

Policy terms are 15, 20, 25, 30 & 35 years.

 

Is it a medical insurance?

No, it is a life assurance policy covering TPD, critical illnesses, surgical cover and maternity cover.

 

Can the policy be taken jointly?

Policy can be single or joint.

 

What happens to premium under surgical cover and maternity cover once a claim is made?

Premium under surgical cover and maternity cover ceases after a claim is paid.


Bonus rates awarded are heavily reliant on the interest rate environment, as well as other experience factors.  The bonus rates are not guaranteed but are merely used to illustrate the impact of different bonus rates on the projected maturity value.  The actual bonus rate awarded will depend on the investment return earned on the assets and other items of experience such as claims and expenses relative to expectations.

In the past SICOM has granted bonus rates ranging from 3% to 5.5% - depending on investment performance, the interest rate environment and other items of experience.

Highlighted features
  • Cashback

    Survival Benefits every 5 years

  • Maturity Benefits

    Last Survival Benefit plus Bonus on the Full Sum Assured at Maturity

  • Optional Supplementary Benefits

    Total & Permanent Disability, Health Care Cover and Maternity/Surgical Covers

Request more information

Please verify the captcha

Submit

This product is offered by: State Insurance Company Of Mauritius Ltd

BRN:C07007065

FSC License No: IS10000020