Bula Delite Offers an Affordable Option
Bula Delite is an attractive life insurance product providing regular cash returns at lower* premiums making insurance more accessible for Fijians to save and provide financial security for loved ones. Customers will receive cash returns at each 3-year interval. The maturity benefit is paid at the end of the policy term with accumulated bonuses. This product is more* suited for job starters, low to middle-income earners, as well as customers with existing policies who want to add a new policy that provides quicker pay-out benefits.
Features & Benefits of Bula Delite
Bula Delite offers you quicker returns of investment. Here are some features and benefits.
Lump Sum Cash Every 3 Years
Provides lump sum cash every 3 years. The payout at each interval is 10% of the sum insured.
Attractive Final Payout
Final payment of the balance of the sum insured plus declared bonuses at the end of the policy term.
Flexible Policy Term
Select a policy term of 15, 18, 21 or 24 years.
Compounding Bonus
Bonuses are declared annually and added to your policy on a compounding basis.
Worldwide Coverage
You enjoy the security of worldwide cover.
Spouse Cover
Cover your spouse (legal or de facto) as the second life insured with a term life rider benefit. Cover your spouse with accidental death rider benefit.
Policy Debt Deduction
Policy debts (if any) will be deducted from all benefit payments made.
War-zone Coverage
War-zone cover is provided for members of the Fiji armed forces and Fiji Police Force on internationally sanctioned peace keeping missions.
Built-In Benefits
These are the built-in benefits included in your policy.
Terminal Illness
Terminal Illness benefit is a partial payment of the Death Benefit. 50% of the sum insured plus declared bonuses is paid if the life insured is diagnosed to be terminally ill and has less than 6 months to live. The remaining 50% of the sum insured and declared bonuses is payable on the death of the life insured. This benefit will not apply for a life insured less than 10 years old or for any Terminal Illness declared within two years from the benefit commencement date.
Bereavement Support
Bereavement Support is a partial payment of the Death Benefit. $3,000 or 10% of the Death Benefit (whichever is lesser) is payable on the death of the life insured to help with funeral assistance. This benefit will not apply for a life insured less than 10 years old or for any bereavement support claimed within three years from the benefit commencement date.
Free Interim Accident Cover
While your application is being considered, a free interim accident cover equivalent to the sum insured of Bula Delite, will apply. This benefit will cease 60 days after receipt of your application or on the date the proposal is accepted, deferred, declined or expires, whichever occurs first.
Death Benefit
If you meet an untimely passing during the policy term, the Sum Insured plus declared bonuses will be payable. If the life insured is less than 10 years old, the total premiums paid for Bula Delite, plus interest compounded at a rate determined at the time of payment, will be payable.
Rider Benefits of Bula Delite
Enhance the value of your cover with one or more of the following rider benefits.
* Waiver Life refers to person that has taken a Waiver Cover on their life.
Term Life
This benefit provides cover that is payable on the death of the life insured. This payment is in addition to the base sum insured. This benefit can be taken up by the first and/or second life insured.
Accidental Death Benefit
An additional sum insured is payable in the event the life insured dies through accidental means. This cover can be taken up by the first and/or second life insured.
Total and Permanent Disability
This benefit provides cover in the event of total and permanent disablement of the first life insured through injury or illness whereby the insured is unable to work again.
Waiver Premium for Disability
Future premiums will be waived if the waiver life is totally and permanently disabled.
Waiver Premium for Death and Disability
Future premiums will be waived if the waiver life dies or is totally and permanently disabled.
Critical Illness
This benefit provides cover for defined illnesses and/or conditions that are likely to have a serious effect on the first life insured’s lifestyle.
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