Key Benefits

• Death due to accident or sickness: On the happening of death due to accident or sickness, OUIC will pay the chosen Sum Insured on receipt of the requisite documents like Death Certificate, ID proof and Claim form.
• Accidental Death Benefit: In the event of death due to accident, OUIC will pay double the Sum Assured to the claimant.
• Permanent Total Disablement: In the event of the life assured being totally and permanently disabled as a result of accident or sickness to the extent of being unable ever again to follow any or own/similar occupation, OUIC will pay full sum insured.
• Permanent Partial Disablement: In the event of the life assured suffering as a result of an accident or sickness due to physical separation or total loss of use of any limb or external organ of the body or total and irrecoverable loss of sight, OUIC shall pay appropriate percentage of the sum insured.

Standard Exclusions

• A Pre-existing physical or mental defect or illness for which the Insured has consulted or received treatment within the 2 years prior to the date of his/her enrolment in the policy unless declared to the Insured Company and duly accepted.
• Self-inflicted bodily injury regardless of its date and of its cause.
• A sickness directly or indirectly attributed to HIV and/or any related illness including AIDS.
• Chronic alcoholism or abuse of alcohol or , abuse or addiction to drugs.
• Civil war, war, invasion or warlike operations, act of foreign enemy, hostilities, revolt, mutiny, riots, strike, civil commotion, rebellion, revolution, insurrection, acts of terrorism to such a degree and extent of the involvement or engagement of the Insured in these conditions without any cause.
• Exposure of the body voluntarily, or not, to nuclear power or radioactivity in war or warlike operations or in peace.
• Military service in the Armed Forces or Security Forces of any country or any authority, however if a member who is a Policeman or Armed Forces personnel dies or becomes permanently disabled while performing day-to-day course of duty, the Life Benefit under this Policy shall be payable. “No benefit’ will be payable for members of the Police or Armed Forces if the claim is due to any of the following events: Civil war, war, invasion or warlike operations, act of foreign enemy, hostilities, revolt, mutiny, riots, strike, civil commotion, rebellion, revolution, insurrection, acts of terrorism, any kind of training, exercise or assignment involving the use of ammunition or explosives of any kind.
• The commission of or attempted commission of an assault or any unlawful act, or being engaged in any illegal activity or felony.
• Flight of the Insured in any kind of aircraft except as a fare-paying passenger in an aircraft operated on a regular schedule by an incorporated common carrier for passenger service over its established air route, or he is transported as a patient or injured or attendant or hostess with an ambulance or rescue-aircraft or helicopter.
• Participation in or training for any dangerous or hazardous sports or competition which includes nut not limited to scuba diving involving the aid of breathing apparatus, rock climbing or mountaineering normally involving the use of ropes or guides, potholing, parachuting, hunting on horseback, or driving or in any kind of race, driving or riding on motorcycle or motor scooters for the purpose of racing or competition.
• Especially for the case of Death, suicide while sane or insane shall be excluded during the first year of the insurance coverage.
• Especially for the case of PTD, the following facts and events will not be covered:
• Any Psychiatric, mental or nervous disorder; or
• Normal pregnancy, childbirth, abortion or miscarriage, or any complications thereof; or
• Disability attributed by the Insured to subjective complaints not detectable with laboratory measurement, microbiological, biochemical means and/or imaging.

Download Section

      – Individual Life-Brochure
      – Individual Life-Proposal Form