INTRODUCING RANMAGA
In terms of improving your life and financially securing your future, Ranmaga offered by HNB Assurance is a unique opportunity. The life policy that increases the sum assured by 5% every year, while the premium payment remain the same is a well sought after option in our portfolio. This is an investment plan with added financial benefits for protection.
RANMAGA SPECIAL FEATURES
- Tailor made plan to suit your own needs
- Select your insurance policy from 10, 15, 20 and 25 year terms
- Additional covers according to your choice, up to 65 years of age and Life cover extending up to 70 years of age
- Annual, half yearly, quarterly or monthly premium payment options at your convenience
- A 10 year free life cover equal to the initial basic sum assured after maturity, up to 70 years of age
RANMAGA BENEFITS
- Equal premium amount to be paid throughout the period even though the basic sum assured increases by 5% every year, giving you an advantage over the increasing cost of living.
- Dividends declared by the company will be added to your fund account during the period of cover, enhancing your maturity benefit
- In case of demise before the end of insured period, your loved ones will be paid the higher of Sum Assured or fund balance
ADDITIONAL BENEFITS
- Additional life benefits, to increase life cover up to 7 times the basic sum assured if death is due to an accident or natural
- Accidental death cover up to 5 times the basic sum assured if death is due to an accident
- In the event of total and permanent disablement due to an accident, the benefit will be paid in 10 installments
- If total and permanent disablement is the result of either an accident or illness the premium payments for the remainder of the period will be waived
- Financial benefits for permanent partial disablement.
- Cover for 29 critical illnesses.
- Payment of up to a maximum of Rs.10,000 per day for hospitalization, paid from the date of admission
- Surgery benefit up to Rs. 1,000,000 - Family income benefit up to Rs.200,000
- Covers to protect your spouse with above additional covers as well
- Critical illness benefits for 15 illnesses and hospitalization benefit, surgery benefit and medical reimbursement for children
- A percentage of sum assured is paid for each listed surgery
- Payments are made for unlisted surgeries as well
SUMMARY OF RANMAGA
- Maturity - Fund Value
- Natural Death - Fund Value OR Sum Assured + 5% × Term(up to death)+ ALB
- Accidental Death - Fund Value OR Sum Assured + 5% × Term (up to death)+ ALB+ ADB
More information can be obtained from the nearest HNB Assurance Branch or calling Assurance Line 1301.
Refer to the policy document for benefits, exclusions, terms & conditions*
