Eclipse Career Plan
NIC Career Plan is a term policy that builds cash value for your family over time. As long as premiums are up to date, the policy remains in force, and the beneficiaries will receive a fixed death benefit upon the insured’s demise.
Age Limit
This life assurance cover is available for individuals aged 18–65 years, for a minimum duration of 2 years.
Premium Payment
Premiums can be paid monthly, quarterly, half-yearly, annually, or as a single premium.
The minimum monthly premium is Ushs. 30,000.
Another person who is not necessarily the main member may pay the insurance premium.
Benefits
- Death Benefit
Covers both natural and accidental death, excluding death due to pre-existing conditions before the expiry of the waiting period and suicide. - Hospital Cash Benefit
Applicable if the policyholder is hospitalized for more than three nights. The cash benefit becomes payable from the fourth day of hospitalization and is subject to a waiting period of three months from the date of enrolment. - Savings Benefit
The client has the option to select a savings component, which becomes payable at the end of the contract term. - Permanent Total Disability Benefit
Pays a cash benefit equivalent to the death benefit if the policyholder becomes permanently disabled due to bodily injury resulting from illness or accident. - Critical Illness Benefit
Pays the death benefit if the policyholder is diagnosed for the first time with a covered critical illness while the policy is in force.
Other RelatedProducts
Endowment Plan
This is an investment and protection life assurance policy. It’s designed for individuals who want to save or seek financial protection
Ngabo Yo Last Expense Plan
This is a Financial Management plan that guarantees a lump sum cash payment upon the death of a member and peace of mind to Families, employers and groups of people
Credit Life Insurance (Loan Protection)
The product provides cover sufficient to settle the outstanding loan balance in the event of death, total permanent disability, critical illness or accidental death (including funeral expenses)
Mortgage Protection Assurance
Mortgage protection policy offers cover in respect of outstanding Mortgage balances from the insured
Group Last Expenses Plan (Funeral Cover)
It is a product that is taken out by institutions, employers, homogeneous groups, families or an individual who is still living.
Group Life Assurance Plan
This is a policy issued to the employers who wish to provide financial protection for the families of their employees in the event of death of the employee