Citibank - Citi never sleeps

Product features

Age limits allowed:16/18-65 years
 

Contractual term: minimum 5 years; the maximum age should not exceed 75

Insurance premium:

It may vary from one year to another; it consists of:

• the premium related to the insured amount in case of survival - level premium throughout the tenor of the contract
• the premium related to the insured amount in case of death - level premium throughout the tenor of the contract

Premium payment: on a monthly, quarterly, semi-annually or yearly basis

Premium Discount:

• Related to the premium amount(if the value of premiums paid during one year exceeds a particular level)
• Related to the premium's payment frequency

How will work the protection?

If the Insured Person passes away during the contractual period, the Insurer shall pay the Death Benefit - consisting of the Insured Amount in case of Death+ Profit Share Rate - to beneficiaries.

How will work the saving component?

If the Insured Person survives, the Insurer shall pay the Survival Benefit - consisting of the Insured Amount in case of Survival + Profit Share Rate

The amounts insured are guaranteed: the Insurer guarantees the payment of insured amounts both in case of death and in case nothing unpleasant happens to you until the maturity of the contract.

Insurance beneficiaries: In the event of death, the beneficiary is the person nominated by you; in case of survival, the insurance beneficiary is you.

What you can do during the validity of the policy:

• you may increase or decrease the death benefit amount
• you may adjust premiums and both insured amounts to the inflation rate
• you may change the premium payment frequency
• you may cancel the insurance contract (the surrender value is zero in the first 3 years of the contract)