Group Insurance May 27, 2021

Liberty Secure Future Connect Group Policy provides financial protection against critical illness, personal accident and involuntary loss of job. This policy is available to people who have borrowed any type of loan from a bank or NBFC. Read this page further to know more about the coverage available under the Liberty Secure Future Connect Group Policy.

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Liberty Secure Future Connect Group Policy Critical Illness Cover

You’ll get coverage against the following critical illnesses under this plan as per your chosen option –

Option AOption BOption COption DOption E
Cancer of Specified SeverityComa of Specified Severity.Primary Pulmonary Arterial HypertensionEnd Stage Liver DiseaseEnd Stage Liver Disease
First Heart Attack of Specified SeverityMotor Neurone Disease with Permanent SymptomsPulmonary Artery Graft SurgerySurgery of AortaSurgery of Aorta
Open Chest CABGCancer of Specified SeverityMuscular DystrophyBenign Brain TumorBenign Brain Tumor
Open Heart Replacement or Repair of Heart ValvesFirst Heart Attack of Specified SeveritySystemic Lupus Erythematosus with Lupus NephritisParkinson’s DiseaseParkinson’s Disease
End Stage Renal failureOpen Chest CABGPneumonectomyAlzheimer's DiseaseAlzheimer's Disease
Stroke Resulting in Permanent SymptomsOpen Heart Replacement or Repair of Heart ValvesMedullary Cystic DiseaseMajor Burns DeafnessMajor Burns Deafness
Major Organ/ Bone Marrow TransplantEnd Stage Renal failureComa of Specified Severity.Loss of SpeechLoss of Speech
Permanent Paralysis of LimbsStroke Resulting in Permanent SymptomsMotor Neurone Disease with Permanent SymptomsComa of Specified Severity.Primary Pulmonary Arterial Hypertension
Multiple Sclerosis with Persisting SymptomsMajor Organ/ Bone Marrow TransplantCancer of Specified SeverityMotor Neurone Disease with Permanent SymptomsPulmonary Artery Graft Surgery
Permanent Paralysis of LimbsFirst Heart Attack of Specified SeverityCancer of Specified SeverityMuscular Dystrophy
Multiple Sclerosis with Persisting SymptomsOpen Chest CABGFirst Heart Attack of Specified SeveritySystemic Lupus Erythematosus with Lupus Nephritis
Open Heart Replacement or Repair of Heart ValvesOpen Chest CABGPneumonectomy
End Stage Renal failureOpen Heart Replacement or Repair of Heart ValvesMedullary Cystic Disease
Stroke Resulting in Permanent SymptomsEnd Stage Renal failureComa of Specified Severity.
Major Organ/ Bone Marrow TransplantStroke Resulting in Permanent SymptomsMotor Neurone Disease with Permanent Symptoms
Permanent Paralysis of LimbsMajor Organ/ Bone Marrow TransplantCancer of Specified Severity
Multiple Sclerosis with Persisting SymptomsPermanent Paralysis of LimbsFirst Heart Attack of Specified Severity
Multiple Sclerosis with Persisting SymptomsOpen Chest CABG
Open Heart Replacement or Repair of Heart Valves
End Stage Renal failure
Stroke Resulting in Permanent Symptoms
Major Organ/ Bone Marrow Transplant
Permanent Paralysis of Limbs
Multiple Sclerosis with Persisting Symptoms

Liberty Secure Future Connect Group Policy Personal Accident Cover

Here, you’ll get the following coverage options

Option AOption B
Accidental Death covered up to 100% of the Capital Sum Insured (CSI)

Permanent Total Disability (PTD) is covered up to 100% of the CSI

Performance of funeral ceremony is covered up to INR 5,000
If an accidental death occurs due to traveling in public transport, 100% of CSI + 100% of CSI will be payable..

If you suffer from PTD due to an accident in public transport, 100% of CSI + 100% of CSI will be payable.

Performance of funeral ceremony is covered up to INR 5,000

Liberty Secure Future Connect Group Policy Involuntary Loss of Job Cover

If you lose your job during the policy period, intimate the insurer within 30 days from the date of termination, dismissal, temporary suspension or retrenchment from employment as the case may be. In such a case, a benefit amount equal to 3 EMIs shall be payable. However, if the sum insured is less than the loan amount, payable EMIs will be in proportion to the sum insured.

Liberty Secure Future Connect Group Policy Optional Covers

You can choose to have any of the following optional covers under this policy:

30 Days Survival Period Under Critical Illness Cover: Using this optional cover, you’ll get coverage under Critical Illness Cover only if you survive for 30 days from the date of first diagnosis or occurrence of the critical illness.

Deletion of ‘Involuntary Loss of Job’ Cover: If you choose this cover, the Involuntary Loss of Job cover stands deleted

Selection of Option B of Personal Accident Cover: You’ll get the coverage under Option B of Personal Accident Cover if you choose this optional cover

Permanent Partial Disability Cover Under Personal Accident Cover: The insurer shall provide you a percentage of the capital sum insured, as specified in the policy scheme, if you suffer from permanent partial disability due to an accident.

Child Education Benefit: In case of Accidental Death or Permanent Total Disability, the insurer will pay towards child education. The benefit chosen under this optional cover should be in the range of INR 25,000-5,00,000.

Deletion of Personal Accident Cover: Personal Accident coverage stands deleted if you opt for this cover

Deletion of Critical Illness Cover: Critical Illness coverage stands deleted if you opt for this cover

General Exclusions from Liberty Secure Future Connect Group Policy

The insurer shall not cover any loss or damage that occurs due to the following:

  1. Breach of the law with criminal intent.
  2. War, invasion, an act of a foreign enemy, hostilities, civil war, rebellion, revolution, insurrection, mutiny, military or usurped power, seizure, capture, arrests and acts of terrorism, Riots, Strike, Malicious Acts, etc.
  3. Ionizing radiation or contamination by radioactivity from any nuclear fuel or nuclear waste or combustion of nuclear fuel.
  4. Nuclear weapon materials
  5. Consumption or abuse of alcohol/drugs
  6. Self-destruction, self-inflicted injury or attempted suicide
  7. Sexually transmitted diseases such as AIDS, AIDS-related complex syndrome and all diseases caused by or related to HIV.
  8. Treatment traceable to pregnancy, childbirth, abortion, miscarriage and its consequences
  9. Servicing in any branch of the Military or Armed Forces
  10. Any act of terrorism/sabotage
  11. Any claim arises while driving in any vehicle without a valid driving license
  12. Any mental illness, psychiatric or psychological disorders

Terms & Conditions of Liberty Secure Future Connect Group Policy

  1. The policy sum insured is fixed and cannot be increased or decreased during the policy period
  2. The minimum sum insured option is INR 25,000
  3. The maximum sum insured is INR 15,00,00,000
  4. Pre-medical checkup will be required if the sum insured is INR 3 crore or above
  5. The minimum entry age is 18 years
  6. The maximum entry age is 65 years
  7. Only Indian Nationals can buy this policy
  8. This policy is issued once the loan has been disbursed
  9. Involuntary Loss of Job cover is available only for salaried applicants
  10. There is a waiting period of 90 days from the policy inception
  11. The policy tenure options are 1, 2, 3, 4 or 5 years
  12. The premium for the entire policy will be collected upfront and it is calculated based on your age, loan amount, sum insured, the policy period, loan period, etc.
  13. Any of the loan applicants/co-applicants can be covered under this policy

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