Upon receipt of due written proof that the Member has, while the Policy is in full force and effect, suffered any of the events set out in the Schedule, the Company, subject to the exclusions, terms, and conditions of the Policy, shall pay the following benefits:

Death Benefit
In the event of the death of the insured cardmember, up to the age of 70, and due to any cause, the benefit shall be equivalent to the closing balance of the last credit card statement issued prior to the date of death, along with applicable credit charges on the outstanding amount for a maximum of two months following the date of death.

Temporary Total Disability Benefit
In the event of temporary total disability till the age of 70, due to accident or sickness, the benefit will be the continuation of the minimum monthly payment during the disability period.
Temporary total disability means disability caused by accident or sickness, as a result of which the cardholder is unable to engage in his own usual occupation for a period exceeding 45 days. No benefit shall be payable during the 45-days waiting period.

Permanent Total Disability Benefit
On permanent total disability of the cardholder till the age of 70, due to accident or sickness, the benefit will be equivalent to the closing balance of the last credit card statement, prior to the commencement of disability. The benefit will be paid after six consecutive months of total disability.
Permanent total disability means the inability of the cardholder to engage in any occupation for which he is reasonably qualified by education, training, and experience. Benefit will become payable 6 months after the onset of disability.

Terminal Illness Benefit
If a card member is diagnosed with a terminal illness, till the age of 70, the amount equivalent to the closing balance of the last credit card statement prior to diagnosis of such illness, plus credit charges for a maximum period of two months, will be payable.
Terminal illness means illness that reduces the expected life span of the cardmember to less than six months as certified by an approved physician.

The maximum cumulative amount of benefits from any one Event shall not exceed Rs.5,000,000.

A Member shall cease to be a Member on any of the following:

• The Member’s death, terminal illness, or permanent total disability.
• Cancellation of the Member’s Credit Card Facility.
• The Member has attained the age of 70 years.
• Any other date on which the Member ceases to be eligible for assurance for any fraudulent or criminal reason affecting the assurance hereunder. The decision of the court shall be final in such cases.
• Notice from the Member that the insurance shall be cancelled.
• Newly enrolled customers aged 59 or below are entitled to a 14-day free lookup period, during which they may request deactivation of the Credit Protector. Any Credit Protector fee charged during this period will be reversed.

No benefit will be payable if the death, terminal illness or disability of the Member results directly, wholly or partly as a result of or related to:

• Suicide.
• Sickness occurring within thirty days of this assurance.
• Intentional self-inflicted injury, murder, assault, assassination, injury sustained through firearm injury, or participation in any criminal activity or violation of the law.
• Failure to seek or follow medical advice, or consumption of alcohol or drugs.
• Heatstroke or sunstroke, poison, gas or fumes.
• Disease, incapacity, or bodily injury that existed prior to this Assurance.
• Atomic energy explosions of any nature whatsoever.
• War, invasion, act of a foreign enemy, hostilities (whether war be declared or not), armed or unarmed truce, civil war, mutiny, rebellion, revolution, insurrection by military or usurped power, riot or civil commotion, an illegal organization, or an industrial dispute.
• Participating or practicing a dangerous sport, including big game shooting, hang-gliding, hot air ballooning, parascending, steeplechasing, playing polo, horse racing, underwater diving, power boat racing, mountaineering, rock climbing, caving, potholing and all forms of motor and motorcycle sports, including time trials and hill climbs.
• Participating in exercises or operations while serving with the armed forces or the paramilitary forces, or while performing any form of police duty.
• Entering, servicing, operating, travelling in, or ascending into, or descending from any aircraft or aerial device except as a fare-paying passenger on a licensed commercial airline flying on a regular scheduled flight.
• Mental or psychosomatic disorder that is not caused by a physical disease.
• Pregnancy, miscarriage, childbirth, or any malignant disease occurring in or in connection with the female reproductive organs.
• Catastrophes such as floods, epidemics, etc., resulting in 250 or more deaths.
• Human Immunodeficiency Virus (HIV).