Terms & Conditions

Terms and conditions –Milvik Life:

  • At the time of registration, the age of the customer should be between 18-59 years (in the case of bi-annual, monthly and daily 18-58 years). However, upon registration, customers will be eligible for coverage until the age of 60.
  • The customer’s father, mother, spouse, siblings and children can be nominated for life insurance.
  • The customer’s insurance guarantee will be automatically canceled for the period described below,
    1. If the customer’s age exceeds 60 years
    2. If the nominee receives insurance money after the insurance claim
  • If the customer suffers from cancer, heart attack / cardiovascular disease, stroke (resulting in permanent symptoms in the body), organ damage/failure or any other terminal illness (life span less than 12 months) then he/she will not be considered eligible to purchase the policy.
  • Eligible policyholders must need to fill up a declaration of health form during policy registration.
  • Natural death cannot be claimed in the first 3 months from the date of registration.
  • Death due to a pre-existing disease within the first three months of package registration will not be covered.
  • Insurance claims in case of death due to war, foreign enemy attack, hostility or anti-war campaign (whether war is declared or not), civil war, insurrection, strike, riot, civil unrest, military uprising, rebellion, conspiracy, revolution, military coup Will not be acceptable.
  • Insurance cannot be claimed in case of death due to suicide or voluntary injury
  • Insurance claims will not be accepted in case of death due to nuclear, biological and chemical risks and losses
  • The nominee has to claim insurance within 90 days of the death of the customer. If the customer dies more than 180 days after any accident, it will not be considered an accidental death and can only be claimed for normal death insurance.
  • In case of insurance claim, death certificate needs to be provided by an MBBS doctor or hospital authority (in case of death in hospital) otherwise death certificate issued by City Corporation / Union Council Office has to be provided.

 

Terms and conditions –Milvik Health:

  • Customer must be aged minimum 18 and not more than 64 during the time of registration and be covered till customer become 69 years of age
  • Customer can cover his parents, spouse and children under shared cover. For parents and spouse minimum age of entry is 18 and not more than 64. Children can be covered from birth till they become 19 and be covered until they become 21 years of age
  • Coverage for monthly and daily policies will start from the beginning of the next calendar month. Coverage will start from 1st of the following calendar month for accidental causes only. For hospitalizations due to non-accidental hospitalizations can be claimed for from 1 month after policy confirmation date.
  • Pre-existing conditions are covered after 6 months of policy confirmation; pregnancy/childbirth covered after 12 months of policy registration.
  • For daily subscriptions, service charge will be deducted every day. In case of insufficient balance, no further attempt will be made that day. The coverage of next month will be calculated based on the number of deductions made in the previous month.
  • For monthly subscription, service charge will be deducted on a specific date of every month. If no available balance on that day, next attempt will be made at 3 days interval. If no deduction in that month, customer will have no coverage for the next month.
  • Insurance claims in case of hospitalization due to war, foreign enemy attack, hostility or anti-war campaign (whether war is declared or not), civil war, insurrection, strike, riot, civil unrest, military uprising, rebellion, conspiracy, revolution, military coup will not be acceptable.
  • No claim will be acceptable for laser treatment and cosmetic surgery (except for accidental reasons).
  • Claim must be made within 90 days of admission to the hospital.