Endowment Plan
The Endowment Plan is a with-profits life assurance policy combining long-term savings plus financial protection in the form of life cover.
It is designed for any individual who wishes to save money in order to receive a capital sum, together with bonuses, when the policy ends.
Features and Benefits
- At maturity, the guaranteed sum assured together with the accrued bonuses is payable.
- In case of death or disability, before the maturity date, the guaranteed sum assured together with the accrued bonuses, as at the date of death/disability, is payable.
- It can be pledged as collateral security for a loan with any financial institution.
- The guaranteed sum assured can be payable up to three times its amount in case of death/disability.
The G3+ plan provides guaranteed maturity benefits. This plan is one of the best solutions to cover housing loans, as it provides triple benefits at a very reasonable cost
Features and Benefits
- At maturity, 1.5 times the guaranteed sum assured is payable.
- It provides 3 times the guaranteed sum assured in case of death/disability.
The Fast Cash Plan is a life assurance policy commonly known as "the money back plan". It is suitable for clients who wish to earn FAST CASH as it pays a proportion of the Sum Assured every three years.
Features and Benefits
- It can be pledged as collateral security for a loan with any financial institution.
- In case of death/disability, twice the guaranteed sum assured (together with the accrued bonuses, as at the date of death/disability), is payable. Any instalment(s) already paid will not be deducted from that amount.
- At maturity the remaining guaranteed sum assured, together with bonuses accrued during the term of the policy, is payable.
This is the ideal savings plan which enables parents to save for the future cost of their children’s education. This plan can be set up for newly born babies, children and adolescents with policy terms ranging from 5 years to the 25th birthday of the child.
Features and Benefits
- At maturity, the guaranteed sum assured, plus accrued bonuses, is payable in a lump sum.
- The parent has the option to cash part of the sum assured before the maturity date in order to meet the education expenses of the child.
- Upon death of the parent, before maturity of the policy, the full guaranteed sum assured becomes payable. Additionally, all the remaining premiums, up to maturity of the policy, will be payable by the Insurer.
- On the maturity date, the guaranteed sum assured, together with accrued bonuses, is payable a SECOND time to the child.
- The student income benefit provides for the payment of a monthly income to the child in the event of death/disability of the parent.
Because of the economic pressure induced by an ageing population, it is highly advisable that you prepare for your retirement as from today. The Personal Pension plan allows you to save money and invest in a comfortable life after retirement.
Features and Benefits
- You can either decide the amount of contribution to make on a monthly basis now or the quantum of pension that you wish to receive at retirement.
- You may opt to retire at age 60 or 65.