Special Endowment Assurance Plan

Everyone needs some form of financial security for the future. Our life insurance plans give you two levels of security for your peace of mind. You can make a savings plan for yourself and/or provide for your loved ones in the event you are no longer around.

The Special Endowment Assurance Plan is a unique plan, which effectively combines savings and security with investment.

On survival at the end of every five years, 15% of the sum assured of the plan is payable.

Upon maturity, the survival benefits already paid will be deducted from the sum assured.

On death during the term of the plan, the full sum assured (without deduction of the survival benefits already paid) plus accrued bonuses is payable to the beneficiary or beneficiaries.

Benefits of this Plan:

> On survival, at the end of every term, the sum assured (less survival paid) and accrued bonus is payable;

> On death during the term, the sum assured, plus bonuses accrued up the date of death are payable;

> On Total and Permanent Disablement, the sum assured, plus bonuses accrued up the date of Total and Permanent Disablement are payable;

> Many clients prefer to choose a with-profits plan as it attracts an annual bonus.

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Policy Advances

All ordinary policy holders (ordinary plans) may be granted an advance against their respective plan based on a cash surrender value at the time of application. The policy advance is repayable in accordance with our terms and conditions.