Guaranteed Endowment Plan
Provides guaranteed insurance cover as well as a means for income earners to commit to a savings and investment plan with the goal
Introduction
Provides guaranteed insurance cover as well as a means for income earners to commit to a savings and investment plan with the goal
Features
• Entry age: 18-60 years
• Term: 5, 10, 15 or 20 years up to 65
• Automatic Premium Loan: Provision is available upon premium default to ensure that the policy does not lapse.
• Rider Options
- Terminal Bonus
- Premium Waiver
• Sum Assured/Premium are subject to revision at policy anniversary
Benefits
• Death Benefit is the guaranteed Sum Assured payable to the Trustees
• Maturity Benefit: Sum Assured plus the Terminal Bonus (if Applicable)