Insurance Life Plan
The Plan aims at providing insurance protection to the Assured from the risk of loss of life as well as the possibility of systematic savings and the formation of capital. The Life Fund of Multiple Choices is a Fixed Term unit linked Plan and at expiry a sum equal to the value of the units credited to the Policy at the time is payable, such value being computed on the basis of the Redemption Price applicable on the Valuation Date preceding the Expiry Date, less any charges or amounts due to the Company. The Plan’s flexibility lies in the fact that it is easily adjustable in order that it lives up to the Insured’s needs each time.
Riders offered by us can be added to the Plan.
The Plan covers all war risks other than military flights.
In the event of the Assured committing suicide within the first 12 months from the inception date of the Policy or its reinstatement, the Company’s liability is limited to the interest free return of the premiums paid in respect of the basic life insurance.
We guarantee the free allocation to the Policy of a number of additional units (bonus units) on the 5th anniversary of the Policy and on each anniversary thereafter, provided that the Policy remains in force. The number of the bonus units is determined as a percentage of the Policy Units credited to the Policy on such anniversary and the aforesaid percentage appears on the Table of Benefits and Premiums and the Prospectus and is quaranteed. No bonus units are allotted to the units of Additional Premium and in case the Policy is converted to Paid Up.
Insurance Choice Plan
The Insurance Choice Plan is a Whole Life Plan linked to units and is specially designed to provide flexibility to the Assured. The Plan aims to giving clients the opportunity to create a combination of investment and cover (as for example a health plan) at a comparatively lower total premium.
The additional benefits offered by Insurance can be added to the Plan. The Plan covers all war risks other than military flights. In the event of the Assured committing suicide within the first 12 months from the inception date of the Policy or its reinstatement, the Company’s liability is limited to the interest free return of the premiums paid in respect of the basic life insurance. Insurance guarantees the free allocation to the Policy of a number of additional units (bonus units) on the 20th anniversary of the Policy and on each anniversary thereafter, provided that the Policy remains in force.
The number of the bonus units is determined as a percentage of the Policy Units credited to the Policy on such anniversary and the aforesaid percentage appears on the Table of Benefits and Premiums and the Prospectus and is guaranteed. No bonus units are allotted to the units of Additional Premium and in case the Policy is converted to Paid Up.
Freedom
FREEDOM is a very simple and at the same time flexible life policy linked to investment units. It provides the opportunity to those interested in insuring their lives irrespective of the state of their health. The only requirement for obtaining this policy is for the applicant to be aged between 20 and 60 years of age and to complete a Proposal Form.
Single Premium
This is an insurance plan linked to investment units and its premium consists of one instalment payable at the inception of the policy. It aims primarily to provide the opportunity of investment of the once off premium paid at the inception of the Policy and if the assured so wishes, during its validity. At the same time, it provides insurance cover for an amount equal to the total of the once off paid premiums thus assuring that in the event of the death of the Assured, the amount payable by the Company shall not be less than the total of the once off paid premiums, provided that no surrender of the Policy has taken place.
The Plan covers all war risks other than military flights. In the event of the Assured committing suicide within the first 12 months from the inception date of the Policy or its reinstatement, the Company’s liability is limited to the interest free return of the premiums paid in respect of the basic life insurance. We guarantee the free allocation to the Policy of a number of additional units (bonus units) on the 1st anniversary of the Policy and on each anniversary thereafter, provided that the Policy remains in force. The number of the bonus units is determined as a percentage of the Policy Units credited to the Policy on such anniversary and the aforesaid percentage appears on the Table of Benefits and Premiums and the Prospectus and is guaranteed. No bonus units are allotted to the units of Additional Premium. The Policy can be partly or wholly surrendered at any time after its inception date.
Reliever
Lump Sum
Provident
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