This life insurance policy is designed to pay a sum assured after a specified term (on its maturity) or when the life insured dies within the specified period. 

Scope of cover: 
This policy covers the death by accident and illness. 

BENEFITS: 
• Personal saving for Future Plans (Education/Home/Business) 
• Security of Financial obligations, 
• Extra earnings – Bonus/reduction of tax obligations. 

EXCLUSIONS: 
• Suicide case 
•Pre-existing illness 

Requirements: 
• SIGN Proposal Form 
• PROVIDE Life Assured Date of Birth
 • Salary automatic deduction form 
• Verbal Agreement for Self Pay 
• Agreement on the minimum premium $5.00 PER fortnight/ $5.00 twice PER MONTH. 

Terms and Premium: • 

1. Different terms 
- 10 years 
- 15 years 
- 20 years 
- 25 years 
- Up to retirement age (50 & 55 ages). 

Current age plus 5 greater than the retirement age – not entitled. 
• 2. Minimum Premium - $5.00 per fortnight or $5.00 twice per month. 

Types of claims: 
• Maturity Claim (Sum Assured plus Bonus), 
• Death Claim (Sum Assured), 
• Surrender Claim:-Adult Surrender;Minor Surrender 
• Refund