Life Insurance
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
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