Save and Invest

Be rest assured

More Cover Endowment plan is a long-term savings plan that allows a policyholder to participate directly in the performance of a diversified investments portfolio for a selected period while enjoying life cover protection in the event of premature death. The plan allows the policyholder to enjoy life cover immediately from the issue date provided he/she has undergone some minimum medical examinations. A waiting period of six (6) months applies from the issue date before life cover becomes effective if the applicant has not undergone the required medical examinations. During the waiting period cover is only available for deaths arising from accidental causes.

Benefits

• Withdrawal Facility to meet unexpected cash needs after a minimum period of at least 2 years
• Cash out your policy benefit after paying premiums for at least two years
•  Customizable policy term to suit your protection and savings objectives.
• Stop paying premiums after 2 years and maintain reduced benefits in a paid-up state

Requirements

• Documentary proof of identity for the policyholder and all of the registered dependents in the form of a copy of the ID card
• Documentary evidence of age in the form of an original or certified copy of your birth certificate

Invest and get long term returns

The Prime Plan policy is a long-term savings plan that allows a policyholder to participate directly in the performance of a diversified investments portfolio for a selected period. A portion of each premium paid is invested on behalf of the policyholder and the amount accumulated over the investment period is payable as a lump sum on the maturity date or in the event of earlier death and the amount that is credited to the policy depends on the returns achieved on the underlying investments. After a minimum period of two years, a partial cash withdrawal facility is available to meet unexpected cash needs but such partial withdrawal reduces the ultimate maturity value of your policy. A full surrender benefit is also available after two years and it should be noted that the surrender value can be less than the total premiums paid.

Benefits

• In the event of an urgent need for funds, you may make partial withdrawals from your policy, provided it has been in force for at least 2 years
• Level term assurance can be added to your policy to provide life cover protection as an enhancement to the basic savings plan.
• The amount that is credited to the policy depends on the returns achieved on the underlying investments.

Payment of premiums

If premiums are discontinued at any time, the accrued benefits under the savings plan are maintained in a paid-up state. Any attached level term assurance benefit lapses once the basic policy is converted to paid-up status.

Requirements

• Documentary proof of identity for the policyholder and all of the registered dependents in the form of a copy of the ID card
• Documentary evidence of age in the form of an original or certified copy of your birth certificate
• Proof of identity
• Documents to verify age
• Proof of dependency
• Proof of nationality