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 of achieving long‑term financial security, wealth accumulation, and future financial stability for themselves and their dependents.
Introduction
Provides guaranteed insurance cover as well as a means for income earners to commit to a savings and investment plan with the goal of achieving long‑term financial security, wealth accumulation, and future financial stability for themselves and their dependents.
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)