These are savings and protection plans where the sum assured is payable at the end of the endowment period or upon the death of the assured. Endowment periods are as follows: 5, 10,15,20,25 and 30 years or to age 50, 55, 60 and 65. Endowments also serve as a retirement plan.

Anticipated Endowments: These are also savings and protection plans for 15- and 20-year periods, but the sum assured is payable in 3 or 4 instalments, respectively, at 5-year intervals. If the policyholder dies after one or more instalments have been paid, the full original sum assured is payable without deduction of any instalment already paid.

Secondary School Education Endowment: The sum assured is payable in five (5) instalments; one in each of the five (5) years of the Secondary School period to pay school fees, etc. The policy must be effective by the age of 5 for the child.

University Education Endowment: The sum assured is payable in four (4) instalments, one in each of the four years at a University to pay tuition fees, etc. The policy must be effective by age 10 for the child.

Under the Education Endowment Plans, if the parent or premium payer dies or becomes disabled before the policy matures, the future premiums are waived, but the policy continues.

This is the cheapest form of Life Insurance! The sum assured is payable upon the death of the Life Assured during the selected period ranging from 5-25 years. This plan provides collateral security for mortgages and other loans and protects the family.

Term 5 years Renewable and Convertible: The term of Assurance is for a five (5) year period to cover the contingency of death and is only payable if the Life Assured dies during that period. This policy may be renewed for further periods of five (5) years or converted to any permanent policy offered by the company.

Deferred Annuities: Deferred Annuities can be funded by a single, monthly, quarterly, semi-annually or annually premium. Pension payment will commence at a selected future age.

Immediate Annuities: Immediate Annuities are funded by a single premium and pension payment will commence immediately.

Hospital Indemnity: Cash amounts are paid for each day the Life Assured is hospitalised. The amount depends on the sum assured of the Basic Plan.

Accidental Medical Expenses: Medical expenses incurred in an accident are covered up to a specified maximum amount. This coverage is only attached to Children’s policies

Accidental Death and Dismemberment: Twice the sum assured will be paid if death occurs by accident. Part or the entire sum assured will be paid for loss of limbs or eyesight.

Accidental Disability Income Benefit: Up to 66 2/3 % of the Life Assured’s monthly salary (to a maximum amount) will be paid from the second month of disability due to an accident. The maximum payment period for disability is 60 months.

Total Permanent Disability: If the Life Assured becomes totally and permanently disabled due to illness or an accident, the sum assured will be paid after one (1) year of continuous disability.

Total Disability Waiver of Premium: If the Life Assured becomes totally and continuously disabled, the premiums paid over the six (6) month period are refunded to the Life Assured, and all further premiums will be waived until the disability ceases. This policy applies to individuals aged 15 years and over.

Payer Waiver of Premium: This coverage is only attached to Children’s policies. If the premium payer (parent) dies or becomes disabled, future premiums will be waived, and the policy will be kept in force. Payment of school fees is therefore assured.