Special Whole Life Insurance Plan
Special Whole Life Plan provides life cover throughout the lifetime of the policyholder. Attaining the age of 60 the life assured stop paying the premium, and as long as the assured is still alive the policy will remain in force, as well as benefitting its survival benefits at the end of every five (5) years.
Prior to attaining the age of 60 years old, provided the policy is kept in force by regular payments of the premium, the policyholder will, on survival, at the end of every five (5) years, continue to receive 15% of the sum assured as long as he lives.
Additional Covers:
Cover for Family Income benefits and Double Accident Benefits can be added on request and on payment of an appropriate additional premium.
Benefits Attributed to all plans:
1) On survival to the end of the term, the sum assured and accrued bonuses are payable;
2) On death during the term, the sum assured plus bonuses accrued up the date of death are payable;
3) On Total and Permanent Disablement the sum assured and the bonuses accrued up to disablement are payable;
4) A with-profit policy is an elective option. It is always preferable as it has an added attraction in that as it earns the right to
share the bonus, which a yearly percentage is declared by the actuary.