Why you need a plan for life coverage
Life is unpredictable no matter what stage you are at
Works to assist the family and cover direct costs such
as mortgage repayments or other loans
May also operate as a fund for long-term objectives or needs
How does the plan work
Choose a coverage amount and contribute at regular intervals depending on the choice of your coverage amount
Depending on your choice, the invested amount varies according to your profile
In case of loss of life, the amount insured is paid to your family
Plans for life coverage
Basic features
Plan
Description
Life Plan
– Offers insurance protection to the family against the risk of loss of life
– Ability to add benefits associated with loss of life in order to secure additional coverage
– Ability to add other supplementary benefits
Level Term
– Offers insurance protection to the family in the event of loss of life
– Ability to add benefits associated with loss of life in order to secure additional coverage
– Ability to add other supplementary benefits
– Low premium for a predetermined period
– The plan does not offer savings
Life Protect
– Offers insurance protection to the family against the risk of loss of life
– Ability to add benefits associated with loss of life in order to secure additional coverage
– Ability to add other supplementary benefits
Credit Life
– Offers insurance protection against the risk of loss of life and is suitable for covering loan obligations
– Ability to add benefits associated with disability
– Premium payments expire at the ¾ of the policy duration
– The sum insured reduces automatically on every policy anniversary
Personal Accident
– Offers insurance protection against the risk of loss of life and other benefits that are due to accident.
– The plan does not offer savings.
Linking to investment funds and capital formation
YES
NO
NO
NO
NO
Basic coverage
In the event of loss of life, the insured is paid the selected sum insured or the amount invested, whichever is greater
In the event of loss of life, the insured is paid the selected sum insured
In the event of loss of life, the insured is paid the selected sum insured or the amount invested, whichever is greater
In the event of loss of life, the current insured amount will be paid to the owner or its beneficiaries.
In the event of loss of life due to accident, the insured is paid the selected sum insured.
Age
Duration
Life
1 to 45 years
(expiration at the age of 75)
Life – expiration at the age of 80
5 to 40 years (expiration at the age of 85
Life – expiration at age 70
Basic coverage
Lump sum
Lump sum
Lump sum
Lump sum
Lump sum
Policy modification options
– Changes are allowed
– Ability to modify the premium/sum insured according to the client’s current needs
– Ability to add a single premium
– Can be converted to a paid-up policy
– Ability to withdraw/surrender investment units
– Can be reinstated
– Supplementary benefits can be added or removed
– Ability to transfer a risk amount to and from another policy
– Ability to modify the premium/sum insured
– Can be reinstated
– Ability to modify the premium/sum insured
– Can be reinstated
– Supplementary benefits can be added or removed
– Some of the supplementary benefits can be added or removed
– Can be reinstated
– Ability to downgrade or upgrade your Package coverage.
Plan
Life Plan
Description
– Offers insurance protection to the family against the risk of loss of life
– Ability to add benefits associated with loss of life in order to secure additional coverage
– Ability to add other supplementary benefits
Linking to investment funds and capital formation
YES
Basic coverage
In the event of loss of life, the insured is paid the selected sum insured or the amount invested, whichever is greater
Age
Duration
Life
Basic coverage
Lump sum
Policy modification options
– Changes are allowed
– Ability to modify the premium/sum insured according to the client’s current needs
– Ability to add a single premium
– Can be converted to a paid-up policy
– Ability to withdraw/surrender investment units
– Can be reinstated
– Supplementary benefits can be added or removed
– Ability to transfer a risk amount to and from another policy
Plan
Description
Level Term
– Offers insurance protection to the family in the event of loss of life
– Ability to add benefits associated with loss of life in order to secure additional coverage
– Ability to add other supplementary benefits
– Low premium for a predetermined period
– The plan does not offer savings
Linking to investment funds and capital formation
YES
Basic coverage
In the event of loss of life, the insured is paid the selected sum insured
Age
Duration
1 to 45 years
(expiration at the age of 75)
Basic coverage
Lump sum
Policy modification options
– Ability to modify the premium/sum insured
– Can be reinstated
Plan
Description
Life Protect
– Offers insurance protection to the family against the risk of loss of life
– Ability to add benefits associated with loss of life in order to secure additional coverage
– Ability to add other supplementary benefits
Linking to investment funds and capital formation
YES
Basic coverage
In the event of loss of life, the insured is paid the selected sum insured or the amount invested, whichever is greater
Age
Linking to investment funds and capital formation
YES
Duration
Life – expiration at the age of 80
Basic coverage
Lump sum
Policy modification options
– Ability to modify the premium/sum insured
– Can be reinstated
– Supplementary benefits can be added or removed
Plan
Description
Credit Life
– Offers insurance protection against the risk of loss of life and is suitable for covering loan obligations
– Ability to add benefits associated with disability
– Premium payments expire at the ¾ of the policy duration
– The sum insured reduces automatically on every policy anniversary
Linking to investment funds and capital formation
YES
Basic coverage
In the event of loss of life, the current insured amount will be paid to the owner or its beneficiaries.
Age
Duration
5 to 40 years (expiration at the age of 85
Basic coverage
Lump sum
Linking to investment funds and capital formation
YES
Policy modification options
– Some of the supplementary benefits can be added or removed
– Can be reinstated
Plan
Description
Personal Accident
– Offers insurance protection against the risk of loss of life and other benefits that are due to accident.
– The plan does not offer savings.
Linking to investment funds and capital formation
YES
Basic coverage
In the event of loss of life due to accident, the insured is paid the selected sum insured.
Age
Duration
Life – expiration at age 70
Basic coverage
Lump sum
Policy modification options
– Ability to downgrade or upgrade your Package coverage.