Product Outline

• This is a savings product whose proceeds are used to purchase retirement pensions.
• Product proceeds are directly linked to the value of the underlying investments
• On retirement, each policyholder receives an Accumulated Fund Account allocated to the policy.

Death benefit

• On death of the policyholder Accumulated Account Balance at date of death is paid out.

Maturity Benefits

• Accumulated Fund Value at date of maturity is determined.
• Policy ends.

Paid Up

• A paid up value is available after 2 years’ premiums have been paid.
• Paid up value is the percentage of the accumulated fund account.
• The percentage depends on the duration at paid-up date and original term of the policy.
• The term to run remains the same as it was before the policy is made paid-up.
• Accumulated account continues to grow with interest declared from time to time.
• Policy continues but changed.

Voluntary Early Retirement – Policy Ends

• Allowed if policyholder is at least 55 age attained.

• The Policyholder is entitled to the paid up fund value at the date of retirement.

ILL Health Early Retirement

• Satisfactory medical evidence should be submitted.
• The policyholder is entitled to fund value as at date of retirement.

Surrender Benefit

• The policy does not have a surrender benefit.