Our Anticipated Endowment Policy in addition to other benefits is designed to provide a short and long term savings and investment facility thereby making it possible to meet future financial needs on predetermined periodical intervals.

Product Summary

  • The policy has fixed years terms of 12, 15, 18 and 21.
  • Benefits and bonuses payable depend on the Sum assured and are payable on the death of the main policy holder within the term of the policy and provides maturity benefits 3 times during the term of policy

Death Benefits
Death of Policyholder during policy term – On death of the main policyholder due to Natural or Accidental causes during the policy period, the Policy will pay the full sum assured inclusive of reversionary bonuses

Maturity Benefits 
The policy pays two equal partial payments of 25% of the Sum assured on completion of the 1st and 2nd thirds of the policy. On maturity of the policy, 50% of the sum assured will be paid together with accrued reversionary bonuses.

Partial Maturities Percentage Factor on Sum Assured Payable
Partial – 1 25%
Partial – 2 25%
Final Maturity 50%
Total Benefit 100%

Optional riders

Critical Illness Benefit – A lump-sum benefit of the full sum as­sured will be provided on diagnosis of a critical illness to the main policyholder.

Personal Accident – On personal accident the full sum assured will be payable.

Funeral Expenseon the death of the Life assured a funeral expense benefit is payable with 48 hrs. on receipt of death notification.

Permanent Total Disability (PTD) – On PTD a lump-sum benefit of the full sum assured will be paid to the policyholder within 36 months. The proposed PTD rider rates have been attached as an appendix to this report

Other features

Surrender Benefits – A policyholder may surrender their policy at any time from the third year but before the commencement of the it payments

Reversionary bonuses
Simple reversionary bonuses will be declared on the product as advised at the end of each actuarial valuation of the life fund. A policy must have been in force for at least one year in order to accrue the bonuses

Tax benefits– The policy holder is entitled to Tax exemption on the premium paid.