Sum InsuredInsurance Period |
GGI Short Term Life InsuranceDescriptionAge : 10 to 60 years Payment Method: 3 mths /6 mths/ Yearly Permium Rate:The premium rate is fixed throughout the policy term. Benefits : No tax shall be assessed on insurance indemnity. Promote the habit of savings individually by effcting Life Insurance and provides sum maturity benefit at the end of the term of policy. Death benefit, Maturity benefit, Total permanent disability (TPD) benefit |
FNI Short Term Life InsuranceDescriptionAge : 10 to 55 years Permium Rate:Premiums are payable, based on Assured’s age, Sum insured and term etc. Premiums can be paid in quarterly, half year and yearly installments. The Proposer will be medically examined. Benefits : The Sum insured will be paid to the Assured who is incapacitated by total Disability afflicted within the term to earn any income. For the other cases the compensation will be paid in proportion to percentage certified by the Physician. In the event of the Assured’s death within the term death claim (sum insured) will be paid to the Beneficiary. The Sum insured will be paid at the time of maturity, if there had been no claim within the term. After payment of premium for 2 and 3 consecutive years for 5 to 12 year-term and 13 year and above term policies, Loans are attainable. |
Capital Life Short Term Life InsuranceDescriptionAge Limit : 10 - 60 Years Payment Method : Monthly/ 3 mths /6 mths/ Yearly Premium Rate:Premium payment rate will be calculated based on the coverage and age of the insured person Benefits :Build a good saving habit.Financial support for the family in unexpected tragedy.Total Benefit/Maturity Benefit amount exceeds the premium paid.Personal Income Tax saving.No tax shall be assessed on insurance indemnity or maturity benefit.No warrant from debtors is allowed to issue upon policy benefits. |
