Saving and Investment Plans Hibret September 14, 2024
—Secure your tomorrow today!
Saving and Investments

This is one kind of life plans that brings together two plans in one, saving and protection offering a life cover along with the benefits of a savings plan. Our endowment policy helps the policyholder to build a risk-free savings, and offers financial security to the family if there is any unfortunate event.

Our life insurance plans offer the building blocks to create a secure tomorrow. We believe in helping you protect what matters most, empowering you to achieve your dream and face life’s challenges head-on.

Additional Benefits:

Now that we know endowment meaning, we know that an endowment policy comes with the benefit of an endowment insurance instrument, ensuring that your family stays protected even in your absence. In certain types of endowment plans, not only a guaranteed sum is assured, but additional bonuses as well that can be redeemed upon the tragic demise of the policyholder.

As the meaning of endowment plan suggests, we know that it is also has a saving benefit that aids build a collection against regular investments, coupled with the bonuses and guaranteed additions offered by some of our endowment plans.
You have the privilege and flexibility to decide the premium payment schedule that suits you – annually, semi-annually, quarterly, or monthly.
We also offer a grace period of 30 days for you to make payments towards your due premiums.
Once you have paid premiums for at least three years, your endowment policy will accumulate cash value that you can borrow against. This is highly beneficial for individuals who wish to secure a loan, but not from a bank at a higher rate of interest.
Should circumstance make it necessary to stop paying premiums altogether, (provided two or more years’ premiums have been paid) your policy may be converted into a ‘Paid-up policy’ for a reduced amount.
SAVING AND INVESTMENT PLANS
Covers Provided Under Endowment plans:
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Ordinary endowment
Pays the sum assured at the end of an agreed term (on survival) or pays the sum assured to your dependents/beneficiaries in case of early death.Surrender value or Loan Provisions
We foster an environment that promotes collaboration, innovation, adaptability, a sense of unity, and solidarity among our stakeholders and partners.
Anticipated endowment
Pays the maturity value in three installments.Gives death protection for the whole sum assured despite collecting partial sum assured. In Anticipated Endowment: You get protection! You save! You get maturity values three times!
We foster an environment that promotes collaboration, innovation, adaptability, a sense of unity, and solidarity among our stakeholders and partners.
Education endowment
Our education endowment plan is specifically designed to address the concerns of parents regarding their child’s future education expenses. By purchasing an education policy, parents can secure the necessary funds to ensure their child’s education without worrying about financial constraints.
Saving and Investment Plans

Does the Endowment Plan participate in profit sharing?

There are two premium scales. One entitles the policy to share in profits based on actuarial valuations. If you choose this scale, then you will share profits from our life business operations.

Do You Know? That when you buy an endowment policy on your life, you are actually guaranteeing yourself and your dependents that there will be nothing, NOT EVEN DEATH, to interrupt your plans of SAVING?

Riders — Add-ons (what we call sweeteners)
We foster an environment that promotes collaboration, innovation, adaptability, a sense of unity, and solidarity among our stakeholders and partners.
01
ACCIDENTAL DEATH BENEFIT
pays the sum assured in case of accidental death of the assured. This payment is, of course, in addition to the basic sum assured.
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We foster an environment that promotes collaboration, innovation, adaptability, a sense of unity, and solidarity among our stakeholders and partners.
02
JOINT LIFE COVER
Allows life cover to extend to cover the spouse. Benefits are paid on maturity or first death.
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We foster an environment that promotes collaboration, innovation, adaptability, a sense of unity, and solidarity among our stakeholders and partners.
03
PREMIUM WAIVER
Allows the premiums to be waived during the term of the policy should the assured become totally and permanently disabled due to an accident or illness.
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Saving and Investment Plans

Group endowment plan

This plan is designed to give life assurance cover and savings for employees who work under one employment. Under this plan there are three retirement ages to choose from – Ages 55, 60 or 65.
Coverage advantages:
Retirement Benefit, Death Benefit, Low premiums, Option to convert cover to individual endowment in case of early termination of employment, Includes accidental cover for death and disabilities.