Future Secure Guaranteed Return Plan – Plan No. 242 (Only For Bahrain)

Future Secure Guaranteed Return Plan – Plan No. 242 (Only For Bahrain)

INTRODUCTION

This plan is suitable for those who want to invest in lump sum for a shorter period and expect guaranteed returns on their investments, in addition to having the benefit of life insurance.

BENEFIT

Basic Sum Assured along with Top Up Premium (if any) and Guaranteed Additions on Basic Sum Assured and Top Up Premium are payable in lump sum to the policyholder at the end of the policy term.

In case of unfortunate death of the life assured during the term of the policy, Basic Sum Assured along with Top Up Premium (if any) and Accrued Guaranteed Additions on the Basic Sum Assured and Top Up Premium will be paid to the beneficiary.  Guaranteed Addition will accrue on a pro-rata basic upto the date of death.  In the event of death of life assured due to accident during the term of the policy, an additional amount equal to 100% of Basic Sum Assured will be payable to the beneficiary.

Guaranteed Addition payable on Basic Sum Assured and Top Up Premium will be at the rate of USD 30 p.a per thousand.

BASIC PRODUCTS FEATURES, RESTRICTION AND APPLICABILITY

SERVICING ASPECTS

Premium payment

Single premium payment option is only available.

Policy Loan

Policyholders can raise a loan after the policy has acquired surrender value.

Paid Up Value

Not Applicable