Future Secure Regular Guaranteed Return Plan – Plan No. 243 (Only for Bahrain)

Future Secure Regular Guaranteed Return Plan – Plan No. 243 (Only for Bahrain)

INTRODUCTION

This is a without profit endowment plan with a fixed term of 5 years and limited premium payment option of  3 years with guaranteed return of basic Sum Assured and Top Up Premium.

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 policy term, 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.

Guaranteed Addition payable on Basic Sum Assured and Top Up Premium will be at the rate of USD 37.5 p.a per thousand.

BASIC PRODUCTS FEATURES, RESTRICTION AND APPLICABILITY

SERVICING ASPECTS

Premium payment

Limited premium payment option of 3 years, is available.

Policy Loan

Policy holder can raise a loan on the security of the policy after the policy has acquired paid-up value by payment of premium at least for two years from the date of commencement.

Paid Up Value

If premium have been paid for a period of at least two full years and thereafter due to unforeseen circumstances, payment cannot be made, policy will automatically be converted into a paid up policy for a reduced sum assured, payable on the date of maturity or in event of unfortunate death, if earlier.