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  • 10 Years Moneyback Plan 1

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    Sandiego Alexander
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    This document outlines the details of a 10-year insurance policy for an individual. The policy pays out partial amounts at years 4, 6, and 8, with the full sum assured plus bonuses paid at the end of year 10. Benefits include waiver of premiums if permanently disabled, full payout to family if death from natural causes, and double payout if accidental death. Premiums can be paid annually, semi-annually, quarterly, or monthly.

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    10 Years Moneyback Plan 1(2)

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    This document outlines the details of a 10-year insurance policy for an individual. The policy pays out partial amounts at years 4, 6, and 8, with the full sum assured plus bonuses paid at the end of year 10. Benefits include waiver of premiums if permanently disabled, full payout to family if death from natural causes, and double payout if accidental death. Premiums can be paid annually, semi-annually, quarterly, or monthly.

    Copyright:

    Attribution Non-Commercial (BY-NC)
    Download as DOC, PDF, TXT or read online from Scribd
    Flag for inappropriate content
    8 views1 page

    10 Years Moneyback Plan 1

    Uploaded by

    Sandiego Alexander
    This document outlines the details of a 10-year insurance policy for an individual. The policy pays out partial amounts at years 4, 6, and 8, with the full sum assured plus bonuses paid at the end of year 10. Benefits include waiver of premiums if permanently disabled, full payout to family if death from natural causes, and double payout if accidental death. Premiums can be paid annually, semi-annually, quarterly, or monthly.

    Copyright:

    Attribution Non-Commercial (BY-NC)
    Download as DOC, PDF, TXT or read online from Scribd
    Flag for inappropriate content
    of 1

    10 YEARS MONEYBACK PLAN This is a complete package of savings, investment and life cover that gives you a sense

    of fulfillment. The policy has three partial maturities and pays the full sum assured together with accrued bonuses at the end of the term A) PERSONAL DETAILS N e . .JUDITH GATHONI am

    Sum assured... kshs.250,000


    Term of policy Optional benefits 10 years. -waiver of premium -double accident cover

    B) MATURITY BENEFITS 4lh year (10% of sum assured) 6th year (10% of sum assured) 8 th year (10% of sum assured) 1011' year (100% of sum assured)
    Plus bonus accrued Total on maturity

    Kshs..25,000 Kshs..25,000 Kshs..25,000 Kshs...250,000 Kshs212,000 Kshs

    C) BENEFITS 1 . Incase of permanent disability both as a result of illness or an accident all future premiums will be waived and this does not affect the maturity benefits (B) above. 2. Incase of death due to natural causes, your family will be paid the full sum assured together with the bonuses accrued till the time of death and policy matures. -3. Incase of accidental death your family will be paid twice the sum assured i.e. kshs.2, 000,000: and policy matures.
    4. All claim and maturity amount are tax free and policyholders enjoy a tax relief of 15% of annual premiums to a maximum of Kshs 60,000 through income tax.

    D) PREMIUM MODES. Annual semi 35,385 18,223

    quarterly 9,289

    monthly 3,132

    We shall be glad to clarify any points pertaining to the policy on hearing from you. Thank you and assuring you our best attention.

    Regards, Kevin Were Financial Advisor 0712-950054 dl 2245744

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