New Gold Life Plus

Other Plans

New Gold Life Plus Plan – 638 ( Relax and Enjoy) –

In a market economy where interest rates are volatile and fluctuating, there is a need for a product that provides protection and reasonable returns on investments. NEW GOLD LIFE PLUS single premium plan is an insurance plan providing guaranteed additions of 3.5% of sum assured per annum respectively for term 5 years, besides insurance and accident cover.

Unique features: Lump sum Investment with Lump Sum maturity payment with Guaranteed Additions

Need to Know:

Age Limit- Minimum: 18 years & Maximum: 65 years
Policy Term: 5 year

To know “What is in there for You” click here

Eligibility

Eligibility Conditions:

Minimum age at entry	18
Maximum age at entry	65
Maximum maturity age	70
Policy Term	5 Years
Minimum sum assured	F$ 25,000 and in multiples of $5000
Maximum sum assured	No upper limit
Mode of premium payment	Single Premium only
Rider Benefits	Accident and disability benefits Rider

Benefits

Basic Benefit

Death Benefit: Payment of the sum assured + Accrued guaranteed additions

Maturity Benefit: Payment of the sum assured + Accrued guaranteed additions + Loyalty Additions (if any)

Guaranteed Additions: A guaranteed addition will accrue for each policy year at a simple rate of F$ 35 per thousand Sum Assured for a policy term of 5 years.

Loyalty Addition: Depending on the Corporation’s experience the policies under this plan shall be eligible for Loyalty Addition, if any.

Optional Benefits

The optional benefits are available on payment of additional premiums over and above the basic premiums. These benefits are Accident Benefit & Disability Benefit Rider. This Rider will be applicable only up to 65 Years of age.

All Information provided on this website is only illustrative and is subject to change.

Please contact your LICI Agent or LICI office for any further clarifications.