New Money Tree
Other Plans
New Money Tree Plan– 694/ 695 /696 (Secure Your Future)
Unique features: A plan with periodical returns (Money Back) after every Three years.
The most uniqueness of the plan is that in case of an unfortunate death during any time, despite the periodical payouts, death cover for the full sum assured is ensured till maturity.
Need to Know:
- Age Limit- Minimum: 0 years (30 Days) & Maximum: 55 Years
- Policy Term of- 12, 15 or 18 years
- Minimum Sum Assured – F$25,000
- Maximum age at maturity – 70 years
To know “What is in there for You” click here
Eligibility
ELIGIBILITY:
Plans | Minimum Age at Entry | Maximum Age at Entry | Maximum Age at Maturity |
New Money Tree Plans | |||
Table 694-12 | 0 (30 Days) | 55 | 70 |
Table 695-15 | 0 (30 Days) | 55 | 70 |
Table 696-18 | 0 (30 Days) | 52 | 70 |
Premium Paying Term (PPT) | 12/15/18 Years |
Minimum Basic Sum Assured | $25,000 (multiples of $ 5000) |
Maximum Basic Sum Assured | No Limit |
Term of policy | 12/15/18 Years |
Minimum age for Accident Benefit | 18 Years |
Maximum age of entry for AB | 60 Years |
Accident Benefit available upto | 65 Years |
Maximum Accident Benefit Sum Assured | Equal to Basic Sum Assured subject to the maximum aggregate limit of $200,000 under all existing policies on the same life |
Benefits
Basic Benefits
Death Benefit: Payment of the sum assured + the vested bonuses on death of the life assured during the term of the policy.
Maturity Benefit: Payment of the last survival benefit + the vested bonuses on the date of maturity of the policy.
Optional Benefits: Accident Benefit,Critical Illness Rider and Term Assurance Rider.
Loan Facility available subject to conditions.
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.
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68 Years of Commitment and Trust
