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Group life assurance

Fanaka life assurance ( 60 age)     offer both security and investment

Policy Term: (years)

60

Short Period Allowed:

No

Minimal Policy Term: (years)

None

Cancellation Allowed:

Yes

Minimum Cancellation Period: (days)

30

Surrender Allowed:

Yes

Minimum Surrender Period: (days)

30

Benefits

1. withdrawal benefit

       it provides return of invested savings together with interest for Pensave plans

2. Savings Bonus

       for products which have a savings portion, assured will be entitle to receive his/her annual saving plus bonus every year after locking period.

3. Death benefit

       In case of death of life assured during contractual period

4. Permanent Disability

       Permanent Disability

5. Retirement Benefit

       Retirement Benefit

Product Extension(s)

1. double indemnity benefit (DIB)

       in case of accidental death twice sum assured will be payable under the named policy

2. Funeral expenses (child)

       it overs funeral expenses

3. Funeral expenses (spouse)

       it covers funeral costs

4. Funeral expenses (main member)

       Cover the expenses of funeral

5. Permanent Disability

       Permanent Disability

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