High Growth Savings Plan combines life assurance with rapid growth of your savings:
- Flexible interest-sensitive plan.
- Choice of regular and voluntary contributions
- Benefit payment at 60 or 10th policy Anniversary
- Special bonus at maturity
Type of Product: Interest Sensitive
Minimum Joining Age: 18 years
Maximum Joining Age: 60 years
Minimum Premium: Rs 1,000
Maximum Premium: Unlimited
Premium Frequency: Monthly, quarterly, half-yearly or annually
Additional Voluntary Contribution: May be made at any time
Term of Policy: Matures at age 60 or 10th policy anniversary (if joining after age 50)
Surrender Value:
1. First 13 years: Policy Account less applicable surrender charges
2. From 14th years onwards: Full Policy Account
Benefits at Maturity: Policy Account
Death Benefits: The higher of the Policy Account or the Amount of Insurance
Disability Benefits: No disability benefits
Joint Benefits: No joint benefits
Other Benefits: A Special Bonus, payable at maturity, equivalent to 0.5% of Policy Account for each complete year the Policy was in force
How do I apply?
Simply contact your BAI Insurance Advisor or call us free on 800 1000.
You can visit any of our branches across the island.
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