Product features

• Individual Death
  1. a lumpsum benefit is paid out on the death, during the policy term, of:
     • The policyholder, and/or
     • A named child
• Individual Funeral
  1. 20% of the death sum assured is immediately paid out on the death of the policyholder to cover funeral expenses
• Individual Critical illness
  1. 30% of the death benefit is paid out if the policyholder is medically diagnosed of one or more of specified Critical Illnesses during the policy term
• Individual Disability (Lump sum)

  50% of the death benefit is paid out as a Total and Permanent Disability (TPD) benefit on the total and permanent disablement of the policyholder during the policy term,

• Individual Waiver of Premium (WOP)
  • WOP on Temporary Disability – premiums are waived for a up to 6 months upon the temporary disablement of the policyholder during the policy term
  • WOP on Death – premiums for the child death benefit are waived on the death of the policyholder during the policy term
• Loyalty Bonus

  20% of the premiums paid is payable at the end of every 5-year cycle if the policy stays in-force and no claims have been made. The benefit is paid into a separate mutual fund account held by the policyholder. The mutual fund account is under the full control of the policyholder. FAI is not involved at all in the management of the mutual fund.

• Return of premiums (RoP)

  On survival of the policyholder to the end of the policy term, all premiums paid will be returned (excluding interest and policy fees), provided no claims have been paid