Individual Life

Assurance

SMART SAVER

GENERAL • LIFE • HEALTH •

ASSET
 SMART SAVER
WHAT IS SMART SAVER PLAN?

This is An saving plan which enables one to accumulate a sum of money over a
specific period of time (minimum 5yrs and maximum 25 years)with an automatic

life cover. At the end of the accumulation Period the insured person gets the
accumulated savings and accrued Guaranteed Bonuses as a Lump sum amount.
FEATURES-BENEFIT STRUCTURE
Maturity Benefit Payable

Total 100% of Sum Assured + Bonuses

 SMART SAVER
This is an easy, flexible life savings plan that allows you
to accomplish your financial goals by providing a maturity
benefit at the end of the policy term.

The minimum age at entry for the premium payer of this

policy should be 18.
The policy is offered with policy terms of 5years with
maximum age of 65.

Death and Permanent total Disability Benefit – On the

death or permanent disablement of the main
policyholder, 100% of SA is payable.
The answer is smart save
 POLICY RIDERS
a. Personal Accident benefit .(Accidental Death Benefit)
 
100% of the SA (with accrued bonuses plus terminal bonus) will be
payable on death of a policy holder, if death was caused by an
accident. This benefit is payable in addition to any death benefit on
the main policy.
 
b. Critical illness.
 
50% of the SA with accrued bonus) will become payable if a policy
holder is diagnosed with a critical illness as the policy cover and
benefits continue unabated until maturity.

 c. Funeral Expense.

 
15% of the S.A (maximum UG 3,000,000) will become payable
within 48 hours on the notification of death of a policy holder.
POLICY RIDERS

d. Waiver of premium – Disability

 
The police man becoming totally and permanently disabled
due to an accident during the term of the policy, all future
premiums due will be waived; benefits continue unabated
until maturity or earlier death.
 
e. Waiver of premium - Critical Illness
 
On the police man being diagnosed with a critical illness
during the term of the policy, all future premiums will be
waived and the benefits continue unabated until maturity or
earlier death.
 SMART SAVER
LIFE COVER

1.The savings –life insurance provides 100% of the

guaranteed money to meet essential financial security needs
to ease financial blow of death. Amount is paid to next of kin
to ease the financial difficulty.

2. It ensures that the benefits are guaranteed from the

outset.
ADDITIONAL BENEFITS FOR SMART
SAVER
1. Access to loan:
 The policy holder can attain a loan against the policy
at 85% of the surrender value.

Nb. The Surrender value is attained after policy being active for
36 months.
How can I get started
 Fill a proposal form
 Attach a copy of your ID
 Premium payment
 One passport photo
Joseph Balikuddembe:

THANK

YOU
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