This is a profit-anticipated endowment policy, where bonuses are declared annually. Like the Madison 2000plus, it offers a secured disciplined savings program to accumulate a capital sum for a definite purpose. This is done through a selected savings period of 12, 15, 18, 21 or 24 years. Cash benefits of 25%, 25% and 50% of the Sum Assured are payable after 1/3, 2/3 and at Maturity respectively.
Some of the benefits include:-
- The Survival benefits payable, based on the term of the policy.
- Accrued bonuses payable at Maturity
- In the event of death of the Life Assured during the term of the policy, the Sum Assured and Accrued bonuses are payable immediately.
