Looking to secure yourself through having a plan to fund a future business venture, purchasing a dream home or providing financial security for your family in the event of an untimely death?
Anticipated Endowment Plan
What is an Anticipated Endowment Plan?
This is a plan that enable you to make regular payments towards your insurance and savings goals over a specified period of time in exchange for interim payouts and the agreed total (sum assured) at the end of the period. It is suitable for anyone who wants to enjoy the benefits of a life insurance plan but with interim rewards, without having to wait the entire duration of the policy.
To get Anticipated Endowment Plan please click GET STARTED.
Policy Features
- Variety of options to choose from – There are several options for you to take under this plan. You can choose an 8-20-year plan that has 5 payouts staggered 5 years to maturity: A 15-year plan with 3 partial payouts on year 5, 10 and 15; A 20 year-plan with 3 Payouts on year 10,15 and 20.
- Scalability – At a small additional charge, you can boost your Anticipated Endowment Plan with covers such Critical Illness, Accidental Death Benefit and Waiver of Premium
Benefits
Tax Free Benefit – The total benefit of your policy at maturity is not subject to any tax.
Tax relief
Affordability – You can start a policy with as low as Kes 1,000
Continuity in the event of loss of income – It is possible for you to revive your policy in case in case of loss of income that results in you not being able to continue paying premiums for some time
Guaranteed Income to loved ones – In the unfortunate event of your demise,
Policy Loan – You can take up a policy loan against your premiums as long as the policy has been in force for more than 36 months. Read more about the Premium Policy loan
What is the application process?
Would you like to start or enhance your savings with the Geminia Anticipated Endowment Plan? Please call us on 0709551150 or request a call back by clicking HERE and our team will reach out to you. You can also use the calculator below to estimate the value of the policy you intend to take.
Anticipated Endowment types
The distinction here is made on the basis of the term, number of payouts and the timing of the payouts:
- 15 Year term- 3 Partial payments payable on the 5th, 10th and the 15th Year
- 20 Year term- 3 Partial payments payable on the 10th, 15th and the 20th Year
- 8-20 Year term- 5 Partial Payments commencing 5 years to Maturity
Calculate Your Premium
FAQs
What if I lose my job and am no longer able to pay premiums?
If the policy has been paid up to 36 months, it remains active for as long as the policy value is more than the premium due. If the policy has not been paid for at least 36 months, policy benefits will be suspended but you have the option to reinstate the policy once you are back in employment/ have a source of income, at any time during the tenure of the policy.
What happens if I die and my dependents are not able to continue with premium payment?
The policy pays the full sum assured plus accrued bonuses upon death of the life assured to the dependants therefore they do not need to continue with premium payment.
Can I increase/reduce my premiums?
Yes, within the first 3 years of the policy
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