Offshore Gold With Life Cover

The Offshore Gold with Life cover offers high net worth individuals an opportunity to enjoy Universal Life Cover at very competitive rates together with a range of complementary ancillary benefits. The investment portion of the premium is invested in an offshore portfolio.

Premiums and benefits are payable in Pula. The minimum premium is P300, 00.

Minimum premium: P 300, and there is no policy fee. Premium updates are available. The owner may elect at the outset of the contract, to increase premiums automatically, on each anniversary, by 5% or 10%. The premium increase is compound. The premium is then used to increase the investment, or to increase the life cover, or to increase both.

Note: the sum assured can only be increased by up to 60% of the total premium percentage increase. The increase in cover is simple interest, i.e., the cover will increase annually, by the elected percentage, and that percentage increase will be on the original cover amount, and not on the previous years cover.)

• Minimum age at entry is 36 next birthday.
• Maximum age at entry is 70.
• Minimum Policy Term is 5 years.
• Minimum monthly family income of P 12,000.

Compulsory HIV testing is required at inception. If HIV test is positive, or client does not comply with the request for an HIV test, then life cover will be reduced to 10% of initial cover.

Ancillary Benefits

The following Ancillary benefits can be added to the Gold product:

Note: The level of cover provided by any ancillary benefit my not exceed the level of cover provided by the Basic Death Benefit.

• Waiver of premium
• Occupational Disability benefit (Own and/or Similar Occupation)
  There is a waiting period of 6 months for the own or similar occupation benefit. There is also a maximum cover of P 1,000,000.
• Hospital Cash Plan
• Family Funeral Benefit
• Dread Disease
  this is limited to a maximum of P 600,000, and not exceeding the sum assured on the basic benefit.