Secure your child’s future today

Saver plan is an insurance product that allows you to save for the future education of your children or any other investment need while at the same time safeguarding against financial distress that might be caused by unforeseen events such as critical illness,physical incapacity and loss of life.

Saver plan is available to all people within the age group of 18 to 65 years and will provide life insurance cover up to the age of 85 years, secured through payment of regular premiums.

You can choose to have a policy with a term between 9 and16 years with Maximum Sum assured of UGX 950 million and a minimum monthly contribition of UGX 250,000

Maturity Benefit: The policy pays out a maturity benefit of 200% payable in 4 annual installments starting with the fourth year before maturity.In the final year of maturity an additional 100% of the sum assured is also paid.

Death Benefit: in case of death, we pay your beneficiaries 100% of the sum assured in case of non-accidental death and in case of an accident leading to death we pay to your beneficiaries 200% of the sum assured and waive all future premiums up to maturity

Critical Illness Benefit: in the unfortunate case of a member getting diagnosed of cancer, stroke, heart attack, kidney failure, we pay up to 50% of the sum assured and waive all the future premiums up to maturity

Disability Benefit: in the event of disability arising from an accident leading to loss of two limbs or both eyes, we pay up to 100% of the sum assured and in case the disability is permanent and partial we pay the percentage of the sum assured in line with the degree of disability declared by a medical specialist; and thereafter waive all the future premium until maturity.

In case your priorities have changed and for some reason you do not wish to continue with the policy, you can do so by;

Surrendering your policy and encashing your savings up to the surrender value which is acquired after the policy has received at least 12 months’ worth of premium. The insurance company provides a minimum surrender benefit.

or

Request the insurance company to change the status of your policy and adjust your risk cover for death, disability and critical illness at no additional premium in future in which case the policy status will be changed to the paid up status; this option is available only if the policy has received premium for at least 36 months