The 5 Payments Policy is a life insurance policy that provides benefits at regular intervals. You receive 10% of the Sum Assured after 1/5th of the policy term and 15% after 2/5th, 3/5th, and 4/5th intervals. At the policy's end, 45% Sum Assured plus bonuses are paid. If the Life Assured passes away during the policy term, the full Sum Assured plus bonuses are paid, regardless of previous survival benefits.
Why choose the 5 Payments Policy from Jubilee Life Insurance?
- The plan is suitable for people who have long-term financial goals such as house purchase but also anticipate requirement of funds relatively earlier. It helps fulfil those needs without needing to terminate the policy.
- The full Sum Assured plus bonuses are paid in the event of death regardless of the previous benefit payouts.
Key Benefits
Flexible policy terms of 15, 20 or 25 years depending on your financial plan.
Premiums determined at the onset and remain fixed throughout the term of the policy.
Benefits and bonuses are payable based on the sum assured and policy term chosen by the policy holder.
FAQs
The policy will acquire cash and paid-up value after the payment of at least three full years’ premiums and after it has been in force for at least 3 years.
The minimum sum assured is KES 200,000. There is no maximum sum assured.
The minimum age at entry is 18 years while the maximum age at entry is 58 years. The maximum premium ceasing age will however be 70 years.
