African Alliance Insurance Co PLC

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Masterplan Policy

This is an investment plan that guarantees the extra security of life insurance cover. The policy is designed to afford the policyholder the benefit of receiving part of the Sum Assured by instalments before the maturity date. Should death occur within  the duration of the policy, the full Sum Assured would be paid without deducting the instalments earlier paid to the policyholder.

FEATURES 

  • Guaranteed periodic payments during the period of investment.

  • Guaranteed death cover of full Sum Assured should death occur before the maturity date of the policy.

  • Option of an additional benefit in the event of death by accident.

  • Option of a waiver of premium payment in the event of disability due to ill-health or accident.

  • Option of a loan on policy after two years.
  •  Tax relief on premium.
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