Endowment Insurance with Bonus (G5S)
Endowment Insurance with bonus (G5S)
This tariff is ideal for those who want to gain maximum profits from regular annual payments.
Insurance premiums are to be paid once per year.
The sum to be paid on survival together with the accumulated bonus becomes payable at the expiry of the contract, while the insured person is alive. This insurance payment can be transferred to a bank account or you may choose to receive your accumulated capital as a pension under the Pension Benefit (PS0) from Medlife.
If the insured person dies before the term of the contract expires, the death benefit to be paid will amount to as many fractions of the capital sum as years of insurance have expired (including the one in which the event occurred) in relation to the agreed-upon premium payment period.
For examples see EIP.