© 2020 ILA, A Currimjee Company. All Rights Reserved.
Every dawning day offers a world of infinite opportunities to grow:
our set of long and short-term goals may it be financially, career-wise or from a more personal and introspective point of view.
Having understood the seamless interweaves between all the aspects of growth, ILA has developed tailor-made wealth accumulation plans that both preserve and grow your investment taking you closer to your next milestones of achievement.
The Savings plan is a comprehensive insurance policy offering you both protection and savings simultaneously, so that you have the peace of mind that you need.
Our flexible Savings Plan has been designed to cater for individual circumstances and can provide up to FOUR times the basic sum assured as cover that you and your family will need should you (or your spouse in case of a joint policy) become critically ill, totally and permanently disabled or lose your life.
Our Savings Plan is available in two versions
a) Without-Profits - (Savings Plan) means that you will receive the basic sum assured only.
b) With-Profits - (Savings Plus Plan) which means that your plan will attract bonuses (which is calculated on the basic sum assured) and is payable on the date of death or maturity.
It can be set up by a single person or a couple.
The minimum age at entry is 18 years and maximum is 65 years provided
age at maturity does not exceed 75 years.
A truly innovative and unique insurance plan which has been designed to pay up to FOUR times the basic sum assured, upon the happening of certain events. Being a ‘cash back’ plan, it guarantees to pay the basic sum assured in five-yearly instalments as illustrated below.
Our Cash Back Plan is available in two versions
a) Without-Profits - (Cash Back Plan) means that you will receive the basic sum assured in five-yearly instalments only.
b) With-Profits - (Cash Back Plus Plan) which means that your plan will attract bonuses (which is calculated on the basic sum assured) and payable together with the last instalment.
It can be set up by a single person or a couple. The minimum age at entry is 18 years and maximum is 65 years provided age at maturity does not exceed 75 years.
The term of the plan and the basic sum assured are determined at the outset either based on a loan amount or
according to the means of the person for financial planning purposes. In order to provide you with good cover plus
other benefits, we have set the minimum premiums as follows:
| Terms in years | 5 to 10 |
|---|---|
| Minimum monthly premium - Rs 2,000/- | |
| Terms in years | 11 to above |
| Minimum monthly premium - Rs 1,000/- |
The Benefits
In the event of your untimely death (or your spouse, in case of a joint policy), we have built into the Savings plan a guaranteed amount of death benefit which is equivalent to the basic sum assured.
You have the option to increase the death benefit up to FOUR times the basic sum assured.
In our with-profits version, bonuses (which is calculated on the basic sum assured) is paid in addition to the death benefit.
Conditions
| Minimum Age at Entry | 18 Years |
|---|---|
| Maximum Age at Maturity | 75 Years |
| Premium Modes | Annual, Semi-Annual, Quarterly, Monthly |
| Premium Discounts |
|
Other Supplementary Benefits
| Total & Permanent Disability (TPD) | The Total & Permanent Disability benefit will pay an amount equivalent to the death benefit in the event if you (or your spouse, in case of a joint policy) should become totally & permanently disabled as defined in the policy conditions and the policy ends. |
|---|---|
| Critical Illness (CI) | The Critical Illness cover will pay an amount equivalent to the death benefit in the event if you (or your spouse, in case of a joint policy) should be diagnosed with a range of specific illnesses as defined in the policy conditions and the policy ends. |
Extra Death Cover
To give you that extra amount of protection, you can increase the;
up to FOUR times the basic sum assured by opting for one of the following versions of our Savings Plan.
| DEATH COVER |
SAVINGS PLUS PLAN (With Profits) (i.e. payable with Bonuses accrued on the |
SAVINGS PLAN (Without Profits) |
|---|---|---|
| 1 X Sum Assured | Single Savings Plus Plan | Single Savings Plan |
| 2 X Sum Assured | Duo Savings Plus Plan | Duo Savings Plan |
| 3 X Sum Assured | Trio Savings Plus Plan | Trio Savings Plan |
| 4 X Sum Assured |
Quad Savings Plus Plan |
Quad Savings Plan |
| Download Brochure Get a quote |
The term of the plan and the basic sum assured are determined at the outset either based on a loan amount or according to the means of the person for financial planning purposes. The plan is subject to a minimum premium per month which is illustrated below;
| Terms |
10 years |
15 years | 20 years | 25 years |
|---|---|---|---|---|
| Minimum monthly premium | Rs 1,000/- | Rs 1,250/- | Rs 1,500/- | Rs 1,750/- |
The Benefits
In the event of your untimely death (or your spouse if a joint policy), we have built into the Cash Back plan a guaranteed amount of death benefit which is equivalent to TWO times the basic sum assured.
You have the option to increase the death benefit up to FOUR times the basic sum assured.
In our with-profits version, bonuses (which is calculated on the basic sum assured) is paid in addition to the death benefit.
Conditions
| Minimum Age at Entry | 18 Years |
|---|---|
| Maximum Age at Maturity | 75 Years |
| Premium Modes | Annual, Semi-Annual, Quarterly, Monthly |
| Premium Discounts |
|
Other Supplementary Benefits
| Total & Permanent Disability (TPD) | The Total & Permanent Disability benefit will pay an amount equivalent to the death benefit in the event if you (or your spouse, in case of a joint policy) should become totally & permanently disabled as defined in the policy conditions and the policy ends. |
|---|---|
| Critical Illness (CI) | The Critical Illness cover will pay an amount equivalent to the death benefit in the event if you (or your spouse, in case of a joint policy) should be diagnosed with a range of specific illnesses as defined in the policy conditions and the policy ends. |
Extra Death Cover
To give you that extra amount of protection, you can increase the;
up to FOUR times the basic sum assured by opting for one of the following versions of our Cash Back Plan.
| DEATH COVER |
CASH BACK PLUS PLAN (With Profits) (i.e. payable with Bonuses accrued on the |
CASH BACK PLAN (Without Profits) |
|---|---|---|
| *2 X Sum Assured | Duo Cash Back Plus Plan | Duo Cash Back Plan |
| 3 X Sum Assured | Trio Cash Back Plus Plan | Trio Cash Back Plan |
| 4 X Sum Assured |
Quad Cash Back Plus Plan |
Quad Cash Back Plan |
* Please note the plan has a double sum assured built in as death benefit.
| Download Brochure Get a quote |
© 2020 ILA, A Currimjee Company. All Rights Reserved.
