Plans

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, a percentage of the basic sum assured is payable every 5 years.

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.

Policy Term and Premium

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.

Based on the modality of payment of the premiums, a discount is available as per table below:

Premiums are payable during the full term of the selected period and it is based on the age(s), selected term and the basic sum assured at inception.

The Benefits

In the event of your untimely death (or your spouse if a joint policy), we have built into the Cash Back plan an 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.

Other Supplementary Benefits

Extra Death Cover

To give you that extra amount of protection, you can increase the;

• Death cover
• Total & Permanent Disability cover
• Critical Illness cover

to up to FOUR times the basic sum assured by opting for one of the following versions of our Cash Back Plan.

* Please note the plan has a double sum assured built in as death benefit.

Example of Benefits

In the event of the untimely death before the maturity date, under a Quad Cash Back Plan FOUR times the basic sum assured becomes payable and the policy ends. Similarly, if TPD and/or CI has been opted for FOUR times the basic sum assured becomes payable and the policy ends

The FOUR times life cover can come in very useful if you are taking any kind of loan. See example below:-

Scenario: Loan amount Rs 1,000,000/-, Term 20 years, Collateral Security = Quad Cash Back Plus Plan (i.e. With Profits)

• Basic sum assured – Rs 250,000/- (with Death, Total disability & Critical illnesses benefits).
• Level of Cover in case of Death, TPD, or CI – Rs 1,000,000
• Loan of Rs 1,000,000/- will be fully covered during the whole 20-year period.
• During the repayment of the loan, you will cash back specific percentage of the Basic Sum Assured (as described in the table above) every five years
• The amount/s cashed back can be used either to accelerate the repayment of your loan or for your own personal use
• Your loan remains covered for Rs 1,000,000 even after you cash back the instalments of your Basic Sum Assured
• End of loan and term of your policy, last instalment plus bonuses calculated on the basic sum assured of Rs 250,000 is paid.

Our Cash Back plan offers you peace of mind and financial planning all in one policy.

2. Island Savings Plan

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 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.

Policy Term and Premium

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:

Based on the modality of payment of the premiums, a discount is available as per table below:

Premiums are payable during the full term of the selected period and it is based on the age(s), selected term and the basic sum assured at inception and may be reviewed.

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.

Other Supplementary Benefits

Extra Death Cover

To give you that extra amount of protection, you can increase the;

• Death cover
• Total & Permanent Disability cover
• Critical Illness cover

to up to FOUR times the basic sum assured by opting for one of the following versions of our Savings Plan.

Example of Benefits

In the event of the untimely death before the maturity date, under a Quad Savings Plan FOUR times the basic sum assured becomes payable and the policy ends. Similarly, if TPD and/or CI has been opted for FOUR times the basic sum assured becomes payable and the policy ends.

The FOUR times life cover can come in very useful if you are taking any kind of loan. See example below:-

Scenario : Loan amount Rs 1,000,000/-, Term 20 years, Collateral Security = Quad Savings Plus Plan (i.e. With Profits)

• Basic sum assured – Rs 250,000/- (with Death, Total disability & Critical illnesses benefits).
• Level of Cover in case of Death, TPD, or CI – Rs 1,000,000
• Loan of Rs 1,000,000/- will be fully covered during the whole 20-year period.
• End of loan and term of your policy, Sum Assured of Rs 250,000 plus bonuses calculated on the basic sum assured of Rs 250,000 is paid.

Our Savings plan offers you protection and savings all in one policy.

3. Island Flexible Savings Plan

The Island Flexible Savings Plan is an investment linked plan designed to encourage individuals to save for their future. This plan provides a surrender benefit, a maturity benefit and a death benefit.

The Practice

The Flexible Savings Plan can be set up by a single life or joint lives. The minimum age at entry is 18 years and maximum is 60 years provided age at maturity does not exceed 65 years.

This is an investment savings product that has both single premium and regular premium contributions. The net amount of the premium will be invested and the Company will declare investment return on the investment which will accumulate. The value of the policy at any time will be referred to as the Personal Private Account, PPA.

Policy Term and Premium

The term of the plan are determined at the outset and the plan is subject to a minimum premium which is illustrated below.

Premiums are payable during the full term of the selected period and it is based on the age(s), selected term and the sum assured at inception and may be reviewed

Personal Private Account

The PPA will be the accumulation of:

• The investment premiums paid; less;
• The management charges*; less;
• Benefit paid out or amount partially withdrawn, if any; plus;
• Declared investment return

*These are stated in the policy document

The Benefits

Upon Death before the maturity date:
a) Under the single premium option: A death benefit of Rs 100,000 plus PPA as at date of death becomes payable
b) Under the regular premium option:
1) If death occurs within the first 2 years, a death benefit of Rs 100,000 is payable;
2) Thereafter, the sum assured plus PPA as at date of death is payable

Upon survival up to the maturity date, the PPA becomes payable

Cash Withdrawal

For policies with term exceeding 15 years, the Company will offer the option for policyholders to have a partial cash withdrawal once the policy has been in force for at least 10 years. This option will be available once every 5 years and the partial withdrawal will be limited to 15% of the PPA.

Flexible Maturity Date

The default maturity date is set at age 65. However, the policyholder can opt for an earlier maturity date provided the policy has been in force and premiums have been paid for at least 10 years. The full PPA will be paid if the policyholder decides to discontinue the policy as from the 10th policy anniversary.

Other Optional Supplementary Benefits

• Below is an illustration of the maturity benefits based on the above scenario:

*The above projection does not represent the minimum nor maximum values.
The final amount payable will depend on the actual investment return earned throughout the policy term.

• Upon death of life assured after 2 years from commencement date, total sum assured payable will amount to Rs 300,000 plus PPA as at date of death will be paid.
• In the event of a TPD claim, a sum assured of Rs 200,000 plus PPA as at the claim date will become payable.

Our Flexible plan offers you an opportunity to benefit from the market returns and financial planning all in one policy.
It also allows you the flexibility of date in which you wish to cash the benefit.

4. Island Prime Plan

The Island Prime Plan is a Single Premium investment linked plan which has been carefully designed for you to invest your funds with the potential of earning good returns on your investments.

It can be set up by a single person or a couple. The minimum age at entry are is 18 years and maximum is 65 years provided age at maturity does not exceed 75 years.

A single premium will be payable at the start of the policy. The net amount of the premium will be invested, and the Company will declare investment return on the investment which will accumulate. The value of the policy at any time will be referred to as Policy Value.

Policy Value

The Policy Value will be the accumulation of: The premium; less; The management charges*; plus; Declared investment return*
* These are stated in the policy document

Sum Assured

The minimum Sum Assured is 105% of the Single Premium Amount. You have the option to increase, at inception, the Sum Assured to any of the percentages mentioned in the table below.

The Benefits

The death benefit is the appropriate Sum Assured selected at inception or the Policy Value whichever is the higher.
The maturity benefit will be the Policy Value

Illustration of Death & Maturity Benefits

*Note – The above projection does not represent the minimum or maximum values. The final amount payable will depend on the actual investment return earned

5. Island Fidelity Plan

The Island Fidelity Plan is a Single Premium investment linked plan designed to encourage existing policyholders to re-invest their survival or maturity benefits back into the company in a well-structured plan associated with good investments.

It can be set up by a single person or a couple. The minimum age at entry are is 18 years and maximum is 65 years provided age at maturity does not exceed 75 years.

A single premium will be payable at the start of the policy. The net amount of the premium will be invested, and the Company will declare investment return on the investment which will accumulate. The value of the policy at any time will be referred to as Policy Value.

Policy Value

The Policy Value will be the accumulation of: The premium; plus; The loyalty bonus (once off on single premium); less; The management charges*; plus; Declared investment return*
(* These are stated in the policy document)

Loyalty Bonus

In order to encourage our existing clients to re-invest their survival or maturity benefits with us, we offer a loyalty bonus as follows:

(a) Fidelity Plan – A loyalty bonus amounting to 0.75% of the Single Premium is offered If the existing client decides to reinvest his survival or maturity benefits
(b) Fidelity Plus Plan – A loyalty bonus amounting to 1.50% of the Single Premium is offered If the existing client decides to reinvest his survival or maturity benefits PLUS take a regular premium policy

The Loyalty Bonus is added to the Sum Assured as shown below

Sum Assured

The Sum Assured based on the term of the policy is calculated as follows:

The Benefits

The death or maturity benefit is the Sum Assured or the Policy Value whichever is the greater.

Illustration of Death & Maturity Benefits

* Note – The above projection does not represent the minimum or maximum values. The final amount payable will depend on the actual investment return earned

This is an excellent vehicle for existing clients to re-invest their maturity or survival benefits.

Island Loan Cover Plan

Policy Term and Premium

The term of the plan and the sum assured are determined at the outset based on decreasing of cover that the person requires for financial planning purposes. Based on the modality of payment, of the premiums, a discount is available as per table below.

Premiums are payable during the full term of the selected period and it is based on the age(s), selected term and the sum assured at inception. Alternatively, a single premium can be paid to cover the whole term.

The Benefits

In the event of your untimely death (or your spouse, in case of a joint policy) occurring WITHIN THE POLICY TERM, the Loan Cover Plan will pay the sum at risk applicable at the date of death and the policy will expire. Similarly, if TPD and/or CI has been opted for the sum at risk applicable at the time of the event is paid and the policy will expire.

It is to be noted that if death or none of the events, mentioned below, do not occur during the term of the policy, nothing is paid at the end and the policy expires.

Other Supplementary Benefits

Refund of Premiums Rider Version

For an added premium, you may opt for our Island Loan Cover Refund Plan where a proportion of your basic premiums, as set out below, will be refunded to you, without interest, at the end of the policy term provided that there is no claim on the policy.

Our Island Loan Cover Plans offers you protection and peace of mind.

Island Protect Plan

Policy Term and Premium

The term of the plan and the sum assured are determined at the outset based on level of cover that the person requires for financial planning purposes. Based on the modality of payment, of the premiums, a discount is available per table below.

Premiums are payable during the full term of the selected period and it is based on the age(s), selected term and the sum assured at inception.

The Benefits

In the event of your untimely death (or your spouse, in case of a joint policy) WITHIN THE POLICY TERM, the sum assured of the Protect Plan becomes payable and the policy ends. Similarly, if TPD and/or CI has been opted for the sum assured is paid and the policy will expire.

It is to be noted that if death or none of the events, mentioned below, do not occur during the term of the policy, nothing is paid at the end and the policy expires.

Other Supplementary Benefits

Refund of Premiums Rider Version

For an added premium, you may opt for our Island Protect Refund Plan where a proportion of your basic premiums, as set out below, will be refunded to you, without interest, at the end of the policy term provided that there is no claim on the policy.

Our Island Protect Plans offers you protection and peace of mind.

Island Educational Plan

Our Educational Plan has been designed to offer you with a protection so that you have peace of mind when planning your children’s academic requirements. The main purpose of this product is to cater for a basic sum assured should you become totally and permanently disabled or lose your life. Our Educational Plan is available in two versions:

a) Without-Profits – (Educational Plan) means that you will receive the basic sum assured payable at maturity

b) With-Profits – (Educational Plus Plan) which means that your plan will attract bonuses (which is calculated on the basic sum assured) and 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.

Policy Term And Premium

The term of the plan and the basic sum assured are determined at the outset 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.

Based on the modality of payment of the premiums, a discount is available as per table below:

Premiums are payable during the full term of the selected period and it is based on the age(s), selected term and the basic sum assured at inception and may be reviewed

The Benefits

In the event of your untimely death (or your spouse if a joint policy), we have built into the Educational plan a death benefit which is equivalent to the basic sum assured.

On survival up to the maturity date, the Basic Sum Assured becomes payable

In our with-profits version, bonuses (which are calculated on the basic sum assured) are paid in addition to the death benefit.

In the event of the child’s death:
a) A full Sum Assured will be paid if the child is older than 12 years;
b) A refund of premium will be paid if the child is 12 years old or younger

No bonus will be paid on the death of the child in our with-profits version.

Other Supplementary Benefits

Or, In the event of the untimely death or TPD of the parent before the maturity date

a. The basic sum assured of Rs 1,000,000 becomes payable
b. All future premiums will be waived
c. A Monthly Income benefit of Rs 2,500 will be paid to the child till maturity date, and
d. On survival of the child up to the Maturity date, the Basic Sum Assured together with any accrued bonus becomes payable to the child

In the event of the untimely death of the child occurring:

i. before the maturity date and BEFORE the child’s 12th Birthday – All premiums paid will be refunded to the parent and the policy ends
ii. before the maturity date but AFTER the child’s 12th Birthday – The full Basic Sum Assured, i.e. Rs 1,000,000 becomes payable to the parent and the policy ends.

Our Educational plan offers you peace of mind and financial planning all in one policy.

Island Retirement Savings Plan

The Practice

The Retirement Savings Plan can be set up by a single life only. The minimum age at entry is 18 years and maximum is 60 years provided age at maturity does not exceed 65 years. This is an investment savings product that has single, regular or a combination of both contributions. The net amount of the premium will be invested and the Company will declare return on the investment which will accumulate. The value of the policy at any time will be referred to as the Personal Private Account, PPA.

Policy Term and Premium

The term of the plan are determined at the outset and the plan is subject to a minimum premium which is illustrated below.

Premiums are payable during the full term of the selected period and it is based on the age(s), selected term and the sum assured at inception and may be reviewed

Personal Private Account (PPA)

The PPA will be the accumulation of:

• The investment premiums paid; less;
• The management charges*; plus;
• Declared investment return

*These are stated in the policy document

The Benefits

• Upon Death before the retirement date, the PPA as at date of death becomes payable.
• Upon survival up to the retirement date, the PPA is converted into either of the following:
  1) A full monthly pension; or
  2) A lump sum (25% of the PPA) and a reduced monthly pension.

An Open Market Option will be available at retirement and policyholders may choose the option that gives them optimal pension benefits, whereby 25% of the PPA will be paid in form of a lump sum at retirement date and 75% of the PPA will be bought out in form of an immediate annuity plan with a service provider licensed and authorised by the FSC.

Other Supplementary Benefits

Below is an illustration of the retirement benefits based on the above scenario:

*The above projection does not represent the minimum nor maximum values.
The final amount payable will depend on the actual investment return earned throughout the policy term.
**The annuity rates applicable to compute the pension will be determined at the point of inception of the pension and are not guaranteed upfront.

• Upon death of life assured before retirement date, a sum assured of Rs 200,000 plus PPA as at date of death is payable.
• In the event of a TPD claim before retirement date, a sum assured of Rs 200,000 shall be paid and all future premiums shall be waived.

Our Retirement Savings plan offers you an opportunity to benefit from the market returns while saving for your retirement.

Spouse Retirement Savings Plan

The Practice

The Spouse Retirement Savings Plan can be set up by a single life only. The policyholder will be both the proposer and the premium payer who is not the spouse. The life assured and the person to benefit from the retirement benefits will be the spouse.

The minimum age at entry is 18 years and maximum is 60 years provided age at maturity does not exceed 65 years. The term of the policy will be based on the Spouse’s retiring age.

This is an investment savings product that has single, regular or a combination of both contributions. The net amount of the premium will be invested and the Company will declare return on the investment which will accumulate. The value of the policy at any time will be referred to as the Personal Private Account, PPA.

Policy Term and Premium

The term of the plan are determined at the outset and the plan is subject to a minimum premium which is illustrated below.

Premiums are payable during the full term of the selected period and it is based on the age(s), selected term and the sum assured at inception and may be reviewed.

Personal Private Account (PPA)

The PPA will be the accumulation of:

• The investment premiums paid; less;
• The management charges*; less;
• Benefits paid out, if any; plus;
• Declared investment return

*These are stated in the policy document

The Benefits

• Upon Death of the proposer before the retirement date, a waiver of premium shall apply and the spouse may opt for his/her pension benefits once he/she reaches retirement age.
• Upon Death of the spouse, the PPA as at date of death becomes payable.
• Upon spouse’s survival up to the retirement date, the PPA is converted into either of the following:
  1) A full monthly pension; or
  2) A lump sum (25% of the PPA) and a reduced monthly pension.

An Open Market Option  will be available at retirement and spouses may choose the option that gives them optimal pension benefits, whereby 25% of the PPA will be paid in form of a lump sum at retirement date and 75% of the PPA will be bought out in form of an immediate annuity plan with a service provider licensed and authorised by the FSC.

Other Supplementary Benefits

Below is an illustration of the retirement benefits based on the above scenario:

*The above projection does not represent the minimum nor maximum values.
The final amount payable will depend on the actual investment return earned throughout the policy term.
**The annuity rates applicable to compute the pension will be determined at the point of inception of the pension and are not guaranteed upfront.

• Upon death of proposer before retirement date, a sum assured of Rs 200,000 is payable and all future premiums shall be waived.
• In the event of a TPD claim of the proposer before retirement date, a sum assured of Rs 200,000 shall be paid and all future premiums shall be waived.

Our Spouse Retirement Savings plan offers you an opportunity to secure your spouse’s pension benefits

ILA Takaful Investment Plan

1. Objective of the plan

The ILA TAKAFUL INVESTMENT PLAN IS a Single contribution investment linked plan for an initial duration of 4 years which has been carefully designed for you to invest your funds in a Shariah Compliant Investment fund with the potential of earning good returns on your investments.

2. Features / Description

This plan can be set up by a single person or institutions such as Waqfs through its “Mutawalli” i.e. the appointed manager of Waqfs.

The minimum age at entry is 18 years provided age at maturity does not exceed 90 years.

A single contribution plus the applicable regulatory fee will be payable at the start of the policy. Charges shall be deducted from the single contribution and the net amount of the contribution will be invested in properties, and ILA (acting as the Takaful Operator) will declare investment return on the investment which will be paid on a yearly basis. The value of the policy at any time will be referred to as Policy Value.

The minimum single contribution under this plan is Rs 100,000 plus the applicable regulatory fee. Other fees and Charges are further described in section 4.

3. Policy Value

The Policy Value will be the Participant Investment Fund (PIF) as further described in the next section.

4. Mechanism of the fund

4.1. Mode of operation

A single contribution plus the applicable regulatory fee will be payable at the start of the policy also referred to as Date of Commencement. An upfront Wakalah charge, expressed as a percentage of the Single Contribution, will then be deducted from the single contribution received to cover for management expenses such as administration, commissions, management and policy fees.

The regulatory fee and Wakalah charge are provided in the specimen policy document and can be obtained upon request.

A one-off Life Tabarru charge will then be determined and deducted from the single contribution made. The tabarru is dependent on age, occupation, health status and gender. This Tabarru charge will flow directly to the Tabarru Fund and will be used to provide mutual financial benefits to all eligible participants in case of the event of death as further described in Sections 4.5 and 4.6 below.

4.2. Participant Investment Fund

After the above-mentioned deductions have been made, the remaining amount of the single contribution, also referred to as net single contribution, will flow to the Participant Investment Fund (PIF). The PIF is a collective investment pool established by the Takaful Operator in accordance with Shariah Principles and applicable regulatory requirements.

Under this specific scheme, ILA, who will act as Mudarib (Manager), shall invest the net single contribution made by the participants in properties owned by ILA. The related rental income from these properties, net of expenses, shall be further distributed to the participants and Mudarib of the PIF annually.

4.3. Properties and fund size

Two properties currently valued at Rs 153.2M and owned by ILA shall constitute this fund. These are currently rented to commercial operators, whose activities are in accordance with Shariah Principles.

Details of the two properties shall be stated in the schedule of the Policy document, a specimen copy of which can be obtained upon request.

Full description including pictures and exact location of the underlying properties and nature of activity of the tenants can also be obtained upon request.

4.4. Participant’s Notional Share

Each participant will be granted a proportionate notional share of the property being the net single contribution flowing to the PIF expressed as a percentage of the value of the property as the date of commencement of the plan. The formula used to compute the Participant’s notional share shall be as follows:

4.5. Property valuation and distribution of capital gains

The properties shall also be subject to a valuation on a yearly basis. Any related capital gain shall be distributed between the Mudarib and Participant and be reflected on the participant’s fund value and distributed when the contract is dissolved.

Such valuations shall be undertaken by a duly appointed and qualified independent chartered valuer or valuation firm. The valuation will be prepared in accordance with the Royal Institution of Chartered Surveyors (RICS) Valuation – Global Standards, 2022, (Red Book) which adopts and applies the International Valuation Standards (IVS) published by the International Valuation Standards Council (IVSC). The current appointed valuer is Elevante Property Services, a regional leader in valuation, advisory and corporate real estate services.

The respective share of distribution of any Capital gains shall be stated in the policy document a specimen copy of which can be obtained upon request.

4.6. Tabarru Fund

Contributions are made by participants specifically to provide coverage on a co-operative basis (Mutual Financial Benefit). This fund will be used to provide cover for death benefits of the participants. The Takaful Operator will, for a one off Tabarru Charge described under 4.1, be operating the Tabarru Fund on behalf of the Participants in terms of all insurance transactions including the signing of policies, payment of claims and other related activities.

4.6.1. Surplus from the Tabarru Fund

All participants will be entitled to receive 90% of any distributable surplus arising from the Tabarru charge as defined in the Schedule. The balance of 10% of the distributable surplus will be retained as performance fee for the management of the Tabarru Fund. The distributable surplus will be calculated by the Takaful Operator and transferred to the Participant’s PIF. The exact amount of distributable Surplus will be determined triennially by the Statutory Actuary and is subject to approval by the Shariah Expert.

4.6.2. Sum Assured

The Sum Assured is the fixed amount payable from the Tabarru Fund on death of the Participant before the maturity date. It is based on the Age at entry is as follows:

4.6.1. Death Benefit

The death benefit is the Sum Assured applicable at date of entry PLUS the Policy Value as at date of death.

5. Shariah Certification by Shariah Expert

ILA TAKAFUL INVESTMENT PLAN is duly certified as Shariah compliant by Dr Ahmed MOHAMMED MOKHTAR, who holds a bachelor, master and phd degrees in the field of Shari’ah and Islamic Banking Finance.

The original certification can be viewed at the Head Office of ILA and a copy thereof can be obtained on request prior to subscribing to the
ILA TAKAFUL INVESTMENT PLAN.

6. Estimate of annual income and maturity benefits

7. Performance

8. Disclaimer

This document is for information purposes only and does not constitute an offer to buy or sell or to conduct any investment activity.

In making investment decisions, participants should not rely solely on this publication and should seek independent professional advice.

The Estimated Net Annual Returns and Estimated Policy Values do not represent the minimum or maximum values. The annual return payable will depend on the actual rental return earned during the year. The Policy Value may go up as well as down as it is subject to variation depending on the value of the property at time of maturity pay-out. At maturity, participants will receive a share of any unrealised capital gains and any capital losses on the property valuation shall be fully attributable to the Participant’s Investment Fund.

Participants may get back less than the net single contribution made in case of capital loss at time of pay-out.