The Benefits:

Keeping in mind the numerous types of loans available, we have designed an extremely flexible plan that can help repay those loans. The plan is available with four interest rate options so that you may choose a rate close to actual loan interest rate. Interest rate options available are 5%, 10%, 15% and 20% per annum. Based on the principal loan amount chosen and the interest rate option selected, each year the capital sum payable at death will decrease. This feature takes into account the fact that the actual loan capital outstanding also reduces with the term. The payment schedule under this plan will be fixed at inception and will not change during the term of the plan. In order to facilitate you, the coverage term exceeds the premium payment term under these policies. You may choose either a single premium version under which only one contribution is required at the time of commencement of the Plan. Whereas, cover is provided for the full term of the Plan. For the regular premium version one of the following options may be selected:
Coverage Term Premium Payment Term 10 6 12 8 15 10 18 11 20 12 25 16