My Life Insurance - Endowment Plans – With Profit

Our Endowment policies combine savings and robust financial protection to dependents in the event of the insured’s death during the terms of the policy.

Here's what you can expect


  • The policy is effected for a fixed term and sum assured which are determined at the outset according to the client’s needs and means


  •  Policy can be contracted as Single life or Joint lives


  • At maturity the Sum Assured PLUS Bonus Accrued is payable.


  • Three versions of the plan are available, namely
    • Endowment with Profits
    • Special Endowment with Profits
    • Triple Endowment with Profits

The difference between the three plans resides in the Sum Assured payable in case of a claim before the maturity date.



Bonus rates awarded are heavily reliant on the interest rate environment, as well as other experience factors.  The bonus rates are not guaranteed but are merely used to illustrate the impact of different bonus rates on the projected maturity value.  The actual bonus rate awarded will depend on the investment return earned on the assets and other items of experience such as claims and expenses relative to expectations.


In the past SICOM has granted bonus rates ranging from 3% to 5.5% - depending on investment performance, the interest rate environment and other items of experience.


(Terms and conditions apply)

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This product is offered by
State Insurance Company Of Mauritius Ltd
BRN: C07007065
FSC License No.: IS10000020

Useful info

  • Benefits

Death Benefits


Endowment with Profits Full Sum Assured is payable upon death
Special Endowment with Profits Twice sum assured is payable upon death
Triple Endowment with Profits Thrice sum assured is payable upon death (ideal to cover mortgage loans in view of high sum at risk)

 Under all 3 versions, Bonus accrued is also paid in case of death before the maturity date.



Optional Supplementary Benefits


Total & Permanent Disability In the event of Total & Permanent Disability before maturity date the amount payable in case of death becomes payable together with Bonus accrued on the Sum Assured
Health Care Cover* The amount payable in case of death becomes payable together with Bonus accrued on Sum Assured, in the event of diagnosis of any one specific illness as defined in our Health Care Cover before maturity


*Health Care Cover


  • Heart Attack
  • Coronary Artery Bypass Graft (CABG)
  • Stroke
  • Cancer
  • Kidney Failure
  • Major Organ Transplant
  • Paraplegia, Quadriplegia, Diplegia, Hemiplegia and Tetraplegia
  • Blindness
  • Major Burns
  • Cardiac Valve Surgery
  • Pulmonary Artery Hypertension
  • Coma
  • Brain Damage



Special Cover for Angioplasty with varying terms of payment. (Please contact us for more details)

(Terms & Conditions Apply)

  • Eligibility

Age at entry between 18 and 60 subject to underwriting

  • Required documents

  • National Identity Card
  • Recent Utility Bill (Less than 3 months old)
  • Birth certificate
  • Marriage Certificate (if applicable)
  • Bank details for payment of premium