SICOM

Endownment

Life Insurance - Endowment Plan

We have the right Life Insurance solution that goes the extra mile to meet your needs.

About this product

SICOM Endowment Plan combines savings and robust financial protection to dependants in the event of the insured’s death during the terms of the policy.

Highlighted features
  • Maturity Benefits

    Sum Assured plus Bonus at Maturity

  • Mortgage Protection

    1 or 2 or 3 times Sum Assured which can be used to secure loans

  • Optional Supplementary Covers

    Total & Permanent Disability, Health Care Cover & Maternity/Surgical Covers

Product Features

Choose SICOM Endowment Plan & benefit from:

  • Type

    Single or Joint

  • Term

    Choose between 5 to 30 years

  • Maturity Benefits

    Bonus on the Full Sum Assured at Maturity

  • Death Benefits

    1, 2 or 3 times Sum Assured plus accrued bonus in case of death

  • Total & Permanent Disability (Optional)

    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 (Optional)

    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

( Terms and conditions apply)*

Useful Information

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:

  • 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

PLUS

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

 

Maternity Cover

  • It covers Caesarean as well as Normal Delivery
  • Possibility of claiming from multiple policies
  • Limit per policy: 10 % of Sum Assured
  • Premium for the Maternity Cover ceases after claim is admitted
  • Cover ceases at age 65 years

 

Surgical Cover

  • Possibility of claiming from multiple policies
  • Limit per policy: 10 % of Sum Assured
  • Premium for the Surgical Cover ceases after claim is admitted
  • Cover ceases at age 65 years

  

Age at entry + term should not exceed 70 years

  • National Identity Card
  • Recent Utility Bill (not more than 3 months old)
  • Birth certificate
  • Marriage Certificate (as applicable)
  • Bank details for payment of premium
  • Payment of First Month Deposit

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.

Highlighted features
  • Maturity Benefits

    Sum Assured plus Bonus at Maturity

  • Mortgage Protection

    1 or 2 or 3 times Sum Assured which can be used to secure loans

  • Optional Supplementary Covers

    Total & Permanent Disability, Health Care Cover & Maternity/Surgical Covers

Request more information

Please verify the captcha

Submit

This product is offered by: State Insurance Company Of Mauritius Ltd

BRN:C07007065

FSC License No: IS10000020