+255 272 750149 OR info@bumacolife.co.tz

Anticipated Endowment

Anticipated Endowment Assurance without Profits

This type of policy has term ranging from 9 – 25 years, the period during which the policy will pay benefits as follows:

image

Term 9 years:

  • Upon policy holder surviving the first 3 years, 20% of the sum assured is paid
  • Upon policy holder surviving the second 3 years, 20% of the sum assured is paid
  • Upon policy holder surviving the third 3 years, 60% of the sum assured without reversionary bonuses, is paid
  • But, If the policyholder dies within the policy term whether the first instalment or the second instalment of 20% of the policy sum assured, the policy pays full sum assured without additional of reversionary bonuses
  • This policy also participates in double accident benefits that in case the assured cause of death is accident, 2 times of the sum assured without accrued bonuses is paid

Term 15 years:

  • Upon policy holder surviving the first five (5) years, 20% of the sum assured is paid
  • Upon policy holder surviving ten (10) years, 20% of the sum assured is paid
  • Upon policy holder surviving fifteen (15) years, 60% of the sum assured without accrued reversionary bonuses, is paid
  • But, If the policyholder dies within the policy term whether the first instalment or the second instalment of 20% of the policy sum assured, the policy pays full sum assured without accrued reversionary bonuses

Premium Payment

All premiums, shall be payable at the head office of the Insurer. The assured may pay the insurance premium based on sum assured either monthly, quarterly, semi-annualy or annually.

Click here to Download Proposal form

Term 20 years:

  • Upon policy holder surviving the first ten (10) years, 20% of the sum assured is paid
  • Upon policy holder surviving fifteen (15) years, 20% of the sum assured is paid
  • Upon policy holder surviving twenty (20) years, 60% of the sum assured without accrued reversionary bonuses is paid
  • But, If the policyholder dies within the policy term whether the first instalment or the second instalment of 20% of the policy sum assured, the policy pays full sum assured without accrued reversionary bonuses
  • This policy also participates in double accident benefits that in case the assured cause of death is accident, 2 times of the sum assured without accrued bonuses is paid

Term 25 years:

  • Upon policy holder surviving the first fifteen (15) years, 20% of the sum assured is paid
  • Upon policy holder surviving twenty (20) years, 20% of the sum assured is paid
  • Upon policy holder surviving twenty five (25) years, 60% of the sum assured without accrued reversionary bonuses, is paid
  • But, If the policyholder dies within the policy term whether the first instalment or the second instalment of 20% of the policy sum assured, the policy pays full sum assured without accrued reversionary bonuses
  • This policy also participates in double accident benefits that in case the assured cause of death is accident, 2 times of the sum assured without accrued bonuses is paid