Bumaco Life Provider

This type of endowment assurance policy has the following features;

• Upon death of the life assured, during the first 5 years, full sum assured together with accrued bonuses is paid into the estate of the policyholder.

• Upon death of the life assured within the subsequent 5 years, one and half times of the sum assured full sum assured together with accrued bonuses will be paid is paid into their estate.

• Upon death of the policyholder during the rest of the term of the policy; i.e. after 10 years of the policy term; 2 times the full sum assured together with accrued bonuses will be paid is paid into their estate.

• On survival of the policyholder to maturity, 2 times the sum assured together with accrued bonuses is paid.

• This policy also participates in double accident benefits that in case the assured cause of death is accident, 2 times of the sum assured together with accrued bonuses is paid.

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.