Features of Lasaco Investment Plan Insurance Policy

Flexible Premium Payment: You choose a mode of payment convenient for you i.e. Monthly, Quarterly, Half-Yearly, Yearly or Single Premium.

Termination of the contract: This policy allows for termination of contract before 2 years subject to administrative charge of 5% of the account balance.

Provides for cash withdrawal: Provides for cash withdrawal of 40% of the account balance only after two years.

Requirements

1. Completed Proposal Form
2. Completed KYPH form
3. Personal Identity Documents (any of one of the below will suffice)

• i. copy of Data Page of International Passport
• ii. copy of National Identity card
• iii. copy of National Driver’s License
• iv. copy of Voter’s Card

1. Documentary evidence of address (any of one of the below will suffice)

• i. Recent telephone bill
• ii. Recent Electricity bill
• iii. Bank account statement
• iv. Tenancy Agreement

1. Evidence of premium payment/Credit note whichever is applicable
2. Annuity
3. Completed Proposal Form + Passport Photograph of annuitant and beneficiaries
4. Completed KYPH form
5. Personal Identity Documents (any of one of the below will suffice)

• i. copy of Data Page of International Passport
• ii. copy of National Identity card
• iii. copy of National Driver’s License
• iv. copy of Voter’s Card

1. Documentary evidence of address (any of one of the below will suffice)

• i. Recent telephone bill
• ii. Recent Electricity bill
• ii. Bank account statement
• iv. Tenancy Agreement

1. Birth Certificate of Beneficiaries
2. Copy of Statement of account (in case of conversion)

Death before Maturity: If death occurs before the maturity date, the beneficiary shall receive 90% of total contributions paid and basic sum assured.

Hedges against inflation: Our Investment Plan protects you against a decrease in the real value of money.

Minimum tenure of 5 years: At the end of the policy term, the policyholder shall receive the basic sum assured plus the accrued interest