Freedom to choose the plan to suit you
The Anticipated Endowment is designed to allow the international Investor the greatest degree of freedom possible when making provisions for savings. As everybody's needs are different and will change over time. this plan is designed to be highly flexible and allows:
» Freedom to choose your own level and currency of premiums.
» Freedom to choose your premium payment term.
» Freedom to continue your plan whenever you change jobs or move to a different country.
» Freedom to increase your insurance cover and contribution levels to match your changing needs.
» Freedom to add additional benefits, even after the policy has commenced.
» Freedom to access your funds at regular intervals.
Access to your funds
Three convenient cash payments are made to you as follows:
Period
Payment at the end of one-third of the policy term.
Payment at the end of two-thirds of the policy term.
Payment on maturity of the policy.
Guaranteed payment
25% of the Sum Assured 25% of the Sum Assured 50% of the Sum Assured plus accrued Bonuses.
Policy Loans
if finances are required at short notice, it is possible to obtain a loan against the cash value of your policy.
Policy Surrender
To facilitate the flexible requirements of the international Investor, the plan provides for early surrenders. The Anticipated Endowment acquires a cash value after the payment of only two years contributions.
Extra cash at maturity
Each year Alliance allocates a Terminal Bonus which is paid on maturity of the policy. Bonuses vary and depend on the profits of the portfolio but are paid on the Full Face Amount of the policy
Security and peace of mind
Life Assurance
In the event of an untimely death during the policy term the full sum assured plus attaching bonuses will be paid to your dependants, giving valuable protection for yourself and your family.
Flexibility
After the payment of two year contributions, if you find yourself unable to continue with your contributions, you may still keep your policy in force for an additional period and benefit from the security of full insurance cover.
Regulatory Umbrella
Alliance is subject to Federal Law No. (9) of 1984. The U.A.E. Government closely regulates all Insurance companies to ensure that they are financially sound and operate to the highest professional standards. This same regulatory environment in which we operate means that your benefits are safe with us.
The tailor-made solution for all your family needs
The Anticipated Endowment has been specifically designed to provide you with cash when It is most needed, Unlike most savings and protection policies you do not have to wait until maturity to receive the sum assured. Instead you benefit from a three phase maturity plan whilst still enjoying the security of full protection benefits. Your insurance cover remains at 100% throughout the policy term regardless of the instalments already encashed.
On maturity the proceeds plus the accrued Terminal Bonuses can be used for a specific purpose such as your children's education, children's marriage, your old age. the special holiday that you have been meaning to take...
Financial security before maturity
Should you die before your chosen maturity date, the full sum assured will be payable. However, you may feel that you want to build additional cover into your plan. For a small additional cost you have several choices:
Triple Accident Benefit
This option pays additional benefits in the event of Accidental Death, Accidental Dismemberment and Accidental Total or Temporary Disability, as follows:
EVENT |
BENEFIT |
| Accidental Death |
2 x Sum Assured + Bonuses |
| Accidental Death in a Public-Vehicle |
3 x Sum Assured + Bonuses |
Accidental Dismemberment
Loss of two limbs/both eyes |
Sum Assured immediately plus Policy continues in force |
| Total or Temporary Disablement |
A weekly income equal to half a percent of the Sum Assured |
Family Income Benefit
In addition to the payment of a lump sum on death which provides for immediate financial needs, you can elect for your family to receive monthly income payments which would help them with the costs of day to day living.
Critical Illness Cover
Safeguarding the future of your dependants on your premature death is obviously essential. But what about the financial hardship which can be caused if serious illness strikes? You might need cash to help you through a period of convalescence and you may well be faced with hefty hospital bills. Alliance's Critical Illness Cover could provide a vital cash lifeline just when you need it most, helping to relieve the financial burden of a health crises. An advance payment of 50% of the sum assured would be made if you were diagnosed as suffering from one of the following illnesses or conditions:
Heart Attack
Coronary Artery Disease Surgery
Stroke
Kidney Failure
Cancer
Waiver of Premium
Illness or disability can have a serious effect on savings provision if it prevents you from working for any length of time. More immediate financial obligations will often take priority. By choosing the Waiver of Premium option, your contributions would be maintained for you should you fall ill or have an accident and be unable to work for more than three months.
The range of options included with the Anticipated Endowment allows you to choose the financial protection you require to suit your circumstances and responsibilities. You are free to include these benefits from the start or you could add them later as your needs change.
Everything else you need to know
Contribution Frequency
Contributions can be on a Monthly, Quarterly, Half-yearly or Annual basis.
Policy Currency
Your plan can be denominated in any of the four major currencies:
-
US Dollars
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UAE Dirhams
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Pounds Sterling
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Deutsche Marks
Minimum Premium The minimum premium is Dirhams 400
Increase in cover Are subject to satisfactory evidence of insurability at the time of the increase.
Maximum Age at Entry is 58 Maximum Maturity Age is 70
Duration of policy You may commence your plan (or a term ranging from 12 to 30 years, in multiples of three. |
