Money Back Policy with Profits Icon

Integrated Money Back Policy

Integrated Money Back Policy (IMBP) – as the name suggests – is a better and improved version of the Money Back Policy. The only difference is that IMBP offers more flexible and versatile survival benefits and terms. In a sense, the survival benefits come much sooner than traditional life insurance does.

Otherwise, it serves the same purpose by providing savings and life insurance under one package. If someone is looking for a quick return without compromising their life insurance protection, IMBP is the perfect one. Our IMBP features matches the energy and zest of our younger generations for whom waiting is not their cup of tea.

BENEFITS
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Savings

Protection Icon

Protection

Death Benefit Icon

Death Benefit

Tax Waiver Icon

Tax Waiver

Eligibility Page default image
Eligibility
  • Entry Age: 18 to 60 years.
  • Sum Assured: Nu 50,000 – Nu 5,000,000.
  • Surrender: 2 years after the premium payment.
  • Acquire paid up value: 2 years after the premium payment.
  • Policy: Ineligible.
  • Guaranteed Addition: Payable on Sum Assured upon maturity or at death.
  • Accident Benefits: Eligible for a maximum of Nu 500,000 under all modes with an extra premium of Nu 2 per thousand Sum Assured.
  • Medical Examination:  Depends on the age and Sum Assured of the proposer
  • Age at Maturity: Should not exceed 70 years.
BENEFITS Page default image
Benefits
  • For 5 Year Term-25% of the Sum Assured on the 3rd year of the policy and 75% of the Sum Assured on the 5th year of the policy plus Guaranteed Addition.
  • For 10 years Term-30% of the Sum Assured on the 3rd and 6th year of the policy and 40% of the Sum Assured on the 9th Year of the policy with 1 Year free insurance cover with GA on the 10th year.
  • For 15 years Term-25% of the Sum Assured on the 3rd, 6th, 9th, 12th and free insurance cover for 3 years with Guaranteed Addition on 15th year.
  • For 20 Years Term-25% of the Sum Assured on the 4th, 8th, 12th, 16th and free insurance cover for 4 years with Guaranteed Addition on 20th year.
  • For 25 Years Term-20% of the Sum Assured on the 4th, 8th, 12th, 16th, 20th, and 5 Years free insurance cover with Guaranteed Addition on 25th Year.
  • Death Benefit:Sum Assured + Guaranteed Addition and Death Benefit due to accident (If availed): Sum Assured + Accident Benefit + Guaranteed Addition.
  • Tax Exemption-50% tax rebate on total premium paid annually.
  • Special Features-*Death benefit will be full Sum Assured plus Guaranteed Addition paid without deductions of any Survival Benefit paid earlier. *Free Insurance cover of 1 year, 3 years, 4 years, 5 years for 10, 15, 20, 25 years policy terms respectively.Death benefit will be full Sum Assured plus Guaranteed Addition paid without deductions of any Survival Benefit paid earlier.
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