RICB introduces incredibly awesome Life Insurance policy which has short term saving scheme with Life Risk Cover. It is a prudent financial plan as the amount receivable on maturity can be known at the policy inception.
TEN- TSAI MANGUL NGENCHOEL = SAVING + LIFE INSURANCE+ TAX EXEMPTION+ LOANS
BENEFIT & COVERAGE
Maturity/Survival = Sum Assured + Guaranteed Additions of 7 % interest p.a on Sum Assured x applicable number of years.
Death during policy period = Sum Assured + refund of 150% of premiums paid.
Discount on high value policies.
50% tax exemption for PIT purposes on the premiums paid annually.
Loans available against accumulated premium after 3 years upto 65% .
No medical report required upto Nu. 1000,000/-
Other conditions will apply as per policy documents.