Introduction
An endowment with profit regular savings plan that provides the benefits of savings and life cover. You save regularly for a fixed term and at the end of the term/ on your death, you receive the guaranteed sum assured along with vested bonuses. The guaranteed sum assured is at least 75% of your total premiums paid over the plan term. You may also receive a terminal bonus if you continue the plan until maturity or death of the policy holder.
One of the special features of the plan is you pay a higher sum for the first 5 years of the plan, and then, according to your circumstances and requirements, you are able to pay a fraction of your initial premium for the rest of the plan term. You may be able to contribute a half (for 10 year plan only), a third, a quarter or a fifth of your basic contribution paid in the first 5 years, the reduction being dependent upon the option selected at the start of your plan.
The plan can be held on a single life only.
Please see the KFD for more details.
The High Start Bonusbuilder Plan at a glance
| Minimum Premium | £50 per month/ £600 per annum |
| Maximum Premium | £300 per month/ £3,600 per annum (subject to qualifying rules) |
| Minimum / Maximum Policy Term | 10 / 25 years |
| Minimum / Maximum age at entry | 18 / 59 years |
| Maximum age at maturity | 74 years |
| Modes of Premium Payment | Monthly/ Annually |
| Additional Riders | Accidental Death/ Permanent Disability benefit |
