This is pure cover: it pays your family if something happens during the term, and there is no amount paid back at the end. This plan can be renewed up to age 64 years and is designed for groups with an employee-employer relationship.
What's included
Key highlights
- One-year term plan
- Insures all members of the group
- Specifically designed for professional groups
Features
- Available for groups with employee-employer relationship
- Renewable
- Covers all members in the group
What happens in each case
Each plan pays out differently depending on what happens during the term. These are the situations that matter for this kind of plan.
If the insured passes away during the term
The nominee receives the full sum assured. There is no savings element, so nothing else accrues.
Typical for term plans — confirm the exact terms in the brochure.
If the policy runs to maturity
There is no maturity payout. The premium buys cover for the term, not savings.
Typical for term plans — confirm the exact terms in the brochure.
Optional riders
No optional riders are attached to this plan.
Questions about this plan
What kind of plan is Citizen Group Term Insurance Plan?
Citizen Group Term Insurance Plan from Citizen Life Insurance is a term plan that is pure life cover for a fixed period, with no savings element, and suits people protecting family income or a loan.
Who can buy Citizen Group Term Insurance Plan?
The entry age for Citizen Group Term Insurance Plan is 18 – 64 years.
How long does Citizen Group Term Insurance Plan run?
The policy term for Citizen Group Term Insurance Plan is One year.
Premium
Quote on request