Smile Plan
Smile Plan is a unit-linked endowment policy that provides a cash payout on maturity or on death of the policyholder happening before maturity.
The underlying assets for the policy will mainly be pieces of land developed into residential stands. Such assets have been proven over the years to preserve and appreciate their value.
Major Benefits
- The policy is expected to preserve and grow your premium contributions.
- The inbuilt life cover benefit on the policy will guarantee a cash payout to your beneficiaries or dependents, enabling them to continue to realise the initial benefit of taking the policy.
- The cash payout payable on maturity or on death before maturity can be used to:
- Purchase a residential stand provided by ZB Life or by another land developer, if the cash payout is sufficient.
- Secure your own retirement plan.
- Start up an income-generating project or business.
- Provide livable income for the family.
- Secure an education fund for your children.
Terms and Conditions
- One can take out the Plan if he or she is aged between 20 and 55 age next birthday.
- One can choose a suitable term ranging from 5 to 20 years.
- The Policy has a waiting period of three (3) months which is not applicable on accidental death.
- The Policy will lapse if a premium is not paid within the grace period of one calendar month. However, the Policy can be reinstated within six months from the date of lapse, subject to terms and conditions.
- The Policy can be surrendered at any time at the cash value of the units allocated to the Policy, subject to applicable surrender charges.
Get in touch with us today and begin your financial journey with ZB.
