Prime Plan

Prime Plan is a savings policy which allows members to save an amount each month initially in a unit-linked managed fund. The fund aims to provide long-term real returns by investing in a wide range of assets including quoted and unquoted stocks and shares, government bonds, properties and debentures.

Major Benefits

  • Creates savings for future use such as starting up a business or project, paying education fees, funding a holiday trip, paying dowry/lobola or funding a wedding event.

Terms and Conditions

  • One can choose a fixed period of savings from a minimum of 10 years to a maximum of 25 years. However, the term can be extended to suit the policyholder’s needs.
  • Lump sum payments are permitted in order to boost the accumulated investment.
  • If premiums remain unpaid after the expiry of the grace period, the policy becomes automatically paid-up. The paid-up policy may be reinstated within six months from the date it became paid-up.
  • The Policy may be surrendered in whole after two years for an amount equal to its cash value.
  • In the event of an urgent need for funds, one may make partial withdrawals from the policy provided it has been in force for at least four years.
  • In the event of death, the cash value of units allocated at the time of death will be paid.