Unit linked plans is still a new concept in this area. These plans are unlike traditional and conventional life insurance policies, where the premiums are calculated on the basis of mortality, age and term of the plans etc. Unit linked plans are investment oriented. The annual installment (premium) has two portions, the Expenses portion and Investment portion. The expense portion looks after the insurance aspect and relevant expenses, whereas, the investment portion is looked after by Investment Managers independently and the company has no right to utilize these funds.

A complete life insurance - investment plan aimed to assist the individual with securing future plans including life coverage, children’s educational needs as well as retirement income.

This plan offers the unique option of combining the protection life assurance with the attractive prospects of investing in funds. You can choose the investment funds you wish to invest in, so that you can have the direct stake in the performance of the financial markets by directing your choice of investment therein.

Eazassure OFFERS :

Guaranteed Life Coverage of 101% fund value in case of death or maturity.

• Option for Additional Life Cover at minimal cost.

• Addition of riders for more extensive cover.

• Access to different Investment Funds Worldwide.

• Bonus units for loyal clients.

Aside from the above, the product has the flexibility and add-on features to fit your desired investment goals based on your financial capacities:

• Single Premium or Regular Premium – Choice of plan according to your current cash and income flow.

• Fund Switch – Facility to switch investment from fund to fund according to your market analysis (with four free fund switch in a year).

• Top-Ups – Option for additional investment in case of higher earnings

• Premium Holiday – Provision to temporarily cease payment to prioritize other financial obligations.

Typically, the greater the investment risk, the greater the potential reward or loss. Each and every one of us has individual financial needs and goals, and these change over time. Therefore you should do your utmost to put together a blend of investments that’s right for you – now and in the future.

• Cautious Fund
• Balanced Fund
• Aggressive Fund
• Guaranteed Fund

Riders

Riders are the additional benefits, which can be attached with your basic plan to make it more beneficial for you. It is considered as a topping on your ice cream, which makes your ice cream more delicious and you pay a very minimal cost for it. With Eazassure you have a wide range of riders, which you can attach to your basic plan. Please seek advise of our financial consultant and he/ she will guide you to the rider suitable for you. Following riders are currently available with Eazassure

• Family Income Benefit
• Hospital Income Benefit
• Critical Illness Benefit
• Either Permanent and Total Disability Benefit (due to accident only) OR Permanent and Total Disability Benefit (due to accident or sickness)
• Either Waiver of Premium Benefit (on disability only) OR Waiver of Premium Benefit (on death or disability)
• Either Accidental Death Benefit OR Accident Indemnity Benefit

Charges		Amount / Percentage
Sales load		a. Min 3.5% for the regular premiums and single premium plan b.  2.5 % for Top - ups
Initial management charge		1.3%* Premium payment term* Monthly regular premium for first 4 years (Max 26% )
Administration charges		6.50 USD per month
Policy management expense		0.06% of total units
Cost of Protection Charges		Relevant monthly rate for the assured’s current age.

* Charge is deducted by cancelling units from the funds of policy

Minimum Premium Payments

 

Mode		Amount in USD (Min)
Quarterly		300
Half yearly		600
Yearly		1,200
Single		6,000

Surrender charges

Eazassure has a unique feature in terms of surrender charges. Most of the surrender charges apply in first five years of the policy depending on the term of the policy. After five years if you intend to surrender your policy the surrender charges are very nominal and you will enjoy a healthy cash value. However you have a choice to surrender the policy after paying regular premiums for 24 months.

For detailed information, please call toll free 800 4746 or email call_center@tameen.ae

Net Asset Value