Leadway Target Plan
The Leadway Target Plan is a policy that pays out four equal annual lump sums in each of the four years after the policy’s maturity date.
We calculate the premiums based on your decisions about how much you want the annual payments to be, and when you want the policy to mature. This policy has a minimum term of 5 years and a maximum of term of 20 years, and must mature on or before your 60th birthday.
You also decide how frequently to pay your premiums – monthly, quarterly, half-yearly or annually. And as long as you pay those premiums in full and on time, we guarantee to pay out your four Target Sums after the policy matures.
The policy includes life cover, which pays out a lump sum equal to one-and-a-half times the target sum in the event of your death before the policy’s maturity date. Further, we will still pay the four annual payments in full after the original planned maturity date.
And the policy also includes cover that applies if you contract certain illnesses or become permanently disabled because of an accident before the policy’s maturity date. This cover will pay out the full target sum immediately, and will also pay the four annual payments in full from the original planned maturity date.
Once the policy is 2 years old you can take out a loan against your savings. And you can manage your policy online or using our mobile app.
You have the right to cancel your policy and receive a full refund of premiums paid if you do so within 30 days of receipt of the full policy documentation.
Please click here to download the policy brochure to know the features and benefits relating to this product to ensure it fully meets your requirement.
Click here to get the product application form.
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Or call 01-2800700 to speak with one of our Customer Service care team.