|
The No.1 question every person asks himself is-
"How
can I increase the value of my savings?"
It is common knowledge that inflation erodes your savings
as the years go by. For example, Rs.100, 000 saved today will
probably be worth less than Rs.60, 000 in five year's time,
in terms of today's purchasing power.
In such a situation, a saver loses the ability to build up
a reasonable fund for himself to pay for life's essential
requirements such as weddings and education, and cannot leave
behind a meaningful amount for his dependants to survive on,
especially in case of his unexpected death.
In these kind of economic conditions, where does one turn?
Only especially tailored investment and insurance vehicles
can continuously build good value for your money, while providing
the security your dependants may need.
ALICO Pakistan has the answer to this question
AIG Life has developed the Accelerated Savings plan, which provides
attractive savings benefits for you, coupled with adequate
inflation combating protection.
Through this plan your coverage increases each year in order
to protect you against the peril of inflation. The premium
also increases (See below)
Upon
maturity, provided that you survive, the benefit that you
receive can be expected to far exceed the money paid in the
form of premiums.
| In
case you do not survive the policy term, the person
nominated will be paid the insured Face Amount or the
Account Value of your policy, whichever is greater (Less
any outstanding loan value). |
How
does it work?
Premiums
paid under this plan are immediately put to work for the policy
owner to provide Life Insurance benefits. After meeting expenses
and the cost of insurance, the remainder of the premium is
used to create an account Value through which funds are invested
for the benefit of the policy owner. This funds generatese
the investments returns that are credited to the Account Value
of the policy owner every year.
After a gradual start, the account value builds up at an accelerated
pace. During this whole period, the insured has the benefit
of an increasing level of insurance cover, which insures the
the fulfillment of his savings in the event of his death. |
|
.gif){kind=spacer}
