Investment & Savings - Life Assurance - Mauritius Union Assurance

@ 19 Mar 10 13:58 GMT + 4
MUA : Rs 128.00

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LIFE ASSURANCE

INVESTMENT & SAVINGS

Educassurance

Educassurance is an innovative child savings plan especially designed for parents to cater for their child’s tertiary educational expenses. Our education plan also gives financial protection and peace of mind in the event of an untimely death or total and permanent disability of the parent.

Investment Plus

Investment Plus is a flexible unit-linked life assurance plan that allows the client to invest monthly or one-off payments into a plan that adopts to one’s changing lifestyle.
The premiums paid are invested in carefully selected unitised funds thereby giving the policyholder access to a broad portfolio of assets. The unit price is determined every month and varies according to the fund’s performance. Each policyholder shall be given an individual account whose accumulated value in units is directly linked to the value of the underlying assets in the funds selected by client and shall be payable at maturity date of policy.


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Endowment plan

An endowment assurance policy with profits provides the payment of the sum assured plus accrued bonuses at the end of a specific term upon survival of the life assured. In case of death, the full sum assured plus accrued bonuses at time of death is payable to the nominees.

Anticipated endowment plans with profits are payment by installment policies where part of the sum assured is regularly paid to the policyholder at every pre-determined interval. On maturity date, the last installment of the Basic Sum Assured plus accrued bonuses shall be payable.
In the event of death before maturity, the basic sum assured plus accrued bonuses shall be payable irrespective of any installment already settled.