Personal Insurance

personal-insurance

You have done the degree, scored your first job, married with children, gone ahead to become the breadwinner of your family, your children’s education are secured… You have accomplished so much, but we ask you; Are you protected? Do you have a life insurance? What are your retirement plans?
At SA Life, we offer a range of life insurance policies designed to cater for your personal insurance needs throughout your lifetime.

Life insurance for Today
SA LIFE offers tailored life insurance plans which provide cover against the unexpected.

Securing Your Tomorrow
Ensuring you retire well is your goal; making your retirement plan easier for you is our goal with our retirement plan designed to meet your budget and requirements. Don’t know where to begin?

PERSONAL INSURANCE

The purpose of life insurance is simple… to protect those you love. In your life, you work hard to make sure those you love — spouse, partner, children, family members — are taken care of.  It’s just as important to consider providing financial support for the future living costs of your dependents when you are no longer around to do so. After all, they will have to go on without you.

STANDARD ALLIANCE LIFE ASSURANCE PROPOSAL FORM

  • Kindly complete form in block letters.
 

SECTION A (BIO DATA)

 

SECTION B Beneficiary(s) (Attach recent passport)

 

SECTION C

  • I declare to the best of my knowledge and belief that the information given in this form is true and complete. I agree that if any answer has been written by any other person on my behalf such person(s) shall for that purpose be regarded as my agent and not the agent of the company, Standard Alliance Life Assurance Ltd. I declare that this proposal for Investment / Life Assurance is made in good faith and be incorporated in and form part of the contract under the normal terms and condition of Standard Alliance Life Assurance Ltd.
 

Verification

Having a retirement plan is properly the most important ‘need to have when you are young’ insurance policy. At SA LIFE, we are dedicated to providing you with the tools you need to make confident, well-informed decisions about your financial future. As an investor, you are on a quest to find the best haven for your retirement funds, and our SALAR policy provides a low-risk, long-term investment platform to help you achieve your goals.

The goal of retirement planning is to achieve financial independence, so that you would not be dependent on others at retirement and the need to be gainfully employed would be optional rather than a necessity.

Say goodbye to Mondays the right way, with our retiree plan

Our Policy

Making your Retirement plan easier for you is our goal, this is why we offer 2 annuity options under our Annuity for Retiree plan (SALAR) tailored to meet your budget and requirements.

Option A: IMMEDIATE ANNUITY.
Under this option, the retiree/annuitant makes a lump sum payment called Purchase money to SA Life in return for a specified monthly/quarterly funds repayment during the retirement period for the rest of the lifetime of a named annuitant/retiree. Thereby guaranteeing income during retirement till death.In line with the Pension Reform Act 2004, the lump sum payment to the life office in return for the periodic payment throughout the lifetime of an Annuitant is called ‘’purchase money’’.

Option B: DEFERRED ANNUITY
This option provides the annuitants the opportunity to make a monthly/quarterly contribution towards accumulating the Purchase money over a minimum period of 5 years. Upon completion, the sum total would be converted into Immediate Annuity. SA Life in return would make a specified monthly/quarterly funds repayment during the retirement period for the rest of the lifetime of a named annuitant/retiree. Thereby guaranteeing income during retirement till death.

Key SALAR Features:

Life-cover of up to 100% of Purchase money if death occurs before age 70

Retirement Income is payable monthly/quarterly/annually

Annuity purchase price is Tax deductible

Retirement Income is Tax free

Additional funds may be injected at any time

Remuneration Options:

Annuity payment is guaranteed for at least 5 years until death. If death occurs during this period, periodic payment will continue to the named beneficiary for the guaranteed period.

Return of 50% of the purchase money to the annuitant’s estate if Death occurs before age 70 after the commencement of the scheme.

Return of 100% of the purchase money to the annuitant’s estate if death Occurs before age 70 after the commencement of the scheme

STANDARD ALLIANCE LIFE ASSURANCE PROPOSAL FORM

  • Kindly complete form in block letters.
 

SECTION A (BIO DATA)

 

SECTION B Beneficiary(s) (Attach recent passport)

 

SECTION C

  • I declare to the best of my knowledge and belief that the information given in this form is true and complete. I agree that if any answer has been written by any other person on my behalf such person(s) shall for that purpose be regarded as my agent and not the agent of the company, Standard Alliance Life Assurance Ltd. I declare that this proposal for Investment / Life Assurance is made in good faith and be incorporated in and form part of the contract under the normal terms and condition of Standard Alliance Life Assurance Ltd.
 

Verification