Comprehensive
Life Program
Financial Security and Support
The Comprehensive Life Program is designed to provide a safety net for you and your loved ones., ensuring that you can live confidently, knowing you have financial security and support against life’s uncertainties.
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Are you unsure if your current life plan comprehensively addresses the financial challenges that arise during difficult times? SanlamAllianz’s Comprehensive Life Program offers a range of benefits to provide robust support when you need it most.
Do you have loved ones that are financially dependant on you and you would love to extend protection to them? Or you are a family seeking protection for loss of a loved one? With the Comprehensive Life Program, you can insure your spouse, children, parents, and extended family members , ensuring their financial security. You can now insure the whole family.
Do you want a life plan that gives back? With SanlamAllianz's Comprehensive Life Program, a cash back benefit is available every three years for active policies.
Are you concerned about providing for your family's immediate needs after the loss of a loved one? The Comprehensive Life Program includes a family income cover that provides monthly payments for three months after the death of the covered life , offering immediate financial relief. The monthly payment is 10% of the sum assured at the time of death.
Do you dream of a future where your policy is fully paid up, allowing you to enjoy its benefits without further premiums? With the Comprehensive Life Program, your premiums can cease after 15 years or when you reach the age of 65 , while still maintaining cover for funeral benefits, family income, double accident, and last supper benefits.
Live with confidence, knowing your loved ones are protected when it matters most. This benefit provides a lump sum payout upon the passing of the life assured, ensuring financial support during a difficult time.
Key benefits
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The plan provides payment of lump sum benefit equal to the cover amount selected based on the automatic inflation protector option at the time the claim occurred in the event of death of any life insured under this policy whilst the policy is active
This benefit pays out a lump sum benefit equal to the cover amount and the automatic inflation protector option selected whilst the policy is active at the time of death of life assured. This cover can be extended to the principal life assured, spouse, child, parent, and extended family members.
This cover pays twice of a selected benefit if anyone covered by this policy dies through accident
This cover provides monthly payments for a period of three months following the death of the covered lift. It applies to the principal life assured and spouse. The monthly payment is 10% of the sum assured at the time of death.
This benefit provides Ugx 300,000, payable on notification in the immediate aftermath of loss of life principal life assured or spouse. To support the family in funeral arrangements.
if the policyholder dies before their 65th birthday, all lives assured on the policy are covered until the policy anniversary after the policyholder would have turned 65, without any premiums being paid.
Premium payment under this policy shall be waived and the policy converted to paid-up when the principal life becomes permanently and totally disabled (as defined under this policy) while the policy is active. Valid death claims will remain covered.
The policy shall pay 20% of the paid funeral cover premiums for every 3 years where policy has been active and irrespective of claims made on the policy. Yes! Irrespective of Claims made on the policy
The policyholder can request changes such as updating the premium payer, bank details, beneficiaries, adding or removing lives, and adjusting cover amounts and escalation percentages at any time.
Other Key features of the Comprehensive Life Program
- Who can be insured? The policy allows for various role-players, including the policyholder, premium payer, principal life assured, spouse, child, parent, extended family member, and beneficiary.
Age at entry: The minimum and maximum entry ages are defined for each life type, such as 18-64 for the principal life assured and spouse, 0-20 for a child, 35-84 for a parent, and 0-84 for extended family.
Premium payment: Premiums can be paid monthly, quarterly, half-yearly, or annually, with a 10% discount applied to premiums paid half-yearly and annually. The minimum policy premium is UGX 30,000.
Waiting periods: Funeral and Family Income covers have a 6-month waiting period for non-accidental deaths and a 12-month period for suicide. Double Accident cover has no waiting period.
Exclusions: claims caused by criminal acts, substance abuse (excluding prescribed medication), war or terrorism (if the life assured is an active participant), dangerous activities like mountaineering, non-scheduled aviation, pre-existing medical conditions, or self-inflicted injuries