Limited Premium Assurance
The Company undertakes under this insurance for premiums paid for less than the insurance period, and the sum assured will be paid in one of the following cases:
• At the end of the insurance period if the insured is alive.
• Immediately in case of death of the insured before the end of the insurance period.
In return the annual premiums paid during the period of the payment of premiums and stop paying them once the death of the insured occurred.
This policy participates in the actual profits realized in the life insurance branch so that 85% of these profits will be distributed to the policy holders annually in the form of an increase in the sum assured due, the profits will be paid by death with the sum assured due, and the profits will not be paid in case of liquidation or reduction.
A person of age 30 years who wishes to insure his life for 25 years, pay the premiums for 20 years as pays an annual premium of 34,793 Egyptian pounds for only 20 years from the start of the insurance and continues his life insurance without payment of premiums for five years, stop paying the premiums in case of death of the insured (if occurred prior to that during the payment period).
The company will pay the sum assured of 1000 Egyptian pounds in addition to the profits paid to the insured personally if he survives until the date of maturity, i.e. 25 years later, or his heirs if his death occurs before the end of the insurance period.