Associated Companies

Isambulela Group Administrator

School Fund Provider

An investment type policy with basic life cover
Pays a lump sum at maturity date. After 5 years annual cash withdrawals can be made
Life cover up to R50 000 can be added without medicals or HIV test.
Waiting period of 12 months for natural death
Applicant and co-assured may be different. Policy can be used as a vehicle for funding school and university fees
Minimum term 5 years
The following can be added as an option:
Waiver of premium benefit on deaht of applicant
Waiver of premium benefit on disability of applicant
HIV test is optional if waiver benefit limits are not exceeded
Choise of investment portfolios available
No loans will be granted against this policy as annual cash withdrawals can be made
Policy may not be ceded or used as a security for loans
Minimum premium R350 for 5 years
Minimum premium R300 for 10 years