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Bancassurance - PILA
Definition Premium Investment Link Assurance (PILA) is a regular insurance premium unit link that gives protection and opportunities to invest systematically and flexibly with the Back End Loaded concept, where 100% premium will be directly allocated to investment instruments.

There are two programs that suit customers’ needs:
PILA EDUCATION
  • Helps parents plan for their children’s educational funds
  • Ensures children get the highest education in case their parents experience death or permanent disability
PILA INCOME PROTECTION
  • Helps customers protect their dependents
  • Ensures family’s finances are not affected by accidents, illnesses, or death
Features
  • Insurance program with the Back End Load system, where 100% of the premium will be allocates to 5 investment options with a high return potential.
  • Liquid – through partial withdrawals
  • Top Up, opportunity to maximize investments with added investments
  • Switching 4 times max. per year, with the first switch FREE of charge
  • Automatic Premium Postponement, used in case customers are unable to make their premium payments. Terms and conditions apply
  • Partial Withdrawal, a facility given to customers who wish to withdraw some of their funds. Terms and conditions apply
  • Dollar Cost Averaging, minimizes risks and allows customers to pay premiums consistently since funds are deposited regularly
  • Eligibility to receive maximum life insurance up to the age of 80 with the benefits of 5x base premium + account value due to death or any other causes
 
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