Savings Incentive Insurance

Salient Features

  • Covers the lives of members of the cooperative
  • Based on the latest balance of member’s savings/Capital
  • Yearly renewable term
  • One year coverage
  • One year contestability period for “NEW” entry
  • With service incentive for cooperative
  • Benefit is payable to designated beneficiary (immediate family) thru the cooperative
  • Premium can be paid thru member’s dividend or savings