EFUTURE PAY PRESTO
Etiqa
Category
Savings
Coverage
Death
Coverage Term
Up to age 55,60,65
Overview
Etiqa eFuture Pay Presto is a limited pay, participating endowment insurance plan. The plan pays out a guaranteed monthly retirement income for a period of 10 years from the selected retirement age, and non-guaranteed maturity benefit. It provides coverage against death, which is 101% of all net premiums paid plus bonuses. The plan is guaranteed acceptance regardless of your health condition. Choice of different premium term and retirement age for payout.
Key Features
-Endowments, also known as savings plans, require the policyholder to pay a fixed amount for a specified time period (e.g. one-off payment or regularly for 5 to 25 years) and are seen as a disciplined way to save. Endowment plans are offered on a participating basis and will accumulate cash values. You may either receive these cash values at designated policy years or at maturity of policy. Endowments also allow you to surrender your policy and cash out should you urgently require cash.
