Awash Insurance Company(S.C) transacts Life Assurance as follows:
One or more of the following can fully satisfy your life assurance needs. 1.
TERM LIFE ASSURANCE
Used for protection;
Affordable even by anyone in the low income
Can be assured individually or in group; 2.
ENDOWMENT LIFE ASSURANCE
i, 10, 15, 20 …. Years Endowment:
Used for protection & saving;
Lump sum payment at the end of the policy period;and
Develops Cash Value after two/three years, which can
be taken as a loan.
ii) Anticipated Endowment:
Used for protection and saving;
Benefit of 20%, 20% and 60% of the sum assured can be collected at the end of some specific periods;and
• 100% protection all the times.
iii, Education Endowment:
Used for protection and saving; mainly to finance college education;
Benefit of 20% at the beginning of each of the last four consecutive years preceding maturity and another 20%
at the end of fourth year;
On death of the assured parent/ guardian, it pays 50% of sum assured, while waving all future premium
requirements and pays the benefit on maturity in the manner stated above;and
Develops Cash Value after two/three years, which can be taken as a loan.3.
WHOLE LIFE ASSURANCE:
Used for permanent protection;
Constant premium throughout life time;
Premium can be paid for a limited period of time or for as long as the life assured lives;
Mostly used for family protection;and
Develops Cash Value after two/three years, which can be taken as a loan.4.
SUPPLEMENTARY/RIDERS/ ADDITIONAL COVERS:
i) Supplementary Accident :
Covers loss of limbs/dismemberment and
Double benefit at death depending on the type
ii) Waiver of premium:
• Waives all future premiums for life & any
supplementary assurances in case of
Total Permanent Disability.
iii) Medical Expenses Assurance:
Reimburses medical expenses incurred by the
assured up to the pre-agreed
limit per year.
You may use any of the above in any combination.
Call & instruct us today. Tomorrow you get older and premiums go up!!
Just Do It Today!
Tel. (+251-1)557-00-01; 557-02-66. Fax (+251-1) 557-02-42.