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Term Life Insurance Plan-Fresh

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Term Life Insurance Plan-Fresh
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Term Life Insurance Plan-Fresh

Protect the future of your beloved ones and guarantee them financial stability.

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LBP 600,000
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USD 1000
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Benefits

  • 5 years with a guarantee of automatic renewal without additional formalities until the age of 65

Coverage

  • Life insurance coverage: in case of natural or accidental death, including death due to Covid-19 or any other pandemic, or total permanent disability (accident or sickness),  the insurance company will settle the capital insured to the beneficiary(ies) in case of death or to the insured in case of disability. 

Premiums

  • Currency: Fresh USD
    Monthly, quarterly, semi-annual or annual settlements
    Predetermined and change every 5 years according to the age of the insured Minimum amount: Fresh USD 10/month
     

Age of the Insured

  • Between 18 and 60 years old

SIMULATION

Age
(in years)
Contract Duration
( in years)
Sum insured
(in USD)
Annual Premium
(in USD)
25 
40 
70,000
104 
35 
30 
100,000
206 
45
20
150,000
571

The present illustration is only indicative and is not part of the insurance request/contract. 

DISCLAIMER

 The Retirement Savings Plan is issued by Bancassurance S.A.L. (CRB: 75 309, Beirut), a life insurance company affiliated to BanqueLibano-Française. Bancassurance S.A.L. is a joint stock company established under the Code of Insurance with a paid-in capital of LBP 4.5 billion. 

*The Company’s investments are in compliance with the requirements of the decree no. 1205/1978 amended by the decree no.2441/2009 (implementation of the decree no. 9812/1968 governing insurance companies); the issuer and the guarantor being Bancassurance S.A.L., and the paying agent being the Bank. 

**The projected amounts are based on an annual projection rate of 1% and are shown for projection purposes only after deducting the insurance fees, settlement fees including referral fees and management fees. 
These amounts and annual projection rate are not guaranteed and do not constitute any engagement for Bancassurance S.A.L. 

The contract shall become automatically effective following the review of the insurance request and its acceptance, and provided that Bancassurance S.A.L. issues the particular conditions. 

The Capital Markets Authority of Lebanon has not passed upon or takes no responsibility for the information contained in the abovementioned documents or for the merits of investing in this product. 

All death claims under these contracts are subject to inheritance tax payable by the designated beneficiary(ies). 
BANCASSURANCE S.A.L.
Capital 4,500,000,000 Lebanese Pounds
CRB 75 309, Beirut
Insurance company registered in the Insurance Companies Register
under no. 241 as per Ministerial Order no. 25/1/AT dated 20/01/2000
amended by Ministerial Order No. 222/1/AT dated 22/04/2000 and subject to legislative decree no. 9812 dated 04/05/1968
Tax Number: 194626
Semiramis Building, 4th floor
Weygand Street, Bab Idriss, Downtown, P.O. Box: 11 6729, Beirut, Lebanon
Phone and fax: 961 1 960100
E-mail: bancassurance@ebancassurance.com

 

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Published on 13/11/2018, updated on 30/10/2024
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