Ladies have fostered a saving culture over time by participating in numerous activities and savings groups with aspirations for an improved quality of life. However, these savings have not effectively covered one key aspect - risk.
The ICEA Lioness plan is in the same spirit, the smart choice for a lady looking to save for short or long periods to achieve her dreams whilst having a life cover. One who wants to go beyond her daily wishes to make lasting investments that allow them to spread their wings and achieve their financial needs.
The product celebrates your innate saving culture and fosters independence while securing your future confidently as you pursue your financial goals. We believe in supporting and championing the independence that defines your unique path to success.
Main benefits
Partial Payouts - Partial benefits are payable periodically as follows:
i) Every 2 years for 6 & 8 year terms
ii) Every 3 years for a 12 year term
iii) Every 4 years for 16 year term
iv) Every 5 years for a 20 year term
The partials enable you to achieve some of your goals while the policy is ongoing.
Maturity benefit – 110% of the sum assured is payable as a lump sum on survival of the policyholder to the end of the policy term.
Breast & Cervical Cancer Screening - We prioritize your health by providing coverage for breast and cervical cancer screenings as part of this policy.
Antenatal package - We walk with you throughout your pregnancy with an antenatal benefit as you await the arrival of your special one.
Hospital Cash - You are offered financial assistance in case of ill health leading to hospitalization.
Other benefits
Permanent Total Disability (PTD) benefit – This benefit equal to the sum assured and is payable in the unfortunate occurrence of total disability.
Last Expense – The benefit payable is 10% of the sum assured, up to a maximum of Ugx. 2 million per policy, payable within 48 hours of notification. This is paid in addition to the death benefit.
Death Benefit – 100% of the sum assured is paid to the beneficiaries on the death of the policyholder during the term of the policy term.
Key features
Policy Term – You have the option to choose the policy term that befits your goals; 6, 8, 12, 16 or 20 years renewable at maturity.
Premium Amount – You can pay a minimum premium of Ugx. 200,000 using various methods such as direct debits, bank transfers, flexi-pay, mobile money, or standing orders.
Premium Frequency – Premiums are payable monthly, quarterly, half-yearly, annually.
Policy Lapse – The policy will be converted to paid-up status with the benefits payable on death or at maturity if no premiums are received after the policy has completed a duration of 36 months of full premium payment.