The Protected Savings Plan is a unique product which provides a life cover together with an accumulated Fund at the point of maturity. Additionally, the Product offers an attractive dividend rate credited to the account on a monthly basis.
After the first 90 days of the policy, the policyholder is able to make withdrawals (partial surrenders) from the policy, using any Sampath Bank ATM island wide.
Life Cover will offer as follows;
Natural Death – Double the Accumulated Fund Value or the Sum Proposed, whichever is lower
Accidental Death – In addition to the Natural Death Benefit; Double the Accumulated Fund Value or the maximum accidental death benefit, whichever is lower