If you have a lump sum of money you want to invest for at least 5 years, then Lilunga Single Premium investment is the right product for you. You can enjoy the benefits of your investment from as little as E1000.00 once off.

What is Lilunga Single Premium Investment?

This is a cash lump sum investment policy that allows you to pay the premium once off at the beginning of the policy. The minimum term for this policy is 5 years, with the maximum being 10 years. This investment policy is a unit-linked endowment product with a guaranteed return of 4.5% interest per annum, compounded annually.

*Examples of estimated maturity values of certain amounts projected at 10% interest per annum.

Term	E5,000	E15,000	E100, 000
5	E7,569	E22,708	E151,387
6	E8,326	E24,979	E166,526
7	E9,158	E27,476	E183,179
8	E10,074	E30,224	E201,497
9	E11,082	E33,247	E221,647
10	E12,190	E36,571	E243,811

*Terms and conditions apply. These are estimates, contact us for a formal quotation

Scenarios where the Single Premium Investment is worth considering:

• When you have inherited a sum of money and need to invest or park it for at least 5 years.
• When you are recently retired and looking for a safe and reliable investment platform.
• When you have received proceeds from an investment.
• When you have sold an asset and you are not planning to immediately replace it.
• When you have received annual bonus.

What are the requirements for opening this policy?

• The lump sum to be invested
• Identity Document (ID)
• Proof of Income
• Proof of Residence
• Declaration of the source of funds

Key benefits of Lilunga Single Premium policy

• Once-off contribution at the start of the policy
• No monthly debit order or stop order-related charges
• Access to a loan facility after 30 days of opening the policy
• No stress of policy lapse. This is a fully paid-up policy
• Medium to long investment period (choose any period from 5 to 10 years)

Can I add money to an already existing Single Premium Policy?

Once the policy is in force/ active, it is not possible to add money to it. We advise that you open a separate policy. There is no limit to the number of Lilunga Single Premium policies you may have.

What happens at maturity?

When the policy matures, the policyholder will submit the claim for their payout to be processed. This can be submitted at any time after the policy matures. Below are the documents needed to claim:

• A claim form
• The policy document
• The policyholder’s ID
• The policyholder’s recent bank statement

Can I open-end this investment policy?

Lilunga Single Premium policy can be open-ended. As with the other investment policies, the minimum term for the open-end is two years with the maximum term being 10 years.

Is this policy eligible for a loan?

This policy is entitled to a loan facility based on the surrender value at 0.83% interest per month on a reducing balance basis. The minimum amount borrowable is E1,000.00 and can be accessed 30 days after opening the policy.

What happens if I pass on before maturity?

The value of your policy at the time of your passing will be paid out to your nominated beneficiaries, according to the last signed beneficiary nomination form. It is important to keep your beneficiary nomination list up to date and in line with your wishes.