Goals

Everybody has dreams and aspirations to fulfill. Some dream of having a house of their own, some aspire to live lavishly even after their retirement, some want their children to study in reputable educational institutes and get fine education, and some wish for a glorious wedding for their children.

Goals is designed to help you fulfill your dreams. It is a long term investment and protection plan where you can earn maximum return on your savings by investing them in your choice of investment mix. It is offered to all customers of Summit Bank.

Salient Features

  • A savings plan where upon completion of policy term, you will be paid the accumulated account value. Your plan offers you a number of settlement options at maturity depending upon your individual requirement
  • A protection plan where, God forbid, if you die before the completion of the elected term, your loved ones have the financial security that you had planned for them
  • Flexible premium payment option for the customers subject to the minimum acceptable premium limit prescribed
  • Option to deposit additional funds to your regular plan at any policy anniversary, called the Account Value Acceleration Premium (AVAP)
  • The plan offers generous loyalty bonuses starting from fifth policy anniversary and payable every five years thereafter
  • Premiums are invested according to four distinct strategies as chosen by the customer: Conservative, Balanced, Aggressive, and Shari’ah Compliant
  • Additional benefits/ supplementary riders are available to enhance coverage
  • Multiple modes of premium payment available: annual, semi-annual, quarterly and monthly
  • The account value can be withdrawn partially after the policy has been enforced for at least five full years
  • Complete surrender option available subject to surrender charge during first two policy years

Click here to download Goal Plan