Traditional Plan

This day and age has an unpredictable world at our doorsteps making market-link investments uncomfortable. Guaranteed Plans are a solstice of certainty with a guaranteed, fixed return with life cover, so your savings remain secure while ensuring your family remains financially protected.
All the risks associated with investing in the markets, with a Guaranteed Plan, all you need to do is receive predictable maturity benefits, options to flexibly receive your payout and not have worry about future guaranteed income. It is essentially savings + insurance; great for the savers/ investors who appreciate certainty, discipline and long-term planning.

Traditional Plan Quote

Types of Traditional Plans

Par Products

A life insurance product (whole life, endowment, or similar) where the policy “participates” in the profits of the insurance company’s with-profits fund.

Profits are distributed to policyholders as bonuses/dividends.

Features
  • A fixed sum assured is paid out on death or maturity.
  • Non-Guaranteed Benefits (Bonuses/Dividends)
  • Declared based on the performance of the insurer’s investment fund.
  • Can include reversionary bonuses (added yearly) and terminal bonuses (paid at maturity/claim).
  • Long-term Protection + Savings
  • Provides a mix of insurance cover and wealth accumulation.
  • Profit Sharing
  • Policyholders share in the insurer’s surplus after expenses, claims, and reserves.
Advantages
  • Stable returns (less volatile than direct market-linked products).
  • Provides insurance + investment.
  • Can build a sizable maturity benefit over time.
Limitations
  • Returns are not fully guaranteed (depend on company’s performance).

Par Non Products

A Non-Participating (Non-PAR) plan is a life insurance product where the policyholder does not share in the insurer’s profits. Unlike Participating plans, these policies provide only guaranteed benefits, with no bonuses or dividends.

Key Features of Non-Participating Plans
  • Guaranteed Benefits Only
  • Policyholders receive a fixed sum assured and sometimes guaranteed additions (if specified).
  • No variable bonuses/dividends.
  • Lower Premiums
  • Since there are no profit-sharing bonuses, premiums are usually lower than Participating policies for the same coverage.
  • Certainty of Benefits
  • Policyholders know upfront what they will receive at maturity or on death.
  • Attractive for people who prefer guaranteed outcomes.
  • Types of Non-PAR Products
  • Pure Protection Plans (e.g., Term Insurance).
  • Guaranteed Savings/Income Plans (fixed returns promised).