“Life Insurance is like a parachute if you don’t have it the first time you need it, there’s no second chance. ”
Anonymous
Wantok Delite
An exciting new savings and protection product providing regular cash returns and low premiums, making life insurance affordable for all Papua New Guineans.
Key Features
Regular cash pay-out
Regular cash pay-out every 3 years – 10% of sum insured with balance paid out on the maturity date
Flexible Policy Term
Individuals can choose a 15,18,21, and 24 year policy term
Annual Bonuses
Bonus declared annually and added to policy on compounding basis, which is paid out upon death or at maturity. Bonuses are tax free under the current Income Tax Act 1959.
Full Sum Insured Payout
Pays the full sum insured and accumulated bonuses upon death regardless of any benefits previously paid
Spouse Cover
You can cover your spouse as the second life insured with a term life rider. Your spouse can also take up the Accidental Death Benefit rider and the Accidental Total Permanent Disability rider in addition to taking out the Term Life rider.
Free Interim Accidental Cover
Free interim accident cover will apply while your application is being considered, the benefit will pay K50, 000 or amount equal to your sum insured whichever is lesser. Benefit will cease when application is accepted, deferred, declined or expired.
Geographical Limit
Worldwide (24hrs) cover.
Maturity Benefit
The balance of the sum insured after payments of the survival benefit will be paid out upon final policy anniversary date with accumulated bonuses less any policy debt.
Exclusions
Standard exclusions apply (detailed in Policy Document).
Fast & Efficient Claims Turnaround
Within 10 working days.
Bereavement Support
K5, 000 or 10% of the death benefit whichever is lesser will be paid upon death of the life insured, to assist with immediate funeral arrangements. No bereavement support is available if the policy is under 3 years old.
Optional Riders
Accidental Total Permanent Disability
Provides for the advance payment of the death benefit in the event the Insured becomes totally and permanently disabled through an accident. This benefit can be taken up by the Primary and Second Life Insured.
Accidental Death Benefit
Provides cover that is payable upon the death of the life insured. This payment is in addition to the Wantok Delite sum insured and can be taken up by the Primary and Second Life Insured.
Term Life Rider
Provides cover that is payable upon the death of the life insured. This payment is in addition to the Wantok Delite sum insured and can be taken up by the Primary and Second Life Insured.
CALL: 3056214
or contact your Insurance Agent today.