Flexi Hela

Flexi Hela is a flexible savings solution that allows you to save while benefitting from life cover for you and your family. It has an open-ended term so you can enjoy the benefits of the policy and continue to save, as long as your policy remains active. You will have immediate access to your savings value with no withdrawal or surrender penalties. You can also make various changes to your policy, such as increasing and reducing your savings contribution and amending lives and benefits covered on the policy, anytime you want.

How to Apply

• Increase cover for any life (subject to the six-month waiting period)
• Decrease cover for any life
• Add an additional life (subject to the maximum lives of 11, and the six-month waiting period)
• Remove cover for any life
• Amend the savings contribution
• Add, remove, or amend the beneficiary of the policy

You can cancel your policy at any time should you wish to. Simply let us know of your decision. Your cover will cease, and we will pay you your savings value. If you do not pay your risk premium on time, the risk premium will be deducted from your savings value. If you do not pay your risk premium on time and do not have enough in your savings value to fund your risk premium, your policy will remain in force for one calendar month which is called the grace period.

During the grace period, death benefits remain in force. If the insured dies during the grace period, we will deduct the amount of any unpaid premiums from the death benefit payable. Should your risk premium remain unpaid, your policy will lapse after the grace period.

You can reinstate your policy at any time for up to twelve months from the date of lapse by contacting us and paying the premiums from the date of reinstatement, subject to our acceptance. The waiting period will apply from the date of reinstatement.