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FANAKA Plan
This is a life insurance plan that offers you multiple avenues to save and grow your money. We all have goals in life: building a home, buying a new car, starting your own business and getting married.
What we offer
Jubilee Life Insurance FANAKA Plan enables you to invest in a professionally-managed fund which will ensure you have the savings to achieve your dreams. Our plans are flexible, each tailored to fit our clients’ individual needs.
Benefits
Benefits at a glance
Bonuses are declared on an annual basis but payable at the end of policy term
Policy offers loan after 36 months of premium payment
Has a 30 days free look period
More than one beneficiary can be included in this Policy.
Policy term varies from 5 to 20 years depending on the client’s financial plan
Premiums are predetermined and fixed
Minimum sum assured is TZS 5,000,000/=
Premium payment can be made monthly, quarterly, semiannually or annually
Loan eligibility varies from policy terms 5-10 years and 11-20 years. Policy offers loan after 60 months and 36 months of premium payment respectively. (Terms and Conditions Apply)