February 27th, 2014 by roushaira
Entiero na Kuota gives you the opportunity to prepare yourself for the costs related to your funeral, with our so-called funeral savings Insurance. This means that you select a pre-agreed contract sum that you are going to save for in monthly installments.
As soon as the agreed sum has been fully saved, we will start awarding you a yearly interest, starting on the date of payment completion, up to the date of death.
In case you pass away before the agreed sum is paid in full, the difference between the amount already deposited and the agreed contract amount will be granted by us, provided you are not in arrears on your payments (this is the insurance element of the Funeral Savings Insurance).
A 3 year waiting period exists for participants who are between the ages of 62 and 75 years at the time they enter the contract. In case of death within three years of the start of the contract, only the sum of the payments already deposited will be granted plus 10% simple interest on this amount.
In case of death after 3 years, the difference between the amount already deposited and the agreed sum will be granted by us, provided you are not in arrears on your payments.
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