Universal Life Assurance Plan

Preparing for the future is an integral part of growth. Growth can only be obtained with knowledge and direction, the CULAP plan helps you make the right decision.

Product Description

The Capital Express Universal Life Assurance Plan (CULAP) combines insurance protection with the possibility of capital accumulation while allowing policyholders enjoy pocket friendly premiums specific to their needs.
CULAP offers value in its commitment to providing an amount not less than the sum assured, payable in the unfortunate demise of the life assured.

Key Features

  • Minimum duration is 5 years
  • Maximum age at entry is 60 years
  • Interest above average savings interest rate
  • Withdraw up to 25% of investment account balance for policy in force for five years minimum
  • Loan up to 70% of investment account balance for policy in force for three years with all contributions/premiums paid
  • Premium payment can be annual, half-yearly, quarterly or monthly
  • Level premiums/contributions throughout the policy term
  • Sum assured equals the annual contribution multiplied by the term (period) of insurance
  • Allocated contributions credited into a dedicated investment account
  • Dedicated investment account opened for each policyholder
  • Surrender benefit is account balance at surrender date after charges
  • Pays the higher of sum assured or investment account balance at demise of the life assured before policy maturity.


  • Provides financial security for the family
  • Usable as a wealth accumulation plan
  • Policy can stand as collateral/security for loan
  • Tax free contributions and maturity benefits
  • Provides accidental death benefit equal to the sum assured
  • Option to convert maturity proceeds to annuity