This is an interest sensitive plan available to anyone up to the age of 80 years, which offers a good savings return while providing life coverage.


  • Maximum premium is $5,000 per month
  • Minimum premium is $500 per month

Life Insurance Cover / Death Benefit

This is a fixed amount that varies by age at time of issue. The benefit payable on death is the greater of the sum insured and cash value. The minimum amount paid on death is the sum insured calculated at the date of death.

Unit Allocation

At every anniversary of the issue date the Unit Allocation Amount of each Basic Premium is 100% in each policy year. The Unit Allocation Amounts assume premium taxes at the rate of 3% of each premium and the Company reserves the right to adjust these amounts based on changes in the tax rate.


Units may be encashed from the Interest Fund at any time subject to a minimum encashment value of $3,000 and a transaction fee as determined by the Company.

Cash Surrender Value

The plan can be surrendered at any time for its cash value, which is equal to the value of all units allocated to the plan less a transaction fee.

Non-Payment of Premiums

Thirty days grace is allowed for the payment of any premium from its due date.
Disclaimer: This information leaflet is not a contract of insurance. The information contained herein is intended to provide you with an overview of the Premium Saver plan. Sagicor does not accept liability for the accuracy and completeness of the information provided herein and refer you to your policy contract for full details on the plan.