Take the uncertainty out of life
If you are saving for a specific goal, such as buying a car or a house, or sending your children to university, you will find this much easier with Assupol’s savings plan
 Compare Our Savings Products Plans | Assupol One Savings Policy from R300per month | Assupol One Tax-Free Savings Policy from R300per month |
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What will my minimum monthly and single premium be? | If the term is less than 10 years: R350 per month otherwise R300 per month
optional single premium: minimum: R5 000 | If the term is less than 10 years: R350 per month otherwise R300 per month
optional single premium: minimum: R5 000 |
Minimum term | 5 years | 5 years |
Maximum term | none | none |
Does the policy have a surrender value? | Yes | Yes |
Can the policy be made paid-up? | Yes | Yes |
Can the policy be used as a security for a loan or be ceded? | Yes | Yes |
Can yearly premium increases be selected? | Yes, up to 20% | Yes, up to 20% |
Are cash withdrawals allowed? | Yes, yearly after 5 years | Yes, from the first year of the policy |
Additional benefits and features |
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Savings Product
By saving an affordable amount each month, you can achieve your financial goals and make yearly cash withdrawals for expenses like school fees, or claim your Assupol One Bonus if you don’t make any cash withdrawals over a fixed period of time. You get your money tax-free when the policy ends.
Your money is paid out tax-free when your policy ends- Education and emergency access: a cash withdrawal can be made every year after the first five years
- Assupol One Bonus rewards you for saving by increasing your policy’s maturity value, depending on the number of withdrawal-free years