Scotia Insurance: Something for everyone
Published:Wednesday | October 2, 2013 | 12:00 AM
As Jamaicans become more savvy about securing a viable financial future for themselves and their families, Scotia Jamaica Life Insurance Company Limited (SJLIC) has packaged a suite of products designed to assist with making the right decisions.
Now in its 15th year, SJLIC's offerings include the very popular Scotia Mint, the market's leading interest sensitive insurance policy that offers attractive tax-free benefits.
Owners can use this to achieve home ownership, retirement and educational goals. The features of a Scotia Mint policy are: financial planning potential; tax-free interest earnings; attractive and competitive interest rates; attractive bonuses for savers who don't make withdrawals before five years; low risk, life insurance coverage and more.
ScotiaBridge is tailor-made for clients who want to ensure that they continue to maintain a comfortable lifestyle post retirement. Jamaican residents who are over 18 and under 68 are qualified for this product. One attractive feature is that if you die before retirement, a death benefit equal to the value of the plan will be payable to your named beneficiary/estate.
For the sick
ScotiaCritiCare is designed to take care of the monumental hospital and other medical bills that accompany illnesses such as heart attack, stroke, cancer, major burns, paralysis, blindness, deafness, loss of speech, and a coma. From a basic amount of $750,000 to a maximum of $3,000,000, the policy holder is entitled to full payment within 48 hours of the first diagnosis. You can also purchase similar health policies from other providers.
For college students
Heritage Education Funds International is an education savings plan that is dedicated to the advancement of higher education for children. Those who buy this policy simply have to agree to save for the first year's tertiary tuition, and the foundation will provide United States dollar cash scholarships towards the next three years.
Get in touch
For this and more information on the range of products provided by SJLIC, you can speak to Hugh Reid, head of the company and his pleasant, knowledgeable team at: http://www.scotiajamaicainsurance.scotiabank.com or http://www.scotiabridge.com or call: 1-888-GO-SJLIC (467-5542), toll free from anywhere in the island, Monday-Friday from 8 a.m. to 5 p.m.