Conversion of the Saver & Protector Plan to the Clientèle Foundation Plan

Clientèle is converting all Saver & Protector Plan policy applications received from the IFA Network, to a Clientèle Foundation Plan. The conversion applies to policy applications with a capture date of 1 August 2010. This does not apply to Saver & Protector Plan policies sold through the IFA Database Sales Centre. The Clientèle IT Department will making the conversion on each and every Saver and Protect Plan policy application received.

The conversion is a positive move as the Clientèle Foundation Plan not only has the benefits same as the Saver & Protector Plan but certain features or benefits have been enhanced. These benefits include:

• The minimum premium on the Clientèle Foundation Plan remains unchanged, a minimum of R100.00 made up of a R70.00 Life Foundation premium and a R30.00 Savings Foundation premium;
• Each paid Clientèle Foundation Plan is worth 1.5 in the bonus calculations every month;
• Earnings on the Life Foundation premium is calculated as per the earnings on the Life Cash Back Plan and earnings on the Savings Foundation premium is 5% spread across 6 levels;
• The Investment Booster enhances IFA savings by boosting the investment account with 6 Life Foundation premiums after the payment of 60 premiums.

Please note again that the conversion only applies to the Saver & Protector Plan policies sold through the IFA Network, and not through the Database Sales Centre. Therefore, existing Saver & Protector Plan application forms can still be used to apply for the new Clientèle Foundation Plan.

For questions on the product conversion you can call 011-320 3000 or email services@ifa.co.za