Target Save has insurance cover embedded. It enables a customer to accumulate savings by making regular deposits over a specified term towards a specified goal while still enjoying insurance cover.
At inception the client will choose the target amount that they desire to save and the term they would like to save this amount by. At the end of each month the client will pay a monthly instalment equivalent to Amount/Policy Term.
If the client were to die or be permanently disabled, the amount that Absa Life will pay will be the difference between the cumulative amount and the Target Amount.
As an Accountholder you need to meet the following criteria to qualify for cover: