Hollard Guaranteed Growth - giving you reassurance

Rates are revised weekly and are valid from the Monday to Saturday of each week. The rates are applicable on the date that you deposit your funds into the Hollard Wealth bank account and all completed paperwork has been received.

Policies incept on the 1^st day of any given month. From the time your money is received by Hollard to the date of inception of the policy, you will be credited with interest. Please note the interest amount is already taken into account at quotation stage and included in the rate of return and therefore the Maturity Value. Hollard Wealth assumes the funds are received on the Monday of each week. Therefore, interest is calculated from the Monday until the day of commencement.

Due to the nature of this policy the 30-day cooling off period is not appropriate.

The minimum amount you can invest is R 100,000.

The Guaranteed Growth Investment has a five-year term.

Any South African resident 18 years old last birthday and 80 next birthday may invest in the Guaranteed Growth as well as Trusts where the trustees and beneficiaries are all individuals. This product is not available to Pension Funds, Companies (including Section 21 companies), Close Corporations or Company Trusts.

Upon death of the life assured, a death benefit will be paid out to the beneficiaries and the policy will cease to exist.

• Where no previous part surrender has been taken, the death benefit is guaranteed to be the greater of the initial single premium and the fair value of the policy at the time of claim.
• Where a part surrender has been taken from the policy, the death benefit will be the fair value of the policy at the time of claim.

One part or full surrender may be taken out on the policy.

A new policy value and related new maturity value will be calculated using market rates at the time of surrender. Please note a surrender charge of 1.00% will be calculated on the lesser of the endowment premium and the surrender value and will be subject to a minimum of R500.00.

• Collateral Cession

  The policyholder may use this policy as security to raise a loan from a lending agency or registered South African bank. The value of such security is at the sole discretion of the cessionary and will in no way imply any liability, either directly or indirectly, on behalf of Hollard Wealth.

• Outright Cession

  Hollard Wealth will record a cession of the policy upon the receipt of a written request to do so, and will note the cession without expressing any opinion on the validity thereof.

Unfortunately, Hollard does not permit a loan to be taken on the policy.

The investment maturity is not subject to CGT in the hands of the original policy owner, under current legislation.

Yes, your return will be guaranteed if the policy is in force for the 5-year term. In addition to this, any change in tax legislation made by the government may affect the guarantee of the returns. In addition a part surrender taken during the five year term will affect the return.