Non-forfeiture options may be used when the policy owner could no longer afford to continue
paying for premiums that will fall due during the duration of the Policy. This allows Etiqa Philippines to use the
accumulated earnings of the policy contract to ensure continuity of the coverage.
Net Surrender Value
A net surrender value provides the parent or guardian the total cash value earned once the policy
contract is voluntarily terminated before its maturity date.
Paid-Up Insurance
A paid-up insurance option uses the policy’s cash value to pay for all further premiums. Thus,
reducing the total amount of Sum Assured.
Extended Term Insurance
An extended term insurance option allows Etiqa Philippines to use the cash value to purchase a term insurance.
Thus, providing a term life insurance coverage to the child at a given period. The coverage of the term
insurance policy would depend on the amount of cash value earned until the time of forfeiture.