PRESCIENT SINKING FUND POLICIES

 
What is it?

 

 

 
How do I contribute?

 

 

Section 1 of the Long-term Insurance Act defines a 'sinking fund policy' as a policy, excluding a life policy, which provides one or more sums of money at a fixed or determinable future date.  A sinking fund was introduced to allow business entities to invest via a long term insurance policy.

 
 
Contributions to the endowment are made in cash as a lump sum at the start of the investment period.  

D and D The Cycle (Pty) Ltd is an authorised financial services provider  FSP No 45863 and a 13b administrator 24/767