Postbox: PostNet Suite #231
Private Bag X16
At idu we strive to develop products and technologies designed to enhance and simplify the process of financial management within organisation. Of key importance to idu is that all our products are architectured in a manner that enables them to work outside of the realms of our clients financial or erp systems, thereby allowing information to be presented and interacted with without impacting on operational systems.
The so-called conventional contract that, like the non-profit contract, provides a guaranteed benefit (the sum insured) and then offers the benefit of this guaranteed sum insured being increased by participation in the surplus created by the insurer. This surplus is distributed by way of regularly declared "reversionary bonuses" that are added to the sum insured and paid in full when there is a claim on death or on maturity. The amount of surplus ...