Friendly Societies

FINANCIAL PRODUCTS

Friendly societies offer financial products for events which come up during the course of people’s lives, including investment bonds, scholarship plans, funeral bonds and risk insurance.

Friendly societies’ financial products involve members of friendly societies investing funds over longer periods – 10 years or more – which qualify for taxation advantages.

Products offered by friendly societies are, among other things, designed to improve and sustain financial and social standards via self-reliance and a savings culture which reduces dependency on government social welfare.

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