Savings bonds shall provide for the termination conditions that the Company invokes vis-à-vis a bondholder due to their delay in paying the Premiums.

However, the contract may be terminated before the lapse of (3) three months from the due date of the Premium and the bondholder failing to pay the premium. In case the bond is nominal, such period shall apply from the date of notifying the bondholder by way of a registered letter.

Such bonds shall provide for the devolution of rights thereto to the Beneficiaries due to the bondholder’s death, without imposing additional amounts or new requirements.

The CBUAE shall determine other data that must be included in the savings bonds.