Ministry of Finance Mutual Fund Advisory
Ministry of Finance EFPA Advisory
STIPs Forms
Compassionate Relief
Process for Assignees
Process for Corporate contracts
Process for non-Residents

Notice: The Ministry of Finance advises that there is an extension for the submission of STIPs applications. Please view the advisory here

Short Term Investment Products (STIPs)

Welcome to the Short Term Investment Products (STIPs) information page. Here you will find all the information you need to understand the payout process as initiated by the Ministry of Finance. If you are already familiar with the process, you can access the forms here.

Which products are considered Short Term Investment Products?

These products include:

  • Executive Flexible Premium Annuity (EFPA), including EFPA II, EFPA IV and ESPA
  • Colonial Life Core Fund Series 6 (CSI)
  • Group Advanced Protection (GAP)
  • Guaranteed Annuity Advanced Performance Policy (GAAPP)

When will the Payment Process begin?

Applications will be processed in alphabetical order as listed below. Persons who are unable to make these appointed dates are kindly requested to visit the Processing Centres after April 27th, 2011.

Surname Processing Date
A-B March 10, 11, 14, 15
C-F March 16, 17, 18, 21
G-J March 22, 23, 24, 25
K-L March 28, 29, 31; April 1
M-O April 4, 5, 6, 7
P-R April 8, 11, 12, 13
S-V April 14, 15, 18, 19
W-Z April 20, 21, 26, 27

Processing Centres

The processing centres listed below will be open Monday to Friday from 8 a.m. to 4 p.m.

Agency Address Telephone Number
CLICO Head Office 29, St. Vincent Street, Port of Spain 671-7224
CLICO Chaguanas Branch Office 24, Mulchan Seuchan Road, Chaguanas 671-4261-2/671-9772/672-2118-20
CLICO Cipero Street Branch Office 124, Cipero Street, Gooding Village, San Fernando 653-9629/653-9683/653-2226/657-6425/657-9710
Tobago Branch Office Corner Northside Rd and Claude Noel Highway, Scarborough 639-6106/639-1576
Tunapuna Branch Office 10, Eastern Main Road, Tunapuna 663-0745/662-5379/662-3695/662-4412

Documents which must accompany application forms:

  • Valid identification (ID Card, Passport, Driver's Permit - copy required)
  • Original contract (If lost, a Statutory Declaration of Lost Policy Form witnessed by a Commissioner of Affidavits)
  • Release of Assignment duly stamped by the Board of Inland Revenue (if applicable)
  • Notarized letter and ID for clients residing abroad
  • Power of Attorney (where applicable)
  • Deed of Assignment Declaration of Trust Schedule I or Deed of Assignment Declaration of Trust Schedule II and Signed Statutory Declaration Form (and witnessed by a Commissioner of Affidavits) - (Please print this form on both sides on legal sized paper - 8.5 x 14 inches).
  • Signed Statutory Declaration Form (and witnessed by a Commissioner of Affidavits)
  • For Contracts where there are joint owners ("AND/OR", "AND"), all owners MUST sign
  • Official documentation with respect to Owner's Bank, Branch and Bank account number

Other important information:

  • Values payable were independently validated
  • For each contract $75,000 or less, a separate application form must be submitted
  • Monies that are to be paid to Contract Owners will be deposited directly into their Bank account
  • Cheques will be issued to Contract Owners or Eligible Payees if they do not have a local Bank account
  • All foreign currency funds will be paid in TT dollar equivalent
  • The closing date for applications will be September 30th, 2011

Forms

Download and print the forms that are relevant to you. All forms must be printed on legal sized paper - 8.5 x 14 inches.

Note: Forms require Adobe Acrobat Reader, which is freely available by clicking the icon below (link opens in new window).

Form Purpose
Payment Request Application Form This form MUST be completed by all clients to access the Principal Balance on their Short Term Investment Products (STIPs). (Please print this form on legal sized paper - 8.5 x 14 inches).
Statutory Declaration of Lost Policy Form This form must be completed by clients who have lost their original STIPs contract and be witnessed by a Commissioner of Affidavits. The policy will be advertised in the press and final processing will begin six weeks thereafter. (Please print this form on legal sized paper - 8.5 x 14 inches).
Third Party Statutory Declaration Form This form must be completed by all clients to confirm that they are neither presently nor have been in 2008 - 2009 a Director or Officer of CLICO Investment Bank, Colonial Life Insurance Company [Trinidad] Limited, British American Insurance Company (Trinidad) Limited, Caribbean Money Market Brokers or CL Financial Limited. (See definition of 3rd Party here). The form must be witnessed by a Commissioner of Affidavits. (Please print this form on legal-sized paper 8.5 x 14 inches).
Deed of Assignment Declaration of Trust - Schedule 1 This is to be completed by clients whose policies are NOT ASSIGNED. (Please print this form on both sides on legal sized paper - 8.5 x 14 inches).
Deed of Assignment Declaration of Trust - Schedule 2 This is to be completed if your policy is ASSIGNED to a bank or other institution. This form must be completed by BOTH Owner & Assignee. (Please print this form on both sides on legal sized paper - 8.5 x 14 inches).
Mutual Funds Lost Certificate Declaration Form This form must be completed by clients who have lost their original Mutual Funds contract and be witnessed by a Commissioner of Affidavits. The contract will be advertised in the press and final processing will begin six weeks thereafter. (Please print this form on legal sized paper - 8.5 x 14 inches).
Mutual Funds Deed of Trust - Schedule I This form must be downloaded only by CSI Unit holders who reside outside of the Republic of Trinidad and Tobago. The form must be Notarized. (Please print this form on both sides on legal sized paper - 8.5 x 14 inches).
Mutual Funds Deed of Trust - Schedule II This form is applicable to STIPs Mutual Fund CSI 6 contracts that are assigned and is to be completed in quadruplicate. (Please print this form on both sides on legal sized paper - 8.5 x 14 inches).
Mutual Funds Third Party Statutory Declaration Form - Schedule III This form must be completed by all clients to confirm that they are neither presently nor have been in 2008 - 2009 a Director or Officer of CLICO Investment Bank, Colonial Life Insurance Company [Trinidad] Limited, British American Insurance Company (Trinidad) Limited, Caribbean Money Market Brokers or CL Financial Limited. (See definition of 3rd Party here). The form must be witnessed by a Commissioner of Affidavits. (Please print this form on legal sized paper - 8.5 x 14 inches).

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