Are you looking for a safe and secure way to set funds aside? Then EasySave is for you. EasySave is an insurance policy designed for individuals who want to save for various short-term financial goals with interest payable on your insurance premium plus a life cover.
- There is a non-refundable, one-off annual premium payable at inception to provide for the life cover
- A minimum monthly premium of N5, 000 for one year represents the investment premium
- No medicals required
- Maximum age at maturity: 65 years
- Premium payment mode: Monthly/Quarterly/Half Yearly/Annually/Single Premium
- Provides tax free lump sum at the end of the selected policy duration
- At maturity, you will receive full refund of investment premiums plus accrued interest
- The maturity benefits will be available after 12 months
- Life cover ranging from N500, 000 to N2, 000,000 on the life of the policy holder
- You can pay a premium of N5, 000 minimum and a maximum of N20, 000 while applicable benefit is N500, 000 up to N2, 000,000. These benefits are only payable in the event of the death of the policyholder
- There is a 10% charge deductible from the total investment premium paid should the policyholder decide to terminate the policy before 12 months.
There is a waiting period of 3 months in the event that the policyholder dies from natural causes.
- Minimum age: 18 years
- Maximum age: 64 years
Your policy can be surrendered for cash if it has been in force and premium has been paid in full. This will attract a 10% charge from the total premium contribution