Life Cover
- In case of death during the duration of the policy, there is a guaranteed funeral expense benefit payable to the beneficiary
- This Guaranteed Funeral Expense benefit is equal to premium payable during the duration of the policy subject to a minimum of N100,000 and a maximum of N500,000
- Accidental Death Benefit: 200% of the total premium paid is payable for the entire period of cover, subject to a maximum limit of N5,000,000
- Minimum monthly premium of N5,000
- Maximum age at maturity: 65 years
- Minimum policy term: 5 years
- Maximum policy term: 20 years
- Optional Inflation Protector benefit of either 5% or 10% for additional premium
- Premium payment mode: Monthly/Quarterly/Half Yearly/Annually/Single Premium
- Provide tax free lump sum at the end of the selected policy duration
- Grace Period: There is a grace period of 30 days for payment of premium
- A risk premium would be deducted from your regular contribution to provide for your life cover
Maturity Benefit:
At maturity, you will receive full refund of investment premiums and accrued interest on your contribution
Surrender Value:
Your policy can be surrendered for cash if it has been in force and premium has been paid in full. The amount payable shall be subject to a surrender charge.
Eligibility Criteria:
- Minimum age at entry: 18 years
- Maximum age at entry: 60 years
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