FlexiCash

FBN Insurance FlexiCash is an endowment plan that pays the beneficiary the sum assured plus the accrued bonus at the death of the policyholder. In case the policyholder survives the policy, he/she gets the sum assured plus accrued bonus.

It allows the policyholder to live life to the fullest today and at the same time stay protected by allowing for the flexibility of receiving a specified percentage of the sum assured at specified intervals.

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Category:

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

Additional information

p

5000, 10000000

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