FlexiSave

FlexiSave

FlexiSave This policy provides policyholders with an avenue for medium to long term savings and a lump sum benefit at the end of the selected duration.

Buy FlexiSave
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
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