The FBNInsurance Family Shield is a low cost annual renewable plan aimed at providing financial support in the event of the death or permanent disability of the policyholder. The plan pays the chosen cover amount to the beneficiary of the policyholder to meet immediate financial needs.
The plan is sold on a unit basis. The value of 1 unit is NGN250, 000. This is the minimum annual sum assured Policyholders are free to choose the number of units required subject to a maximum of 4 units (NGN1million). Premium charged are on an annual basis.
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.
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.