Leadway Savings Plan
Leadway Savings Plan is a product designed to assist you save towards a brighter future while offering a protection cover should the unexpected occur.
This policy allows you to make savings contribution which accumulates interest at Leadway Rate during the term of the policy.
There is a compulsory Life Insurance of ₦1,000,000.00 included in the policy.
With the Leadway Savings Plan you can save for the future with the confidence that you have cover if the unexpected should happen.
You make regular contributions into the Policy – which can be as little as ₦7,500.00 a month – and those funds earn interest at Leadway’s standard interest rate. All interest earnings are tax-free.
The mandatory cover is ₦1,000,000.00 so that amount payable in the case of death is the accumulated savings with interest plus the Life Cover of N1m. This cover can be increased by payment of additional premium.
You may also extend cover to include where you contract certain named critical illnesses or become permanently disabled because of an accident. Additional Premium is charged for these as well.
You decide how frequently to make your contributions -– monthly, quarterly, half-yearly or annually Those contributions qualify for tax relief. After the Policy’s second anniversary, you can take out a loan against your savings balance. And you can manage your Policy online or using our mobile app.
You have the right to cancel your policy and receive a full refund of premiums paid if you do so within 30 days of receipt of the full policy documentation.
Please click here to download the policy brochure to know the features and benefits relating to this product to ensure it fully meets your requirement.
Click here to get the product application form.
To take out this cover,
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Or call 01-2800700 to speak with one of our Customer Service care team.