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Q. Does my contribution accrue interest from the date of payment?

A. This is a DEFINED BENEFIT policy and not a SAVINGS POLICY. Interest rates are not credited to your account. The benefits payable are defined from inception, and we invest portions of your premium towards meeting our obligation to provide cash benefits promised, provided premiums are paid as and when due.

Q. What happens if I miss a payment?

A. When a policy lapses as a result of non-payment of premiums on their due dates, the policy will attract a reinstatement fee to compensate for lost investment returns. The rate is subject to change at any time by Leadway. If the period of non-payment exceeds a year, Leadway reserves the right to re-assess the risk before renewing cover.

Q. What are the options for the guardian of my child?


A. In this policy, the beneficiary represents the person to whom you would want the benefit to be paid directly to. This could be your spouse, relative, and child’s school, Trustee or Parent Teacher’s Association of your child’s school. We advise you nominate a Guardian-at-law to administer the benefits in your stead where the child is a minor.