Covers death, permanent disability (optional) and Critical Illness (optional).
You can choose an annual escalation rate of 5%, 10%, or 15%. With this option, all selected benefits will increase by the chosen rate on each policy anniversary.
Cash benefits of up to 10% of your annual premium, for every year of no claims; provided the policy has run for 2 or more consecutive claim-free years.
Duly-filled proposal form
Valid means of identification
Recent passport photograph
Q: Does my premium accrue interest from date of payment?
A: Leadway Lifestyle Protection is a comprehensive risk plan and not a savings plan. You only determine what sum assured you want and you pay the premium advised. For as long as the premium is paid as and when due, the benefit is assured, should any of the covered risk events occur during the term of the policy. There is no interest element on your premiums.
Q: What factors will determine my premium payable?
A: Other than the benefit amount and optional covers you choose, your current age, escalation rate, and the policy term will impact the premium. The older you are and the longer your policy term, the more premium you are likely to be charged.
Q: If I choose N5m as my life cover sum assured and choose a 5 years benefit payment period, what would my beneficiary get if I die?
A: Your beneficiary will be paid N5m each year for 5 years from the time of death. If the sum assured is greater than N10 million, then the client would be required to go for a medical check-up.
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