Competitive interest rate benchmarked against the average savings rate of top four commercial banks. This is paid to you alongside your accumulated contributions at the end of the policy term.
Minimum policy term is 5-20 years, helping you stay disciplined and accumulate enough money over a long period of time.
Minimum monthly premium is N20,000.
Should the policyholder pass away during the policy term, the sum assured, accumulated contributions and interest would be paid to his/her beneficiary.
Optional Cover for Critical illness and/or Accidental Permanent Disability can be added at an extra premium.
Valid ID
Passport photograph
Duly-filled proposal form
Q: How is the Policy different from a usual bank savings product?
A: Over and on top of your savings account, the policy offers you cover against death, critical illnesses and accidental total and permanent disablement. The interest rate has historically been more competitive than the bank savings account rate.
Q: When can I take money out on the policy?
A: You can take a loan on the policy at any time, and you can repay the loan in accordance with the loan agreement. Partial Surrenders are allowed under this product provided that the policy has been in- force for a minimum of 1 year subject to a minimum amount of N50,000, a maximum amount of 25% of the policy value and limit of one partial surrender to each year. You may surrender the policy at any time subject to surrender penalties.
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