The SavingsPlus Plan is designed to support disciplined savings and ensure steady returns throughout the policy duration (minimum of 3years).The plan will accelerate the growth in your savings and help you build a lumpsum (Maturity Value) that will be required to address your savings target while also providing you free insurance coverage of NGN1million to take care of your loved ones in case of an unfortunate event (death and total permanent disability).
Why You Should Buy The Savings Plus Plan
Lumpsum payment at maturity – savings plus
accrued interest at maturity
Flexibility to choose contribution amount (minimum of NGN20,000) and payment frequency (Monthly, Quarterly (M), Half-yearly (H), Yearly (Y) and Single-Payment/One-Off (S) that matches your
lifestyle
Free Life Insurance Cover of NGN1million per life.
Additional protection can be purchased for your
loved ones through life insurance cover and the
optional Term Assurance rider
-
Savings
- Enjoy competitive returns on your savings
- Savings will be accumulated over a 12 month period.
Life Cover
- Enjoy a life cover ranging from N500,000 to N2,000,000
- Minimum Monthly Savings Contribution starts as low as N10,000
- The Minimum Annual Risk Premium for the life cover starts from as low as N10,000
- The cover is in place for the duration of the policy
- Accidental death is covered from inception of the policywhile death by natural causes is covered 3 months from the inception of the policy
Maturity Benefits:
- At maturity, you will receive full refund of investment premiums plus accrued interest
- The maturity benefits will be available after 12 months
Please do not pay cash to/through our Financial Advisor or staff.
Waiting Period:
- There is a six-month waiting period on this plan
- The Sum Assured will only be payable for death resulting
from accident - For death resulting from natural causes, all premiums
paid to the date of death will be returned - Where policyholders renew automatically, there will be
no waiting period from the first and subsequent
renewals. This will also only apply if the policyholder
continuously renews - Grace Period: There is a grace period of 30 days for
payment of premium
Eligibility Criteria:
- Minimum age: 18 years
- Maximum age: 64 years
Please do not pay cash to/through our Financial Advisor or staff.
Premium can be paid through the following channels:
- Complete a direct debit form
- Complete a standing instruction form with your bank
- Electronic transfer from your account to our account
- Deposit into our bank account
- Savings premium frequencies vary from monthly to
annually
Please include your name and policy number on all payments
Please do not pay cash to/through our Financial Advisor or staff.
Related Product
FlexiSave
This policy provides policyholders with an avenue for medium to long term savings…
