Savings Plus Plan

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.

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