My Family Protection Plan​ - Premier

My Family Protection Plan provides financial protection upon the demise of the policyholder or other persons covered under the policy by making a lump sum payment to the beneficiary of the policy.

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The policy is designed to ensure that there is no gap or stoppage in the Education of a child which may occur as a result of death /permanent disability of a parent/guardian responsible for the payment of the fees

In addition to the main policyholder, the following people can also be covered upon the payment of an additional premium:

  • ​Spouse (multiple spouses allowed)
  • Siblings (aged over 18years)
  • ​Parents and Parents-in-law

This policy remains active for as long as the policyholder is alive and all regular premiums are paid as and when due.

For the policyholder

  • Minimum sum assured is N5,000,000
  • Maximum sum assured is N100,000,000

For additional people

  • Spouse-maximum 100% of the policyholder’s sum assured
  • Others-minimum 50% of the policyholder’s sum assured subject to a maximum of N10million

Increases and decreases to sum assured are allowed subject to the maximum sum assured.

  • ​Policyholder minimum entry age: 18 years and maximum of 65 years
  • Spouse maximum age: 60 years
    – Siblings maximum age: 60 years
    – Parents maximum age: 74 years

The death benefit is the sum assured payable as set out above.

If the policyholder passes away due to an accident twice the sum assured is payable.

o A grocery benefit.
o Monthly family support income.

If the policy has been in-force for 5 years the policy will not lapse.

  • The premium is computed based on the age of the persons covered
  • The Premiums are based on the age of the people covered.

The Policyholder will be allowed to make monthly, quarterly, semi-annual or annual premium payments.

There will be a 6 months waiting period for non-accidental death from the start of the policy.

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234(0)12784555 / +234(0)12785500
07040021123 (WhatsApp and Text only)

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13th Floor Civic Towers, Ozumba Mbadiwe Road, Victoria Island, Lagos, Nigeria