In addition to the main policyholder the following people may also be covered on payment of an additional premium:

• Spouse (multiple spouses allowed)
• Siblings (aged over18years)
• Parents and Parents-in-law

For the policyholder

• Minimum sum assured is N500,000
• Maximum sum assured is N5,000,000 For additional people
• Spouse- maximum 100% of the policyholder sum assured
• Others- maximum 50% of the policyholder’s sum assured Increase 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

This policy remain active as long as the policyholder is alive and all regular premium are paid as and when due.

DEATH BENEFIT
The death benefit is the sum assured

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.