My Smart Save
My Smart Save is a three payment endowment plan designed to help you achieve a combination of life protection and your long term savings needs.
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This plan will help you make provisions for future events in your life such as funding your children’s education, purchasing a property or just providing the means to buy what you have always dreamed of.
Policy Term
The policy is available at a policy duration of 6, 9, 12,15 & 18 years only
Benefits
DEATH BENEFIT
In the event of death before maturity, we will pay to your nominated beneficiary / beneficiaries:
- A monthly family income benefit of 1% of sum assured until maturity or for a maximum of 10 years
- The sum assured will be paid at maturity.
MATURITY BENEFIT
You will receive the following periodic payments:
- 20% of the sum assured will be paid at the end of one-third of the policy term
- 30% of the sum assured will be paid at the end of two-third of the policy term
- 50% of the sum assured will be paid at maturity
Bonus
The policy offers an annual guaranteed bonus rate of 2% of sum assured. This begins to accrue from the second year and it is payable along with the maturity benefit
Waiting Period
Death caused by natural causes will be subjected to a six months waiting period from the policy commencement date.
Premium Frequency
You, as the policy holder, are allowed to make monthly, quarterly, semi-annual, annual or single premium payment
Sum Assured
The minimum sum assured is N2, 000,000.00 and there is no maximum.