My School Fees Protection Plan
With this product you can provide a benefit equal to the outstanding fee of your children/wards for the reminder of the academic program in the event of;
- Death of parent/ guardians/ sponsors
- Total Permanent disability of sponsor resulting from accident
Sponsor contracting any of the named critical illness

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Duration
This is a one-year renewable plan which is available in individual and group version
Premium Frequency
Premiums is only paid once at the beginning of a school session
Sum Assured
The minimum sum assured on this policy is N250,000.00 and there is no maximum
Death Benefits
In the event of the policyholder dying during the policy term before the graduation of the named child, the guaranteed sum assured will be paid to the deceased’s nominated beneficiary/beneficiaries or guardian for the child’s payment of future school.
Total Permanent Disability/Critical Illness Benefit
In the event of the policyholder becoming permanently disabled or diagnosed with a critical illness while the policy is still active and the waiting period has been satisfied, the guaranteed sum assured will be paid for the payment of the future school fees.
Cash Back Benefit
The policy provides an annual cashback benefit to individual policyholders at the end of each policy year provided no claim is made during the period. This benefit is a percentage of premiums paid during the year
Payment
Cash is not an acceptable means of payment. Please note our staff are not allowed to collect cash, hence, do not give cash or transfer funds to the personal account of any staff for premium or contribution payment.
Waiting Period
There will be a 3-month waiting period for individual version and no waiting period for group version of this product.
Surrender Value
The policy does not provide any cash value in case of surrender before the policy maturity date.
Reinstatement Period
If your premium is not received after the 30 days grace period, the policy will enter a reinstatement period. Within 12 months from the date the policy enters a reinstatement period, you may pay all missed regular premium and we will automatically reinstate your policy. The policy may be reinstated (activated) in accordance with the terms and conditions that we may specify at the time of reinstatement. You will only be entitled to your accumulated fund value during the reinstatement period.