Life Insurance

This is an insurance plan that pays out a sum assured value to the beneficiary/beneficiaries upon the demise of the policyholder.

Features of this policy

  • The policy provides a cash benefit (the sum assured) on death of the policyholder.
  • No medical examination is required.
  • The minimum age at entry is 20 years while maximum age at entry is 65 years.
  • You choose an initial sum assured (life cover) between N250,000 and N2m.
  • After the policy commences, the sum assured can be amended at the policyholder’s option.
  • Premium will be paid by the policyholder.
  • There are no surrender or lapse benefits under this policy.
  • There will be a waiting period of 30 days from the policy inception date non accidental death.
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Hospital Cash

This is an insurance plan that pays out daily cash benefits during hospitalisation of the policy holder.

Features of this policy

  • After the third day stay in the hospital, the policy pays out a sum for each day stay.
  • This policy pays daily cash benefits in the form of cash during hospitalization.
  • Cover commences three nights after hospitalization.
  • The minimum age at entry is 20 years while maximum age at entry is 60 years
  • The maximum policy cover is 28 days per year
  • Multiple claims can arise, however a waiting period will apply each time
  • This policy is renewable annually; allowing the policyholder to switch between benefit options.
  • There are no surrender or lapse benefits under this policy.
  • Premiums will be paid annually by the policyholder.