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Education Savings Plan

Are you planning towards retirement expenses?  This Investment-linked  insurance solution provides the opportunity to save funds for a specific duration for with an embedded insurance covering the risk of demise and permanent disability 

Our Flexible Investment-linked Education Savings Plan has the following features 

  • Flexible premium payment plan either monthly or annually
  • Minimum contribution of 5,000 monthly or N60,000 annually 
  • Minimum duration of 3years
  • Entry age: 18 to 62 years
  • Part withdrawal: Up to 50% of accumulated principal after 2 years
  • Return on investment is Index Linked
  • Life Cover of 20 times contribution subject to minimum of N100,000 & maximum of N10,000,000 at customer's discretion

Benefits 

  • Enjoy life cover while saving toward financial goal
  • Limited underwriting for your convenience 
  • Flexible but high return on investment
  • Security for obtaining loan facility from Financial institutions
  • Succor in the event of demise or permanent disability
  • Premiums are tax deductible

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Total

  • ₦5,000.00

Education Savings Plan

Document Requirements

  • Means of Identification (International Passport, Driver's License, National ID etc.)
  • Utility Bill
  • Completed Online Form
  • Passport of Beneficiaries
  • Completed Medical Questionnaire (where the policy holder has a pre-existing medical condition)

Claims Documentation

  • Completed claims form
  • Executed Discharge Voucher 
  • Medical Certificate of Cause of Death/Death Certificate 
  • Beneficiary Valid Means of Identification & utility bill
  • Police report (if death is by road accident)
  • Medical Doctor’s Report (For PD)

Withdrawal Documentation

  • Completed Pay-out Form
  • Valid means of identification of the policyholder
  • Executed Discharge Voucher

    Note: Withdrawal before maturity might incur penalties on the “beyond insurance” incentives.

Benefits

Are you planning towards retirement expenses?  This Investment-linked  insurance solution provides the opportunity to save funds for a specific duration for with an embedded insurance covering the risk of demise and permanent disability 

Our Flexible Investment-linked Education Savings Plan has the following features 

  • Flexible premium payment plan either monthly or annually
  • Minimum contribution of 5,000 monthly or N60,000 annually 
  • Minimum duration of 3years
  • Entry age: 18 to 62 years
  • Part withdrawal: Up to 50% of accumulated principal after 2 years
  • Return on investment is Index Linked
  • Life Cover of 20 times contribution subject to minimum of N100,000 & maximum of N10,000,000 at customer's discretion

Benefits 

  • Enjoy life cover while saving toward financial goal
  • Limited underwriting for your convenience 
  • Flexible but high return on investment
  • Security for obtaining loan facility from Financial institutions
  • Succor in the event of demise or permanent disability
  • Premiums are tax deductible
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You will need the following to incept the policies:

  • Valid ID 
  • Passport photograph 
  • Proof of Address (Recent utility Bill)

Please note that the policy document for the HMO component of this bundle will be sent to the policyholder's email within 48 hrs 

Document Requirements

  • Means of Identification (International Passport, Driver's License, National ID etc.)
  • Utility Bill
  • Completed Online Form
  • Passport of Beneficiaries
  • Completed Medical Questionnaire (where the policy holder has a pre-existing medical condition)

Claims Documentation

  • Completed claims form
  • Executed Discharge Voucher 
  • Medical Certificate of Cause of Death/Death Certificate 
  • Beneficiary Valid Means of Identification & utility bill
  • Police report (if death is by road accident)
  • Medical Doctor’s Report (For PD)

Withdrawal Documentation

  • Completed Pay-out Form
  • Valid means of identification of the policyholder
  • Executed Discharge Voucher

    Note: Withdrawal before maturity might incur penalties on the “beyond insurance” incentives.

Product questions

  • Habeeb Adeeyo
    Apr 2, 2023, 08:32

    What's the return on the educational insurance investment after 3 years?

    Administrator
    Apr 12, 2023, 13:27

    The minimum is 3% per annum. So, it is 3% and above.