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
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
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.