How does the ARMLife Tuition Benefit Plan work?

Our Education Plan enables you make dedicated investments towards saving for your child’s education up to University level. It guarantees uninterrupted education as a result of the total permanent disability* or demise of the parent/sponsor.

When can I make payment?

Your payment can be made monthly, quarterly, half yearly and yearly

Can I make payments in foreign currency?

You can only make payment in Naira.

What happens if I miss a payment?

Your life assurance cover ceases when you do not make payments. Your investments will not mature at the rate it should, and you will be charged for the period.

Can I increase my contributions to stay ahead of inflation?

Yes you can. The Plan is a flexible plan that allows you to increase your contribution to enable you cater adequately for your child’s tuition.

What is the tenure of the plan?

You determine the tenure of your plan from a minimum of 5 years up to a maximum of 20 years.

Is the plan transferable?

Yes, the plan can be transferred to another child.

Can I make withdrawals from this plan?

No you cannot make withdrawals. This plan helps you to make dedicated savings to fund your child’s education and cannot be interrupted.

Can I pay cash?

ARMLife does not accept cash payments. We only accept online payments, cheques (in favour of ARMLife  Plc). We will not accept liability for cash payments made for our products.

On the path to taking your Education Benefit Plan? Follow these simple steps

* Simply walk into one of our Living Benefits Centres; talk to one of our Living Benefits officers or visit us online at www.armlife.com.ng

* Select how much Life assurance protection plan you want

* Indicate when you want your ARM Life Eduation Plan to be paid or your chosen term

* Complete your proposal form

* Issue your cheque for the 1st contribution.

* ARM Life will complete the process.

Making the right financial choices now will help you look after their best interests in the years to come! Invest in your child’s future.

About ARM Life Plc

ARMLife Plc  is a leading Life Assurance company in Nigeria with shareholders’ funds in excess of N3.Billion.

We are licensed and regulated by the National Insurance Commission of Nigeria (NAICOM) to underwrite Life, Annuity and Health insurance.