PROTECTION PLAN |
|
PLAN TYPES |
LIMITED PROTECTION PLAN(TERM) & PERMANENT PROTECTION PLAN(WHOLE) |
PAYMENT OPTIONS |
MIN TENURE |
1year |
Cheque |
MIN. AGE AT ENTRY |
18 |
Direct Debit |
MAX AGE AT ENTRY(WHOLE) |
65 |
Online |
MAX AGE AT ENTRY(TERM) |
68 |
ATM |
MAX AGE AT MATURITY |
70 |
Bank Transfer |
MIN S.A |
N250,000 |
|
WITHDRAWAL |
None whatsoever |
|
ADDITIONAL COVER(optional) |
Critical Illness - 100% S.A will be paid |
|
|
Permanent & Total Disability |
|
|
Double Accident Benefit(twice d amount of cover) |
|
BENEFITS |
Medical Examination is free |
|
|
Premium remain fixed for the duration of policy |
|
|
Policy can be used as a loan collateral(only under the Permanent Protection Plan(Whole Life) |
|
|
A tax-free S.A |
|
|
Contribution is tax deductible |
|