| SAVINGS PLAN | |||
| MIN. AGE AT ENTRY | 18 | ||
| MAX. AGE AT ENTRY | 55 | ||
| MAX AGE AT MATURITY | 60 | ||
| POLICY TERM | MIN - 5YRS. | ||
| S.A OPTIONS | N500,000 - N1m - N2m | ||
| CONTRIBUTIONS | Monthly, Quarterly, Bi-anually, Yearly, Single | ||
| MIN. MONTHLY CONTRIBUTIONS | N10,000 | ||
| MIN. ANNUAL CONTRIBUTIONS | N120,000 | ||
| WITHDRAWAL | 25% of account balance once in a year | ||
| SURRENDER PENALTY | Year 1: 20%; Year 2: 20%; Year 3: 10%; >=4years : Nil No charges on surrender if policy is maintained for a min. of 3 yrs | ||
| BENEFITS | Critical Illness, Permanent & Total Disability | Annual Contributuion | Guaranteed Interest |
| Double Accident Benefit - we pay twice d amount of cover | N60,000 - N120,000 | TB rate minus 5.5% | |
| Maturity Benefit - Accumulated fund + interest | N120,001 - N250,000 | TB rate minus 4.5% | |
| Policy Loans - Subject to account balance and other Policy terms | N250,001 and above | TB rate minus 3.5% | |
| Life premium & Life benefits are tax exempt | Year 4 | NIL | |
| Funeral Expense(optional) - choice of 10% or 20% of the original S.A subject to a Max. amount of N500,000 | |||
| Escalation(optional) of original S.A anually, owing to Inflation/currency devaluation/cost increases - 10%, 15%, 20%. Subject to a max increase of 50% of original S.A. | |||
| Fixed Interest – the interest on this product is linked to Treasury Bills which provides a guaranteed growth of contributions | |||
| •Risk cover coincides with frequency of contribution payment. | |||