HOSPITAL CASH PLAN
1. What is Hospital Cash Plan?
This is an insurance policy that pays out daily cash benefits if you are hospitalised. The payout from us is designed to help cushion the impact of unexpected medical expenses you incur.
2. Who can apply for cover?
Any individual from the age of 20 to 60
4. What are the benefits?
We will pay N10,000 per day of hospitalisation subject to the maximum number of days you select when you take out the policy
5. When does my cover begin?
Your policy will commence once we receive and accept your application and your first premium payment. There is a waiting period of 14 days from the date the policy commences before you are eligible to claim benefits under this policy.
6. How many days am i covered for?
This will depend on the policy you take. You can select from 7, 14, 21 or 28 days per annum of cover.
7. Do I need to call you first before I go to the hospital?
No, you can notify us while in the hospital or a short time after you’ve been discharged from the hospital.
8. Do I need to submit a medical report before I can buy the plan?
No, you don’t need to.
9. What is the amount of premium I must pay?
The premium you pay depends on the benefit type that you select. The following options are available:
|Plan Options||Benefit|| Premium (N)||No of Days covered|
|3-months||N10,000 per day||2,100||7*|
|6-months||N10,000 per day||4,200||14*|
|9-months||N10,000 per day||6,300||21*|
|12-months||N10,000 per day||8,400||28*|
10. Am I covered for Coronavirus (COVID-19) under this plan?
Yes. You are covered for COVID-19 at no additional cost. If you are admitted to any State-run Centre of Disease for the treatment of COVID-19, we have included an additional benefit that will pay an amount of N9,000 daily to cater for losses or incidental expenses during the time you are being treated in a State-run Centre for Disease Control up to a maximum period of 25 days.
This additional benefit covering COVID-19 is available until May 18th 2020.
11. Does the additional benefit apply only to new customers?
No, the additional benefit applies to new and existing customers. For new customers, there is a 14-day waiting period from policy commencement before this benefit applies.
LIFE INSURANCE PLAN
1. What is the Life Insurance Plan?
It is a plan that helps cover burial expenses in the event of death of the insured.
2. Why should I buy this plan?
It ensures that your loved ones are financially catered for. It helps your dependents and loved ones to pay bills and pay funeral expenses.
3. Who can apply for cover?
Any individual from age 18 to 60
5. What are the benefits?
The benefit ranges from N250, 000 to N2,000,000 depending on the level of cover you choose.
6. What is the policy tenure?
You are continually covered under the policy so long as you continue to pay the premium when it falls due or until you reach age 65.
7. Can I increase my sum assured?
Yes, the sum assured can be increased at any time with payment of an additional premium but is subject to a maximum of N2,000,000.
8. Does this policy cover accidental death?
Yes, it covers both natural and accidental death, including death caused by COVID-19
9. Do I need to declare any pre-existing Medical Condition before accessing this plan?
Yes. It is important that you declare anything about your health that may affect our decision to insure you.
10. When do the benefits commence?
There is a 30 days waiting period before benefits are payable for death by natural causes. There is no waiting period for death by accidental causes.
11. How is my premium calculated?
Premium is calculated based on the level of benefit (sum assured) you select, see table below:
|Sum Assured||Annual Premium|