My SmartSave

My Smart Save is designed to help you achieve a combination of life protection and your long term savings needs. This plan will help you make provisions for future events in your life such as funding your children's education, purchasing a property or just providing the means to buy what you have always dreamed of.

BENEFIT  

Death Benefit

In the event of death before maturity, we will pay to your nominated beneficiary / beneficiaries:

  • A monthly family income benefit of 1% of sum assured until maturity or for a maximum of 10 years,
  • The sum assured will be paid at maturity

Maturity Benefit

You will receive the following periodic payments:

  • 20% of the sum assured will be paid at the end of one-third of the policy term.
  • 30% of the sum assured will be paid at the end of two-third of the policy term.
  • 50% of the sum assured will be paid at maturity

Bonus

The policy offers an annual guaranteed bonus rate of 2% of sum assured. This begins to accrue from the second year and it is payable along with the maturity benefit

PRODUCT FEATURES  
LIVES COVERED

The policyholder will have protection during the term of the plan

WAITING PERIOD

Death caused by natural causes will be subjected to a three months waiting period from the policy commencement date; or from the date you reinstate this policy; - whichever applies. Only claims for death caused by an accident will be payable during this period.

SUM ASSURED

The minimum sum assured is N2, 000,000.00 and there is no maximum.

POLICY TERM

The policy is available at a policy duration of 6, 9, 12,15 & 18 years only

LAPSE PERIOD

This policy will lapse if premiums are not paid within 90 days after due date

PREMIUM FREQUENCY

You, as the policy holder, are allowed to make monthly, quarterly, semi-annual, annual or single premium payment