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.
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
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
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
The policyholder will have protection during the term of the plan
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.
The minimum sum assured is N2, 000,000.00 and there is no maximum.
The policy is available at a policy duration of 6, 9, 12,15 & 18 years only
This policy will lapse if premiums are not paid within 90 days after due date
You, as the policy holder, are allowed to make monthly, quarterly, semi-annual, annual or single premium payment