Group Welfare Plan

Group
Welfare Plan

Benefit from a savings plan for your short-term projects or as part of partial retirement.

Features

Discover product features

This is a savings plan that would help achieve short term targets or as part retirement arrangement

Contribution could be made monthly or annually

Minimum monthly contribution of N5,000 and death cover up to N2,000,000

Guaranteed Interest rate of 4% (depending on the number of the lives assured) on savings contribution (subject to CBN MPR)

No deduction from savings contribution to pay for Life Cover

The plan pays the cash value (Savings Contribution plus Interest) at maturity of the policy

Upon the passing of any member of the group during the policy duration, the sum assured chosen is paid together with the cash value to beneficiary(ies)

Policy could, in addition, be combined with medical and funeral expenses

No medical examination is required

For death benefits, the maximum age at exit is 70 years. There is no age limit for contribution

Sanlam supports you on a daily basis

Life Insurance

General Insurance

Agriculture Insurance

Sanlam General Agricultural Insurance Products are designed to protect farmers against financial losses and give farmers peace of mind against these risks and uncertainties.Introduction Agriculture is fraught with a lot of risks and uncertainties. Risks such a...

Bonds

Benefit from a payment guarantee in the event of non-performance by a contractor. Find our Sales Outlets Variants The product is available in three variants : Bid BondThis Bond guarantees that the Contractor, if successful in the biding process, will satisfy...

Contractor All Risk

Sanlam himself is the pain that loves, the main guy is comfortable.But my makeup is pure of course. Find our Sales Outlets

Electronic/Electrical Equipment all Risks

This product offers compensation for losses on an insured item (such as IT/Exchange/Network/Musical equipment) due to sudden and unforeseen perils like fire, earthquake, flood, lightening, burglary, etc. Find our Sales Outlets <p style="text-align: center;...

Fire and Special Perils Plan

Offers financial indemnity for losses as a result of Fire, Lightening, earthquake, tornado, bushfire, tempest, impact, flood, subterranean fire, and explosion. etc... Find our Sales Outlets

Goods-in-Transit Plan

This is suitable for the import of goods being conveyed by sea or air from outside Nigeria. Find our Sales Outlets

Machinery Breakdown

This policy offers cover on the insured machinery for fortuitous physical damage arising when the machinery is at rest in use, mishandled by operators, loosening of parts, vibration etc. Find our Sales Outlets <p style="text-align: center;">[get_quote_b...

Marine/Cargo Insurance Plan

His is suitable for the import of goods being conveyed by sea or air from outside Nigeria. Find our Sales Outlets

Plant All Risks Insurance

This Product offers compensation for financial expense arising from legal liability incurred due to the use or consumption of goods or products. Find our Sales Outlets <p style="text-align: center;">[get_quote_button]</p>[get_quote_button]

Product Liability Insurance

This insurance to provide financial compensation for injury from an accident or bodily harm to any member of the public arising from the use of the facility. Business premises, Industrial sites, construction sites, Hotels, Public Buildings, Private buildings, ...

Professional Indemnity Plan

Benefit from indemnities following professional financial losses. Find our Sales Outlets

Public Liability Insurance

All risks insurance covers sudden unforeseen losses to the plant including fire, burglary, theft, earthquake, storm and flood, collision and overturning all coming from an external source to the machinery. Find our Sales Outlets <p style="text-align: cente...

Directors & Officers Liability

Directors & Officers Liability This is an insurance taken out in favour of Directors and key Officers of a Company for liability claims against them while dispensing their duties in their official capacity. Find our Sales Outlets <p style="text-align: ...

Erection all Risks

Cover damage to contracted work, as well as machinery on and liability. Find our Sales Outlets

Money Insurance

This Insurance offers indemnity against the loss of money, money order, and recharge cards etc. arising from actual theft. Financial Institutions and business concerns can take out this policy with defined limits Find our Sales Outlets <p style="text-align...

Oil & Gas Insurance

Oil & Gas Insurance Cover direct losses that may occur in the event of fire or sudden damage. Find our Sales Outlets

Credit Life Assurance Plan

Subscribe and insure the repayment of debts in the event of death, disability or loss of employment. Find our Sales Outlets

KeyMan Assurance Plan

Benefit from an insurance policy for your business in the event of the death of the key manager. Find our Sales Outlets

Mortgage Protection Plan

Assurance is a policy that guarantees the payment of outstanding balance in respect of the loan given by a financial institution. Find our Sales Outlets

Term Assurance Plan

This policy provides a sum assured to named beneficiary(ies) upon the death of the policy holder within a specified period of time (i.e. policy duration). Find our Sales Outlets

Tuition Protection Plan

Secure your children's future with an offer that covers school fees in the event of death. Find our Sales Outlets

Welfare Protection Assurance Plan

Welfare Protection Assurance is an annual renewable policy which provides a lump sum benefit to the beneficiary/beneficiaries of a deceased member of an organisation/association. Find our Sales Outlets

SmartHealth International Plan

Take advantage of a unique health solution and access international medical treatment. Find our Sales Outlets

Group Life Assurance Plan

Provide members of your company with a protection plan in the event of death or permanent disability. Find our Sales Outlets

Discover product features

Sanlam supports you on a daily basis

Contact our advisors

Group
Welfare Plan