Group Welfare Plan

Group
Welfare Plan

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

Features

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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

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Group
Welfare Plan