Family Shield

Take advantage of an annual renewable plan that provides death and permanent disability coverage.



Family Shield is an annual renewable plan that provides cover for death and permanent disability (resulting from accident only). It also provides for an additional lumpsum amount payable to cover for funeral expenses.

product details

Product features
  • A minimum annual premium of N10,000 per annum
  • Duration of plan: One Year
  • No medicals required
  • Death benefit amount (NGN1million)
  • Permanent Disability amount (NGN1million)
  • Funeral benefit amount of NGN100,000
  • Payable only on death (from all causes) of the customer
  • There is a 3-month waiting period for death from natural causes
  • If death is as a result of an accident, when the policy is in the waiting period, the Company will pay out the full amount of cover
Eligibility Criteria
  • Minimum age at entry: 18 years
  • Maximum age at entry: 64 years
Waiting Period

There is a waiting period of 3 months for death resulting from natural causes. This will only apply in the first policy year. Where policyholders renew automatically, there will be no waiting period from the first and subsequent renewals. This will also only apply if policyholder continuously renew.

Policy Duration

The plan duration is 1 year. Policyholder can elect to renew cover after a 12-month period.


There is no provision for cancellation or return of premium under this plan.

Maturity Benefits

There is no maturity payment in the plan.

Surrender Benefits

This a pure risk policy and do not have any surrender benefit. There is no maturity payment in the plan.


The company will consider Death Claims subject to the following conditions:

  • The Policy must be active
  • Claims will be paid only for accidental deaths occurring during the three-month waiting period.
Claims Payment

In case of the policyholder’s demise, a claim can be made on the policy provided the company has accepted the application, received the premium and had confirmed this information to you either via email or text message. However, there is a waiting period on this policy.


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