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Family Welfare Plan
Family Welfare Plan
An annual renewable term assurance that pays out the sum assured in the event of the policyholders' death.
Entry age
18 years
Maximum Age at Entry
64 years and above
Product Duration
It is a single premium annually renewable policy.
Policy Term
1 year
Cover Options
Four different product Options are available for cover
Premium Payment Frequency
A single premium is payable at policy inception.
Product Types
Premium
Sums Assured
Bronze
N2,500.00
N250,000.00
Silver
N4,000.00
N500,000.00
Gold
N8,000.00
N1,000,000.00
Platinum
N15,000.00
N2,000,000.00
Other plans
Mortgage Plan
This is a decreasing term assurance policy intended to ensure repayment of the mortgage loan in event of death of the Life Assured before full repayment of the mortgage loan on his house.
