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Tang VIP Plan

The Tang VIP Plan is a deposit-based savings plan which pays out a chosen sum assured in addition to the accumulated fund value on death within the one-year policy term.

Entry Age

18 years

Maximum age at maturity

The maximum age at maturity is 65 years (ANB).

Change of Beneficiary

The Policyholder can revise the beneficiaries and/or the proportion of their entitlements of either the Death Benefit and/or the Maturity Benefit at any time during the Tenure of the Policy.

Minimum Annual Contribution

The minimum annual contribution is N500,000.00 and is payable as a single contribution.

Policy Term

The product is available at policy duration for 12 months only.

Benefit Type

Death AND Maturity only Benefit.

Premium Payment Frequency

Premium is payable as single premium.

Claims Procedures

Claim Documentations

a) Medical Certificate of cause of death
b) Valid proof of identity of named beneficiary (on the death of the policyholder).
c) Police Report if death was caused by Accident, copy of Life Assured identity.

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.

Family Welfare Plan

An annual renewable term assurance that pays out the sum assured in the event of the policyholders' death.

Triple Plan

An anticipated endowment plan that pays out benefits at 1/3, 2/3 period and at the end of the policy term in the ratio of 30% (25%), 30% (25%) and 100% of the sum assured.