Professional Investment Plan

This policy is a saving vehicle that provides the policyholder an avenue to accumulate funds over time for the purpose of financially fulfilling a particular project.
Provided the policy is in force, there is life cover for the policy holder.
At maturity, the benefit payable is the balance amount in the policyholder’s investment account.
Return on investment is high। Interest rate is very competitive.
Features
- The policy term ranges from 10 to 30years
- The policyholder must be 18 to 55years old
- Minimum yearly premium is N20,000
- The premium payable remains the same throughout the term of the policy
- There is tax rebate on premium
- Additional contribution is allowed during the term of the policy
- Part or the whole of the maturity proceeds can be used to purchase annuity.
Sum Assured
The Sum Assured is first year premium multiplied by policy term
Withdrawal
On withdrawal in the first policy year, the company will refund the premiums allocated together with 25% of the guaranteed interest.
On withdrawal after the first policy year, but before the second year, the Insurer (company) will refund the premiums allocated together with 75% of the guaranteed interest.
On withdrawal after the policy has been in full force for at least two years, the company will refund the premiums allocated together with 25% of the guaranteed interest.

Life Anticipated Endowment

This policy offers the policyholder guaranteed investment returns and protection. The policy has been designed to give the policyholder the opportunity to receive the sum assured in three instalments.
The first instalment of 25% or 30% of the guaranteed sum assured is paid at the end of one-third of the policy term. The second 25% or 30% of the guaranteed sum assured is paid at the end of two-third of the policy term.
Depending on the option selected, at maturity 50% or 100% of the guaranteed sum assured plus accrued bonuses would be paid.
Features
-The policy term ranges from 6 to 15years
-Maximum entry age is 60 years
-Minimum sum assured (phase value) is N500,000
-Multiple payment options: annually, half-yearly, quarterly, or monthly.
-Tax relief on premium paid.
-The premium payable remians the same throughout the term of the policy
-Regularly (annually) add a simple reversionary bonus of 2% of the guaranteed sum assured, which is 20-30% of premium paid
-Interest free loan is available after the policy has acquired surrender value (at 2nd year)
-The policy could serve as collateral for loan
-Designed as a hedge against inflation
-Payment of policy proceeds according to the policyholder's specification.
Disability Waiver of Premium
This guarantees that should the assured become totally and permanently disabled, the Company will waive all future premiums due on the policy and the sum assured will be paid in line with the original terms of the contract.

Education Insurance

A good education is the most precious legacy parents can leave for their child/children.
The school fees for 5-7 years of university studies are estimated between N250,000 to N1,000,000.
What guarantee do parents/sponsors have regarding the availability of funds for fees on the day their child or dependant will enter the university.
Would it be possible for them to defray the university expenses without disturbing their family budget?
What will be the future of the child/dependant and family if the bread winner/sponsor is not there to face the responsibility?
From which resources will the sponsor/parent disburse, in case of disability?
Your child is so precious that his/her future cannot be left to the hazards of life. Education will enable your child/dependant face the world which becomes more and more oriented towards competition.
Education Insurance Policy is the only plan that can help you guarantee the education of your child/dependant from now.
Features
-Multiple payment options: annually, half-yearly, quarterly, or monthly.
-Tax relief on premium paid.
-Interest free loan is available after the policy has acquired surrender value.
-Payment of policy proceeds according to the policyholder's specification.
Disability Waiver of Premium
This guarantees that should the assured become totally and permanently disabled, the Company will waive all future premiums due on the policy and the sum assured will be paid in line with the original terms of the contract.

Investment Linked Education Assurance

Educating ones child is a huge expenditure that requires serious financial planning।
Many parents are regularly confronted with the challenges of providing for the education of their children and building the education fund requires one form of investment or the other.
Our Investment Linked Education Policy/School Fees Policy is an investment plan designed to help parents to make money available for each level of child’s education। For single individuals, it enables them to further their/their dependant’s education.This policy has been Designed to protect pupils/students from abrupt stoppage of schooling as a result of death or disability of The sponsor before completion of school. It is a savings vehicle for The cost of a chid's education.
Features
-The policy term ranges from 5 to 20years
-The policy holder selects The lump sum as The maturity benefit
-Multiple payment options: annually, half-yearly, quarterly, or monthly
-Tax relief on premium paid
-Interest free loan is available after the policy has acquired surrender value
-Maximum maturity age is 60years
-The policy holder must be 18 to 55 years at entry
-Designed as a hedge against influation

Great Nigeria Insurance

Great Nigeria Insurance Plc was incorporated on 24th February 1960 as a Limited Liability Company but became a member of the Nigerian Stock Exchange (NSE) in 2005 and registered to transact all classes of Insurance Business with a shareholder’s funds in excess of N6 Billion. The Company has a solid financial base, a responsive Board and a dynamic management team. With this background, we are fully focused on customer satisfaction and poised to face the challenges of the 21st century. Over the years, the company had built-up Assets in excess of N7.5 Billion and the company’s imposing edifice; Great Nigeria House at 47-57 Martins Street Lagos, Great Nigeria Insurance Plc Towers at 39/41 Martins Street, GNI Complex at 8, Omo-Osagie Street, Off Awolowo Road, S/W Ikoyi, Lagos which houses its corporate headquarters in Lagos and many other GNI Houses in various locations nationwide, bear eloquent testimony to its great financial strength. Now, a member of the WEMA Group with over 109 on-line real-time distribution outlets and consolidated asset base in excess of N7.5 Billion.
Appointed new management team following change of ownership in September 2006.
Restructuring capital base by increasing share capital to the Billion Naira Mark with N5 Billion currently fully paid-up. Pioneering a new insurance revolution in Nigeria by providing Insurance, Investment, and Property Management under a one stop financial supermarket through 136 branches of Wema Bank nationwide and beyond. Full scale composite insurance company offering broad range of plain and exotic products & services;
Life (GNI Life Assurance Ltd)
General Business
Medical/Health
Financial Services

Introduction

Investment and savings are necessary function in man's economic endeavours. It comes in various forms: Bank savings, Shares, bonds and Insurance Policies.
Of these, the most secured is insurance policy. It is the only savings where the risk is borne by the organisation or insurer instead of the investor or account holder. Through a legal/policy document, the terms of the agreement is binding on both parties which makes the Insurance company conscious of fulfilling it's promise of paying a guaranteed sum, including compound interest and bonuses accrued during a term(period of the endowment).
Take advantage of this medium and seize the opportunity of amassing ingenious wealth.
Benefits:

Savings

Retirement Income

Educational Benefits (Children)

Collateral Security (Policy Loan, Bank)

Protection for Beneficiaries

The Clever Method to Amass Wealth

Tax Relief

Accident Benefit

Policy Loan

Legal Advantage: The court or law enforcement agent have no right to freeze policy holder's account.

Safe from Liquidation.