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.