Policyholder gets periodic cashflow as described below:

• 25% of the sum assured will be paid at the end of the fourth year
• 25% of the sum assured will be paid mid-way through the outstanding duration after the first payment.
• 100% of the sum assured plus all accrued bonuses will be paid at maturity
• Minimum monthly premium is N5,000
• Maximum age at maturity: 65 years
• Minimum policy term: 6 years
• Maximum policy term: 16 years

Full Sum Assured plus accrued bonus is payable in the event of the death of the policyholder. This is in addition to the partial maturity benefit already paid to date.

• Minimum age at entry: 18 years
• Maximum age at entry: 59 years

You can surrender your policy after 12 months if you pay your premium regularly but there will be a surrender charge.

The policyholder has the right to cancel the policy within 30 days of commencement and receive all premiums paid provided that no benefit has been paid or claimed.

Waiting Period

• There is a six-month waiting period on this policy
• The Sum Assured will only be payable for death resulting from accident
• For death resulting from natural causes, all premiums paid to the date of death will be returned
• Where policyholders renew automatically, there will be no waiting period from the first and subsequent renewals. This will also only apply if the policyholder continuously renews
• Grace Period: There is a grace period of 30 days for payment of premium