Our Products

CHILDREN WELFARE PLAN

 

This is a pure endowment policy written on non-medical basis. The policy provides three (3) distinct benefits for which a proposer may choose any combination thereof.

 

CHILDREN STARTER PLAN

 

This is a savings and protection insurance plan that aims to finance the future education of a child at SHS and/or University including accommodation expenses.

 

SIDELINE OCCUPATION POLICY (SOP) 5, VISION 10 & 15.

 

This is a with-profit endowment policy that can be purchased for a period of 5, 10 or 15 years. The policy intends to assist the assured to establish a sideline business to the normal business of the assured, to serve as another source of income while in employment and as an employment for the assured on retirement.

 

 

 

RETIREMENT ASSURANCE PLAN (RAP).

 

Surely, a time will come where an employee will be retired. Unfortunately, at the time of retirement, one’s ability to work to generate income reduces whereas the need for income increases due to natural health challenges associated with old age.

Retirement assurance plan is therefore a complimentary policy recommended for everybody, employee or self-employed to supplement the SSNIT pension or as a pension for entrepreneurs.

 

MASTER PLAN POLICY

This is an investment plan that guarantees the extra security of life insurance over. The policy is designed to afford the policyholder the benefit of receiving part of the sum assured by installments before maturity date.

In the event of death within the duration of the policy, the full sum assured would be paid without deducting the installments earlier paid to the policyholder.

 

It is therefore a “double, triple or quadruple action plan” depending on the choice of the proposer. The insured does not wait till maturity before enjoying from the cover.

 

 

CREDIT LIFE

 

If one takes a loan from the bank or a lender, without an insurance cover, a collateral security will be required. One may use his property – building or land or both, car etc.

In the event of death, disability or loss of job through redundancy before full repayment of the loan, the asset will be sold by the lender to pay-off the outstanding loan. One can imagine the financial effect of the action on the borrower.

 

This credit life assurance plan is designed to offer protection to policyholders from the financial consequences of their inability to repay the outstanding loan due to Death, Disability and Loss of employment due to redundancy.

 

 

MORTGAGE PROTECTION PLAN

 

This policy is designed for any one who by means of mortgage loan has purchased or built a house.

In the event of premature death or in the event of being diagnosed of a critical illness before the mortgage is fully repaid, the policy assures that one’s family is left with a house free from all financial distress.

 

GROUP LIFE

 

This policy aims at providing life insurance cover for groups of people. It may be a group of employees, members of a club, mosque, society, church, association etc.

 

Employers and other associations have responsibilities under their conditions of employment to pay funeral expenses and other benefits to dependants of an employee who die during and in the course of employment.

 

This policy is designed to provide benefits to nominated beneficiaries of any group member who die within the duration of the policy.