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Overview

Group EasySave encourages regular savings while at the same guarantees payment of agreed sum at death.

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Benefits
  • This is a savings plan that would help achieve short term targets or as part retirement arrangement.
  • Contribution could be made monthly or annually.
  • Minimum monthly contribution of N5,000 and death cover up to N1,000,000.
  • Guaranteed Interest rate of 4% (depending on the volume) on savings contribution (subject to CBN MPR).
  • No deduction from savings contribution to pay for Life Cover.
  • The plan pays the cash value (Savings Contribution plus Interest) at maturity of the policy.
  • Upon death within the policy duration, the sum assured chosen is paid together with the cash value.
  • Policy could, in addition, be combined with Medical and Funeral Expenses.
  • The accidental cover must show physical evidence and as a result of accident.
  • No medical examination is required.
  • For death benefits, the maximum age at exit is 70 years. There is no age limit for contribution.
 

 

 

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