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FBNInsurance sensitizes retirees on annuity                                                                                                                                                                                                                   FBNInsurance wins Insurance Company of the Year Award. …Val Ojumah is Insurance Man of the Year                                                                                                                                                                                                                                                                                                                                                                                                                                      FBN General Insurance appoints Opadokun as Managing Director.                                                                                                                                                                                                                   FBNInsurance sponsors free Breast and Cervical screening for women.                                                                                                                                                                                                                   FBNInsurance Rewards Outstanding Financial Advisors With Brand New Hyundai Accent                                                                                                                                                                                                                   FBNInsurance widens her retail network with four new offices                                                                                                                                                                                                                   RIMSON inducts Ojumah as Fellow                                                                                                                                                                                                                   FBNInsurance holds 5th Annual General Meeting, declares 19k per share dividend                                                                                                                                                                                                                   FBNInsurance Deploys 3i Infotech’s End to End Premia Suite                                                                                                                                                                                                                   FBNInsurance Launches Experiential Auto Insurance Campaign                                                                                                                                                                                                                   FBNInsurance's Profit Grows On Strong Premium Income                                                                                                                                                                                                                   FBNInsurance gets ‘A+’ (Agusto) rating …up from ‘A‘ in 2015.                                                                                                                                                                                                                   FBNInsurance Wins Global Accolade Yet Again.                                                                                                                                                                                                                   NAIPCO gets N14.5m FBNInsurance Group Family Shield cover                                                                                                                                                                                                                   FBNInsurance Group donates to Down Syndrome Foundation                                                                                                                                                                                                                   FBNInsurance commits to improved service delivery                                                                                                                                                                                                                  


CASHFLOW PLAN – 25%, 25%, 100%


While most insurance product blocks your money for a certain period of time, the FlexiCash plan gives you the double benefit of life insurance along with easy liquidity via periodical lumpsum payments when you need it.

It allows the policyholder to live life to the fullest today and at the same time stay protected by allowing for the flexibility of receiving a specified percentage of the sum assured at specified intervals.
Key Features
  • Easy Liquidity – 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 i.e. (policy duration – 4)/2
  • 100% of the sum assured plus all accrued bonuses will be paid at maturity.
  • Wealth Creation – creates wealth to the policyholder through the addition of guaranteed reversionary bonus of 2% of Initial Sum Assured per annum.
  • Full Sum Assured plus accrued bonus becomes payable on death of the policyholder. This is in addition to the survival benefit already paid to date.
How does the plan work?
  • The policyholder pays regular premium for the entire policy duration and get survival benefit at periodical interval as explained above.
  • On death of the policyholder before maturity, the full sum assured plus accrued bonuses becomes payable to the beneficiary of the policyholder.
Plan Benefits
Death Benefit:
In the unfortunate event of death, the beneficiary will receive the full sum assured plus accrued bonuses till the date of death
Survival benefit:
The policyholder gets periodic payment on survival 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 i.e. (policy duration – 4)/2
  • 100% of the sum assured plus all accrued bonuses will be paid at maturity.
Maturity Benefit
At maturity, the policyholder receives the full sum assured plus accumulated bonuses till maturity.
Discontinuance / Surrender Benefit
The plan will acquire surrender value after two full year premium have been paid and after two years have elapsed from the date of commencement of the policy.
The surrender value payable will be less total survival lumpsum payment already paid under the policy. The Insurance protection under the policy also ceases on surrender.
Policy Loan
No loan is available under this plan
Premium Payment Mode:
The policy allows for very flexible premium payment mode:
  • Annually
  • Half Yearly
  • Quarterly
  • Monthly
Grace Period: There is a grace period of 30 days for payment of premium
Minimum policy term: 6yrs
Maximum policy term: This will be limited to the maximum age at maturity.
Who can buy the Product?
  • Minimum age at entry: 18years
  • Maximum age at entry: 59years
  • Maximum age at maturity: 65years