Aiico Insurance Plc, Ikeja. Here are some details on two of our nice policies please

Contact Details Below .

-Flexible Endowment Plan

An endowment plan that combines protection and investment. It provides for guaranteed payouts at regular intervals in three installments. 1st Payment at – 25% of face amount – 1/3 of the term of the policy. 2nd Payment at – 25% of face amount – 2/3 of the term of the policy 3rd Payment at maturity date – 100% of the face amount Provides for full payment of the face amount in the event of death of the policyholder during the period of insurance.

Period of insurance

ranges from 6, 9, 12, and 15 years. Provides for annual reversionary bonus payable in addition to the face amount or earlier death at the rate of 4% or N40.00 per thousand. Provides for cash values on the basic policy and the declared reversionary bonus. Provides for 70% of Cash Value as loanable value after three years of running the policy. Provides for policy surrender after two years of payment and maintenance of policy.

Additional Riders: Waiver of premium – This benefit comes to force at a time when a policyholder is unable to perform his normal duties as a result of either accident or critical illness for a minimum of six months. Premiums that fall due within such period are waived and the policyholder will not be charged for it. Permanent Total Disability – This covers the loss of body parts that make it impossible for the customer to continue to work as he used to. At this point, the policy is treated as being closed and the benefit is paid.

Examples of such disability are loss of both eyes, both hands and both legs (if he is a footballer). Accidental Death, Dismemberment and Weekly Indemnity Rider – This covers loss of parts of the body following an accident as stated in the schedule of Indemnity attached to the policy document. The principal sum under this benefit rider is N2,000,000.00 …………………………………………. AIICO ANNUITY PLAN Do you have exciting plans for your retirement? It may be years away or just around the corner, in either case, how you will spend your retirement depends on how well you plan. An Annuity Plan from AIICO Insurance can help protect you against the possibility of outliving your financial resources in retirement.

In addition, the policy provides a lump sum benefit in the event of the policyholder’s death. Benefits include: A guaranteed regular income after retirement Flexible annuity plans ranging from immediate annuity plans to deferred annuity plans Surrender values for deferred annuities after one year A spousal annuity option of 75% of the original annuity after the death of the annuitant Tax relief on contributions payable in order to reduce tax liability You can choose your earning at retirement and fund it. A multiple of 5 times of your earning as death benefit. The types of annuity are:

1. Deferred Annuity: This plan encourages self-discipline by saving for the rainy day. You can determine your earning at retirement and fund it effectively. There is a death benefit of a multiple of 5 times annual earnings when he becomes an annuitant. Features: Opportunity to save towards a deferred regular annuity. Lump sum or Annual premium payment can be applied for deferred regular annuity. Death benefit payable if it occurs during deferment.

No medical Examination required. Target Income at retirement can be flat or increasing at 5% or 10% annually. A retirement plan. Premium Payment is flexible (i.e annual or single for deferred annuity) Benefits: Guaranteed regular income Flexible Annuity Plan Tax relief on contributions to reduce tax liability. Survival at retirement: Regular income till death guaranteed for 10 years and thereafter guaranteed for life. Death benefits payable if it occurs during and after deferment.

Surrender value options for deferred annuity after one year. Annuitant’s life Assurance covers option. Premium Frequency: Annual or Single Notes: On death of the policyholder before commencement of annuity payment, all premium paid are refunded with interest compounded of at least 3% per annum.

On death of the annuitant after annuity payment commences, a lump sum of five (5) times the annual annuity at the point of death together with any balance resulting from guarantee becomes payable.

2. Immediate Annuity This can be taken if you have a bulk sum and want to receive your earnings immediately. This forestalls the risk of frivolous spending and secures a source of income when one is weak until death.

Also available is the multiple of 5 annual annuity as death benefit payable to the beneficiary or estate of the annuitant at death. ……………………. Also the Children education plans, auto (vehicles) travel insurance… Thanks so much for your time and anticipated login.

God bless you. Agent

Mayokun Ehindero

mayor1me@yahoo.com, 07033144526(WhatsApp and calls)

this is a www.fund.i.ng special