NSIA Investment Linked Plan
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Eligible ages:
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Minimum Age: 18 Years
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Maximum Age: 60 Years
NSIA Investment Link Product
NSIA Investment linked plan offers prospective policyholders a vehicle through which they can accumulate fund over a short period of time to meet future needs. The product is managed through a dedicated investment account into which policyholder’s contributes and attractive interest are credited. This policy also offers a life insurance policy as an attending feature which affords the beneficiary of a policy holder to be paid a certain guaranteed sum in the event of death of the policy holder while the policy is running.
? Key Features
▣ Policy Duration is one (1) year, however, policy holder can choose to roll over the fund value at expiration date
▣ A dedicated investment account is opened for each policyholder
▣ All contributions (premiums) are allocated into the investment account after deducting the life cover premium from the first contribution
▣ The minimum age at entry is 18 years whilst the maximum age at entry is 60 years
▣ Attractive daily interest is credited into the account on a monthly basis
▣ The minimum sum assured is N100,000.00 while the maximum sum assured is N5,000,000.00
▣ Minimum contribution per month is N10,000.00
▣ Frequency of premium payment can be single, annually, half-yearly, quarterly or monthly
▣ There is a waiting period of one month in the event of claim. If death occurs within this period, only the account balance will be paid and the policy ceases.
? Benefit
▣ Maturity
At the end of the policy term, the policyholder receives the total amount credited into his investment account plus interest.
▣ On Death
NSIA pays the chosen sum assured in addition to the accumulated fund value in the event of death of the policyholder during the policy term.
▣ On Discontinuation
The balance in the savings account less the accrued interest is payable on surrender.
