What is FamilyPlan Insurance?
- Accidental death cover that starts upon receipt of the first premium
- Non-Accidental death cover that starts at the end of the waiting period of six (6) months.
This is a life protection cover that pays out a defined lump sum to the nominated beneficiaries of the Insured Person. The plan covers one policyholder and up to four beneficiaries. Policyholders can pay premiums from as little as NGN750 monthly to get cover of NGN300,000 whilst a premium of NGN12,500 monthly will give you a cover of NGN5,000,000.
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The minimum entry age of the policyholder or spouse(s) is 18 while the maximum entry age of policyholder or spouse(s) is 65.
The minimum premium is NGN750.
The minimum and maximum benefit per life covered is NGN300,000 and NGN5,000,000 respectively.
The policyholder has up to six (6) months from the application date to start paying the monthly premiums.
Death by suicide is not covered.