The Royal Endowment Plan
The purpose of this policy is to provide for the payment of the sum assured at the expiration of a certain period or at earlier death. Premium is usually payable throughout the period selected and could be Single premium, yearly, half-yearly, quarterly or monthly.
Features/Benefits
- A minimum term of 5 years.
- Death Benefits: 100% of the sum assured is paid to your beneficiaries in the event of death.
- Maturity value: The estimated maturity value(contribution plus bonus) will be paid at maturity.
- Medical Examinations: Free medical examinations/Tests are conducted for sum assureds over N 15,000.000.00.
- Premium: Premium could be monthly, quarterly, half yearly, yearly and Single premium in accordance with the policyholders’ preference. Clients can pay a monthly contribution of N5,000.00 and above.
- Policy can be used as collateral for loan.
- Loans can be accessed from the policy.