Education Legacy Assurance Plan (ELAP)

Every Parent’s joy is in ensuring that their Children get quality education and turn out great in future.
AIICO Insurance Plc offers two education policies to meet these needs.

• Children Education Plan (CEP)
• Education Legacy Assurance Plan (ELAP)

Education Legacy Assurance Plan (ELAP)
ELAP is a savings plan targeted towards the future education of a named child in the event of death or permanent disability of parent (policyholder).
Features of ELAP

• At the death or permanent disablement of the policyholder, premium payment ceases.
• Maximum age at entry is 57 and exit 65.
• Provides for Annual Maintenance Income of 25% of sum assured for a period of 5years.
• Period of policy range from 8 years to 18 years.
• The higher the guaranteed sum assured (subject to a maximum of N10 MILLION) or balance in the policyholder’s investment account is payable at maturity.

 for enquiries call 07067916243

Children Education Plan

Every Parent’s joy is in ensuring that their Children get quality education and turn out great in future.
AIICO Insurance Plc offers two education policies to meet these needs.

• Children Education Plan (CEP)
• Education Legacy Assurance Plan (ELAP)

 

Children Education Plan
This is an education endowment plan that provides for annual sum of 12% of sum insured towards the education of the named child in the event of death or permanent disability of the policyholder up to the maturity date.
Features of CEP

• At death or disablement of the policyholder, future premiums are waved.
• An annual income of 12% of the sum assured will be paid to assist in the education of the named child to maturity date of policy.
• Returns of premiums paid in the event of death of the named child.
• Payment of lump sum at maturity to the named child.
• Policy is tax exempt.

for enquiries call 07067916243

Corporate Savings Plan

We offer a unique investment plan that offers financial protection for you including life insurance coverage which is payable in the event of your death within the policy.
Reasons why I need a Corporate Savings Plan?

• Savings for an intended purpose
• Tax relief on savings
• 2.5% interest per year with a life insurance cover
• Financial security for you
• You can use this policy as a collateral for a loan

Need More Information
Please contact:
07067916243

Income Investment Plan

AIICO Insurance Income Investment Plan is a long term (10 year) investment policy with guaranteed interest rates. The investment policy is also linked to a life assurance policy that protects you and takes care of your loved ones in case of death. The product is available to anyone under the age of 55 and the minimum premium is N20, 000.00 payable annually or N10, 000.00 payable bi-annually.

Benefits Includes:

• An accumulated lump sum payment upon maturity
• A guaranteed interest rate of 3% higher than the average savings account
• A death benefit subject to a maximum of N5,000,000.00
• Tax deductible premiums

Need More Information

Please contact:

07067916243

Executive Personal Pension Plan (EPP)

AIICO Insurance Executive Personal Pension Plan is an investment plan with guaranteed interest rates, designed to protect you later in life. It also includes a death benefit that will protect your loved ones in the event of your untimely death. The plan is available to anyone under the age of 50. It includes a flexible retirement age clause, which enables the insured to retire at any time between the age of 50 and 65, provided that the policy has been in place for at least 10 years.

Benefits include:

• Competitive guaranteed compound interest rates, which are annually reviewed according to rates payable by the top five commercial banks
• Tax deductible premium payments
• Tax free maturity benefit
• Annual statements showing accumulated profit
• Sizeable in-built life cover in the event of death within the early years of the investment policy
• Early cash in clause in the event of serious illness or permanent disability

Need More Information

Please contact:

07067916243

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’ll 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 policy holder’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

Need More Information

Please contact:

07067916243

Cash Accumulation Plan

a unique long term investment policy in the Cash Accumulation Plan. It is an investment policy that has been set to cater for your needs at urgent or stipulated periods. It's an investment policy that matures in a short time and it attracts bonuses with high interest rate.
Additional Benefits:

• Early partial maturity payments
• Full payment of the insured sum plus accrued bonuses in the event of the policy-holder's death

Need More Information
Please contact: 07067916243

Legacy Assurance Plan

We can help protect your child from being forced to end schooling prematurely. AIICO’s Legacy Assurance Plan is a targeted savings plan geared towards financing the future education of your child. It is a Savings plan by which sufficient funds can be accumulated for education.

Benefits include:

• A life assurance benefit of a guaranteed sum subject to a maximum of N10million or the balance in the policy holder’s investment account, whichever is higher
• An annual maintenance income of 25% of the sum insured, payable for 5 years in the event of the policy holder’s death
• A disability benefit in the event of total permanent disability that prevents the policy holder from pursuing any economic activity. Here, the policy holder enjoys benefits due under the life assurance cover and also annual maintenance income in line with the policy condition
• A redundancy benefit due to loss of employment. Here the policy holder enjoys a waiver of the premium for 6months subject to policy conditions
• A cash withdrawal option of up to 20% from the legacy account to assist in the child’s education provided the policy has been in place for a minimum period of 5 years. This is subject to a limit of three withdrawals during the full policy term

Income Investment Plan

Income Investment Plan is a long term (10 year) investment policy with guaranteed interest rates. The investment policy is also linked to a life assurance policy that protects you and takes care of your loved ones in case of death. The product is available to anyone under the age of 55 and the minimum premium is N20, 000.00 payable annually or N10, 000.00 payable bi-annually.

Benefits Includes:

• An accumulated lump sum payment upon maturity
• A guaranteed interest rate of 3% higher than the average savings account
• A death benefit subject to a maximum of N5,000,000.00
• Tax deductible premiums

Need More Information

Please contact: 07067916243