Thursday, 21 May 2015

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

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