The Company is licensed to transact all classes of life and Investment Linked business. These include:

INVESTMENT LINK SCHEMES

CAPITAL APPRECIATION AND INCOME PLAN

What is the Plan and for whom?

The CAPI is targeted at individual investors desirous of earning guaranteed interest income together with life assurance cover. The plan also includes a generous capital appreciation benefits to cater for inflation and fluctuations in interest rates.

What are the Plan's Salient Points?

• Guaranteed regular return on investment
• Highly flexible
• Life assurance cover
• Security of Fund

Features of the Plan
Minimum Investment =N=50, 000.00
Tenor Minimum of 5 Years
Minimum Guaranteed

Return Subject to Prevailing Market Rate
Guaranteed Capital Appreciation

Life Assurance

Benefits 5 times of capital invested
Withdrawal You can withdraw from the scheme at any time and at

short notice without undue penalty

Top

DEPOSIT LINKED ASSURANCE SCHEME

What is the Scheme and for whom?

Standard Alliance Life Deposit-Linked Assurance Scheme is a life assurance product that entitles individual investors to a guaranteed and regular interest income along with a life insurance cover. The unique feature of the scheme is that it affords you flexibility of withdrawing capital investment at short notice without suffering undue loss.

The scheme is designed for and is being offered exclusively to high net worth individuals seeking to use life assurance as an added security for the family.


Benefits

• Guaranteed regular return on investment
• Highly flexible
• Value for life
• Security of Fund
• Certificate is accepted by banks as security against loans
• Loan facility available to members*
• Guaranteed Capital Appreciation up to 50%*

Features

• Minimum Investment: N250, 000 .00
• Tenor: Life
• Minimum Guaranteed

Return: up to 11% per annum

• Life Assurance Benefits: 4 time the amount of deposit subject to a maximum of N10 million. This is payable in case of death to specified beneficiaries. Beneficiaries may include, but are not limited to immediate family and other dependants.
• Withdrawal: You can withdraw from the scheme at short notice without undue penalty.

Top

EXECUTIVE FLEXIBLE ASSURANCE SCHEME

What is Executive Flexible Assurance Scheme?

Executive Flexible Assurance Scheme (EFAS) is an investment linked Assurance Scheme that is strategically designed to meet your immediate and future financial and life insurance needs. The unique feature of this scheme is that it allows you access to your accumulated fund after one year while the life cover continues with the payment of your regular contributions.

What are the Benefits of the Scheme?

• Guaranteed income to meet immediate and future needs.
• Lump sum fund to execute desired project.
• Financial protection for dependants before maturity.
• A robust guaranteed return on fund.
• Tax relief on investment.
• Policy can be used as collateral for other transactions.
• A free life cover.
• Free financial advisory service.
• Superior and personalized customer service.
• Security of fund.

What are the features of the Scheme?

• It is a short term plan that can be taken for two year
• No medical examination is required
• Payment can be made on monthly, quarterly, half-yearly and yearly basis.
• Contributions can be increased from time to time
• Partial withdrawal after one year is allowed.
• Maturity value can be re-invested.

Investment Options:

Option (A)

Minimum Annual Contribution: N 1,200,000.00 (Monthly Contribution: N 100,000 & above)

Maximum Contribution: Unlimited

Guaranteed Return: 10%

Life Assurance Benefit: N 1,500,000.00

Option (B)

Minimum Annual Contribution: N 720, 000.00 (Monthly Contribution: N 60,000- 99,999.99)

Maximum Contribution: N 1,199,999.99

Guaranteed Return: 8 %

Life Assurance Benefit: N 1,000,000.00

Option (C)

Minimum Annual Contribution: N 480,000.00 (MonthlyContribution: N 40,000- 59,999.99)

Maximum Contribution: N 719,999.00

Guaranteed Return: 7%

Life Assurance Benefit: N 750,000.00

Kindly fill our proposal form and pay your deposit premium for your immediate enjoyment of our outstanding Life Cover.

Top

FLEXIBLE ASSURANCE SCHEME (FAS)

What is Flexible Assurance Scheme?

Flexible Assurance Scheme (FAS) is an investment linked Assurance Scheme that is strategically designed to meet your immediate and future financial and life insurance needs. The unique feature of this scheme is that it allows you access to your accumulated fund after one year while the life cover continues with the payment of your regular contributions.

What are the Benefits of the Scheme?

• Guaranteed income to meet your immediate and future needs.
• Lump sum fund to execute your desired project.
• Financial protection for your dependants before maturity.
• A robust guaranteed return on your fund.
• Tax relief on your investment.
• Policy can be used as collateral for other transactions.
• A free life cover.
• Free financial advisory service.
• Superior and personalized customer service.
• Security of fund.

What are the features of the Scheme?

• It is a short term plan that can be taken for Two years
• No medical examination is required
• Payment can be made on monthly, quarterly, half-yearly and yearly basis.
• Contributions can be increased from time to time
• Minimum monthly investment of N5,000.00 (Five Thousand Naira)
• Partial withdrawal after one year is allowed.
• Maturity value can be re-invested.

Investment Options:

Option (A)
Minimum Annual Contribution: - N240, 000.00 (Monthly Contribution: N20, 000)
Maximum Contribution: - Unlimited
Guaranteed Return: - Subject to Prevailing Market Rate
Life Assurance Benefit: - N500, 000.00

Option (B)
Minimum Annual Contribution: - N120, 000.00 (Monthly Contribution: N10, 000)
Maximum Contribution: - N239, 000.00
Guaranteed Return: - Subject to Prevailing Market Rate
Life Assurance Benefit: - N350, 000.00

Option (C)
Minimum Annual Contribution: - N60, 000.00 (Monthly Contribution: N5, 000)
Maximum Contribution: - N119, 999.00
Guaranteed Return: - Subject to Prevailing Market Rate
Life Assurance Benefit: - N250, 000.00

Kindly fill our proposal form and pay your deposit premium for your immediate enjoyment of our outstanding Life Cover.

Top
 

GROUP Standard Alliance Life ACCUMULATOR SCHEME

This is a well-packed comprehensive thrift scheme that enables contributors’ build up disposable additional fund for the next one-year or more, whilst allowing for partial withdrawal and loan to meet certain cash emergencies.


The Plan and for whom

The product is a special Deposit Linked Investment Scheme designed for group of people in a particular company/institution/club to encourage them save and enjoy competitive returns on their savings in addition to credit facility on their accumulated savings.

FEATURES OF THE PRODUCT

• Monthly Savings: Minimum contribution of =N=5,000.00 monthly
• Maximum Contribution: Unlimited.
• Tenor: minimum duration of one year
• Guaranteed Return: Subject to Prevailing Market Rate
• Life Assurance Benefits
• Maturity Value: This can be re invested for higher return on some other products
• Loan Support: credit facility of up to 200% of total Monthly savings after contributions has been made for six months and above.
• Bonus: Additional bonus for members with consistent monthly contributions of up to 24 months without withdrawal.
• Participants: Minimum of 10 people

DOCUMENTATION
Each contributor into the scheme will be issued a participation certificate detailing the available benefits under the scheme. A master record of all participants as well as policy documents will be maintained on behalf of all the contributors.

ADMINISTRATION
Upon approval of the scheme, we propose to meet with members of the co-operative society to educate them on the benefits and workings of the scheme. We will thereafter set up a committee with membership drawn from contributors and standard life representative to function as trustees to the scheme.

Top

INCOME PROTECTION PLAN

BACKGROUND

Standard Alliance Life Income Protection Plan is design to provide guaranteed extra income for people in line with thriftiness (savings) nature of insurance for future plan. The plan is a life assurance product that incorporates investment on your contributions, provides life assurance cover as well as accidental death benefit.

FEATURES

FLEXIBLE MATURITY DATE

The Plan has a flexible maturity date. It allows the policyholder to fix his maturity date provided the policy term is not less than 5 years.

SURRENDER VALUE

The policy can only acquire surrender value after 2 years of inception.

PREMIUM PAYMENT

Premiums are payable yearly, half yearly, quarterly, or monthly in advance on the dates stipulated in the policy document.

ADDITIONAL LUMP SUM

Aside the regular contribution under this policy, the assured may also make additional lump sum deposit payments from time to time. Such deposits shall form part of the investment account and interest credited as such.

MATURITY BENEFIT

Upon the survival of the Policyholder to the maturity date, the maturity benefit payable shall be an amount equal to the accumulated fund in his investment account. The policyholder may decide to convert part of or the total proceeds at maturity to a life annuity guaranteed.

CASH WITHDRAWAL OPTION

If the policyholder survives up to 5 th year of the policy term, he may elect to withdraw a cash benefit of up to 25% of the balance in the investment account and also in each subsequent 5 years thereafter.

DEATH BENEFIT

The benefit payable on the death of the policyholder prior to the maturity date of the policy shall be the total regular premium payable over the policy term or sum assured whichever is greater .

POLICY LOANS

The Company shall lend up to 90% of the Surrender Value as policy loan.

TAX ADVANTAGE

All contributions into the scheme are tax deductible and proceeds at maturity are tax-free.

Top

Standard Alliance Life ACCUMULATOR SCHEME

What is the Plan and for whom?

The SLAS is a savings-linked life product under which participants make a fixed monthly savings, which then entitle them to a life cover.

Features of the Plan

• Monthly Savings: Minimum of =N=10,000.00.
• Tenor: 5 years
• Return: Competitive Guaranteed Minimum return per Annum.
• Life Assurance

Benefits: 2 times of Total Monthly Savings payable on death to named beneficiaries subject to a maximum of =N=2 million

• Withdrawal: Flexibility to withdraw from the scheme anytime after commencement without undue penalty. Quarterly

Statements shall be issued to participants.


BENEFIT

• Guaranteed Accumulated Fund
• Guaranteed regular return on investment
• Highly flexible
• Life assurance cover
• Security of Fund

Top

Standard Alliance Life EDUCATION SUPPORT PLAN

Standard Alliance Life Education support Plan is an Educational Investment Product that provides policyholders with an avenue to save for future education of their children.

he Plan also ensures that there is no premature stoppage of the education of the named child/children as a result of death of the sponsor before completion of school by guaranteeing a minimum level of death benefit.

KEY BENEFIT OF THE PLAN

• Uninterrupted education plan for children
• Reduces stress, anxiety and worry over settling school bills
• Free Life Assurance cover (minimum) of =N=250,000
• Guaranteed maximum returns on Investment
• Covers more than one child

FEATURES OF THE PLAN

• Minimum Annual Investment Amount of =N=60,000.00
• Minimum entry Age is 18 years
• Maximum entry age is 60 years
• Flexible duration to coincide with the present class of the child/children
• Minimum Period: 12 months
• Frequency of payment: monthly/quarterly/half-yearly and yearly
• Mode of payment: Cash/Cheque/Direct Debit Mandate
• Tax Relief

Top

Standard Alliance Life INVESTMENT PLAN

The Plan
The SA Life Investment Plan is an investment linked life Assurance policy which enables you as the individual life assured to have an additional estate through the periodical saving of a regular sum of money for a specified number of years at a competitive guaranteed rate of return. You also enjoy a built in life assurance cover on the plan. The plan can act as a savings account for future expenditure such as child education, retirement and even pay your loved ones in the event of your demise.

How it works
As the policyholder / proposed life assured, you determine the periodical amount for contribution under the plan at inception of the plan. The mode of payment can be adapted to suit you. We offer the opportunity to make convenient monthly, quarterly, biannual payments which accumulate in an individual Investment Account on your behalf under our Investment Pool Funds to earn competitive interest returns annually.

You may also choose to a make lump sum contribution into the plan at anytime or increase your regular contributions in line with changes in your finances. Such lump sum amount or increased amount will be credited into the investment account and will rank for interest as the regular contribution.

Added Benefits

• There is a free guaranteed lump sum of money payable to named beneficiaries in the event of death in the early years of the policy up to N500,000.00*
• We guarantee a minimum return of 10% p.a. on the plan.
• We offer a non-medical limit under the plan of N2 million.
• Your contributions into the plan are also tax exempt for income tax purposes. SA Life will issue Life Assurance Premium Relief Certificate on annual basis to be used for relief on your contributions into the plan.

Surrender of Benefit
On surrender of the policy (i.e. if payment stops) the amount in the investment account becomes payable immediately. You may only surrender after four years. Any surrender before the fourth policy year will attract penalty charge as follows.

Duration at withdrawal (years) Penalty (% of balance)
1 Nil Surrender
2 Nil Surrender
3 5%
4 and above No penalty

Top

STANDARD FLEXIBLE PLAN

Standard Flexible Plan (SFP) is an investment linked life assurance plan intended to address the inherent weakness in conventional Life Assurance Policies. It is a long-term focused plan with in-built flexibility to cash out a fixed percentage at periodic intervals and thereby meet the short-term objectives/requirement of the policyholder.

The Policy thus balances the long-term security and short-term liquidity objectives of today's policyholders. It is a living benefit cover that not only provides all year protection but also pays out steadily while the policyholder is still alive.

BENEFIT

• Enhanced 3-part maturity payments..
• Generous annually guaranteed bonuses.
• Superior Returns on Investment.
• Flexible cash values.
• Option to purchase increased cover to take care of inflation.
• Premium is fixed throughout the policy term.
• Automatic standby loan facility to service premium payment.
• Additional security for self and family.
• Full face value of investment becomes payable in case of death any time within the policy term not withstanding part-payment already made.

EXTRA BENEFIT

For an additional small premium, the policyholder may purchase any of the following as extra benefits under the plan.

• Waiver of premium Benefit in case of total disability due to accident or sickness.
• Monthly income benefit for permanent and total disability due to accident.
• Double the sum assured in case of accidental death subject to a limit of =N=500,000.00.

ENHANCED 3 - PART PAYMENTS OF BENEFITS

Payment of benefits under the policy is spread over a three-term payment. The first installment of 25% is payable at the end of the 1/3 rd of the term chosen. The next 25% is payable at the end of 2/3 rd of the term while 100% of the face value together with all accrued bonuses shall be paid at maturity. OR 25 - 25 - 50

BONUS

An annual 2% reversionary bonus will be declared based on the face amount of the policy. The bonus is payable along with the final maturity benefit.

OPTION TO INVEST THE PART-PAYMENT OF BENEFIT

The policyholder may exercise the option of re-investing the installment payment due at a higher rate of return with Standard Alliance Life.

GUARANTEED ALL YEAR PROTECTION

The policyholder is insured for the face amount of the policy together with all bonuses declared. In the event of death, no deduction is made for previous installment already received.

OPTION TO PURCHASE INCREASE COVER

The policy may choose to increase the face value without additional medical requirements. The option may only be exercise within 3 years of inception of the policy.

Top

PERSONAL ASSURANCE SAVINGS SCHEME

What are the features of PASS?

This is a robust life assurance policy that offers high investment returns on all contributions made. A small monthly premium of N2,500.00 is all you need to enjoy the multiple benefits of this innovate Life plan. You may choose a specific maturity date for your plan, to suit your needs as they arise.*

The plan can serve as a savings fund to be drawn upon at retirement which gives you security in your later years. In the event of death before maturity, the sum assured plus the accumulated funds would be paid to your named beneficiary/ies.

Benefits include

• Minimum guaranteed return of 7% per annum
• Premium paid can be used to reduce income tax liability as the sum is not taxable
• Collateral security against financial dealings
• Increase in the value of policy holder’s estate
• Tax free benefit when making claims
• Policy holder is free to withdraw from the scheme before retirement
• Provision of yearly statement of account
• Regular savings that ensures continuous financial protection for the family
• Free Financial advisory services
• Generous discounts on non-life insurance policies
   

Top

TRADITIONAL SCHEMES

• TERM ASSURANCE
• GROUP LIFE ASSURANCE SCHEME
• KEY MAN/CREDIT LIFE ASSURANCE
• MORTGAGE PROTECTION ASSURANCE
• CHILDREN EDUCATION ENDOWMENT ASSURANCE

Top