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.