MoneyWise Plan

AIICO's MoneyWise Term Assurance policy caters to the welfare of named beneficiaries in the event of the demise of the insured within the duration of the policy.
 
It provides a mandatory benefit, based on a proportion of 50%, 75% or 100% (based on the choice of the policyholder) of the total main cover premiums paid, if no claim is made on the policy till maturity. The main cover premium consists of the Death Cover and Moneywise Premiums.
 
For policies with less than 10 years, the mandatory benefit is 50% of the main cover premiums paid.
Policies with terms of 10 years and above have the option of increasing their mandatory benefit to 75% or 100% of the total main cover premiums paid.
 
The product has the following optional covers:
  • Additional Accidental death cover (an additional 20% of the main cover sum assured will be paid to the beneficiary on death due to accidental causes)
  • Permanent Total disability cover (policy owner can choose a sum assured that differs from the main cover sum assured but cannot exceed it)
  • Waiver of premium on disability (It is compulsory to select this rider when Permanent Total Disability cover is selected)
  • Critical Illness cover (policy owner can choose a sum assured that differs from the main cover sum assured but cannot exceed it)
The Minimum sum assured for this plan is N1million. 
 
Minimum and maximum ages at entry for the Policy Owner/Premium Payer are 18 and 60 respectively. 

If the Premium Payer is an institution, the age limits do not apply.

Need More Information

Please contact us:

Telephone: 01 279 2930, 0700 AIIContact (0700 2442 6682 28)
Email: aiicontact@aiicoplc.com

About Us

AIICO Insurance Plc., is the leading life insurer in Nigeria.

Founded in 1963, AIICO provides life and health insurance, general insurance, investment management and pension management services as a means to create and protect wealth for individuals, families and corporate customers.