New Income Investment
About New Income Investment
AIICO's Income Investment Plan is a long-term investment-linked policy that is structured to take care of your immediate and future needs. You can work it into financial planning for short and long-term financial goals and targets. It combines investment, savings and insurance protection.
Why this plan?
- Provides for regular monthly minimum contribution payments of N5,000 as well as additional contribution for target savings.
- Duration of policy are: 10, 12, 15 and 20
- Period of insurance ranges from 6, 9, 12, and 15 years.
- Your individual account (policyholder’s account) is where your allocated premiums and interest will be credited.
- Provides for competitive interest rate on both contribution and target savings.
- Provides for loans to customers up to 70% of account balance after maintaining policy for three years.
- Provides for payment of sum assured, investment account balance and savings account balance (if any) to the beneficiary on the demise of the policyholder.
- Provides for payment of investment account balance and total savings on maturity date of the policy.