Corporate Savings
About Corporate Savings?
You can now save to meet your financial goals with AIICO's Corporate Savings. It is aimed at helping you save towards targeted projects or activities, e.g, rents, purchase of properties, etc. It has a minimum of tenure of one year.
Why Corporate Savings Plan?
- Maturity
Total amount accumulated in the policyholder’s investment account is payable at maturity.
- Interest
The interest is credited to the policyholder. It is an average savings rate of 1% per annum and an increase of 0.5% per annum to a maximum of 5% per annum for policies that are on the books for more than a year.
- Death Benefits
Death benefit package includes the guaranteed sum assured and total amount in investment account.
- Optional Withdrawal
You have the privilege of making a withdrawal from your savings once in a year, provided the account is left with a minimum balance equal to 1 year premium.
- Frequency: Monthly, quarterly, half-yearly and yearly.
- Risk premium: Policyholder chooses the sum assured he wants and can afford which is paid annually, maximum of N2million. Risk premium is charged at the rate of 1%.
