New Income Investment Plan

Income Investment Plan is a long term investment linked policy that is arranged to take care of immediate and future needs of a customer.

Benefits Includes:

  • Policy suitable for financial planning which combines investment, savings and insurance protection.
  • It is suitable for short and long-term financial planning.
  • Provides for life insurance cover chosen and separately paid for at policy inception.
  • Provides for payment of minimum regular monthly contribution of N5,000. Also provides for payment of additional contribution (target savings).  
  • Duration of policy are: 10, 12, 15 and 20
  • Policy available to anyone up to age 55.
  • Policy provides for individual account (policy holder’s account) where allocated premiums and interest will be credited.
  • Provides for allocation of the net premium into policy holder’s account as follows:

    Year 1                     -                   85% of premium

    Year 2                     -                   90% of premium

    Year 3                     -                   95% of premium

    Year 4 & above       -                   100% of premium
  • Full allocation of additional contributions to the policy holder’s Additional Voluntary Contribution (AVC) account.
  • 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.

Who purchases this cover?

Everyone who is desirous of providing future and immediate savings for himself.

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.