iSave Plan is an enhanced savings plan that assists in building a lump sum amount over 24 months while paying a competitive interest rate which is 4% higher than the minimum savings deposit rate paid by the banks.

Premature termination and withdrawals are permitted, however accured interest will be forfeited.

Features include:

• You are eligible to take up this plan if you are under the age of 65
• Policy term is 2 years renewable
• Interest rate is SDR+4% (SDR is the CBN stipulated minimum savings deposit rate banks can pay on savings accounts and is usually 10% of Monetary Policy Rate (MPR))
• Policy can be surrendered after a minimum of 13 months with no withdrawal fees (earlier surrender will attract charges)
• Minimum contribution of 5,000

Benefits include:

• Creates capital for future needs (i.e school fees, home ownership, start own business etc.)
• The sum assured (Life cover ranging from 100,000 - 1,000,000 ) requires a ONE TIME PAYMENT (known as risk premium) of 1% of the sum assured, then the Risk Premium will be N2,000. For sum assured of N500,000, the Risk Premium will be N10,000 etc.
• In the event of death, the account balance and sum assured are paid to the named beneficairy.
• To provide our Customer's with a Short-Term savings Plan alongside Life Cover.