Savings Plans

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Our savings plan is a simple, effective and affordable
way to build a solid financial foundation

It’s never too late to start saving towards achieving your life goals. But enjoying a
prosperous future means making smart decisions now. Taking out our savings plan
is a smart, simple and effective way to build a stable financial future – and
make your dreams come true.

Flexible:

You can make contributions monthly, quarterly, half-yearly or yearly. You can also make contributions as low as N5,000 a month.

Comprehensive:

Our Savings plan offers you:
– Death benefits –
– Maturity benefits at 5% below Treasury bill rates –
– Funeral benefits –
– Surrender benefits (see below) –
– Life insurance cover (see below) –

Surrender Benefits
Savings term (years)
1
2
3
4
Surrender charge (% of fund)
20%
15%
10%
0%
  • Life insurance cover
    Your savings plan comes with life insurance cover. This means that if you die or suffer a permanent disability during your savings period, we will pay you or your family the balance of your investment account. The cost of your life insurance cover is deducted from your contributions and we settle all claims promptly.
  • Saving scenarios
    In 2014, the guaranteed average interest rate was 5.50%. Here are some sample saving scenarios based on this rate:
Monthly saving
N10,000
N30,000
N50,000
Savings term
15 Years
15 Years
15 Years
Annual savings
N120,000
N360,000
N600,000
Total savings
N1,800,000
N5,400,000
N9,000,000
Expected maturity amount (including interest)
N2,890,000
N8,900,000
N15,400,000
*These are only examples. They do not indicate future performance.
© Ensure Insurance Plc. 2017.   Authorised and Regulated by the National Insurance Commission RIC N0. - 044.