TERM ASSURANCE POLICY

This is a temporary Life Assurance product which provides only a death cover.

The Policy can be taken out for a minimum duration of 1 year.

It is the simplest and cheapest form of life Insurance cover as it guarantees payment

of the Sum Assured only on death of the life Assured during the period of assurance.

In its original form, the premium paid covers the period of assurance hence if the life

assured survives the period chosen, no refund of premium would be made. However,

the policy can be arranged in such a way that 50% of the premium paid would be

refunded on survival to the end of the policy term.

SUPPLEMENTARY BENEFITS

As riders to all our policies, the following are available:

The Double Indemnity Benefit (DIB)

This guarantees the payment of double the Sum Assured should death occur by accident

subject to a maximum of =N=40,000.

Disability Waiver of Premium (DWP)

Should the Assured become totally or permanently disabled, we will waive all future

premiums payable on the policy and the Sum Assured will be paid in accordance with

the original terms of the contract.

Family Income Benefit (FIB)

Should death of a policyholder occur before the maturity of the policy, we guarantee

a regular income to the dependants of the policyholder until the maturity of the policy

when the Sum Assured becomes payable.