UNIC SAVINGS PLAN

WHAT WE OFFER TheUNIC Saving Plan (SP) enables you to accumulate funds to meet specific future financial needs. The plan is aimed at encouraging savings, especially amongst low income earners. The plan also helps you Cut down your Tax, according to prevailing legislation: Your contributions are tax deductible up to certain limits.

HOW IT WORKS

By making regular dedicated contribution into the plan, you earn competitive returns allowing you to accumulate fund to meet specific financial objectives. Also, a guaranteed free accidental death cover becomes payable to your estate /dependants on death as a result of an accident, during the duration of the plan.

YOUR BENEFITS

• You can invest with affordable monthly payments or if you prefer, annual payments or even a single lump sum amount.
• UNIC SP pays you a lump sum at the end of the policy term.
• Premium can be collected on daily, weekly, monthly or annual basis
• Duration of this policy is open for 1 to 2 years. Policy can be terminated at anytime before expiration subject to administrative fee on interest
• Financial provider even gives you the option of additional benefits to protect your investment.
• You may choose to make your payment directly to UNIC yourself, through you employer or by direct debit mandate through your bank.
• UNIC SP may even be used as security for a loan.
• UNIC SP allows you choose the premium that you want to pay, so it is quite flexible
• Contributions will earn interest above regular savings account.
• Death cover of total contribution payable subject to the limit of N500, 000.00

ADDITIONAL SAVINGS PLAN BENEFITS

Death Premium Waiver Benefit If you choose to add this benefit, UNIC Life will pay the premium due under the policy if the premium payer dies. This benefit is only available if you pay monthly or annual premiums.

Disability Premium Waiver Benefit

If you add this benefit, UNIC Life will pay the premiums due under the policy if you, the premium payer become permanently disabled. This benefit is only available if you pay monthly or annual premiums

Cash Benefit

This popular benefit is a regular premium, unit-linked investment. When added to the Financial Provider, it provides an easy accessible “cash account” allowing frequent withdrawals subject to a few simple rules.

Automatic Inflation Management (AIM)

By adding this benefit you can protect your investment against the effects of inflation. Your premium will increase by 5%, 10%, or 15% annually.

KEY ATTRACTION

On Survival to Maturity

• Accumulated contribution and interest amount in the investment account becomes payable

On Death before Maturity

• The Amount of the Guaranteed life cover plus amount in the investment account becomes payable to your named beneficiaries

WITHDRAWAL BENEFITS

On withdrawal from the policy,

• Full amount in the Investment Account balance less any outstanding loan becomes payable.

WHY UNIC SP?

UNIC Asset Management ensures all premiums are placed into careful selected investment according to our investment mandates, providing potential for good returns and the comfort that specialist look after your money.

CASHING OUT

• A notice of claim should be written to the Company
• Documentary Evidence (Death Claim)

1. Death Certificate
2. Medical Certificate of cause of death
3. Burial Certificate
4. Police Report (if death is by accident)

• Submission of the Original Policy Document
• Straightforward Claims payment procedures devoid of bureaucracy. Prompt payment of all claims within 72hrs of completing documentation and submission to UNIC.

WHAT WE NEED

• Date of Birth/Age Next Birthday
• Amount of Cover Required/Sum Assured
• Duration/Term of policy