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WHAT WE OFFER
The UNIC Trust Plan (TP) is a savings plan that is designed for the middle income earner who wants to save for a longer period.
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HOW IT WORKS
By making a dedicated and regular contribution in a minimum duration of one (1) year, you earn competitive returns allowing you to accumulate fund to meet specific short-term financial objectives. In addition to the value of the accumulated investment, a guaranteed free life assurance cover of up to =N=750,000.00 becomes payable to estate/ named dependants on death of the policyholder during the term of the plan.
YOUR BENEFITS
- Minimum plan duration of 1yr with a roll over option for further duration.
- Payment options of Monthly, Quarterly, Half-Yearly, or Single Lump Sum
- Life assurance cover of total contribution subject to limit of =N=750,000.00.
- Competitive Quarterly returns on contribution into the plan.
- Periodical issuance of Account statement to monitor growth
- Contributions channeled into to investment portfolio with spread in properties, stocks, shares, lease rentals and treasury bills.
- Income Tax Relief for contribution.
- The policy is prepared on no medical basis
- No Age limit or restrictions
KEY ATTRACTION
At Maturity: - Accumulated amount in investment account becomes payable
Death Before Maturity: - Guaranteed life cover PLUS amount in Investment Account becomes payable to your named beneficiaries
WAIVER OF CONTRIBUTION PAYMENT:
- On disability anytime after the plan has been operative for 18 months.
- On being diagnosed of a named critical illness. 50% of the Guaranteed Sum is paid out to meet medical costs.
TERMINATION BEFORE MATURITY
Any termination before the 1 year minimum duration of the plan attracts 10% penalty charge.
CASHING OUT
- A notice of claim should be written to the Company
- Documentary Evidence (Death Claim)
- Death Certificate
- Medical Certificate of cause of death
- Burial Certificate
- 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