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Life Savings plan is a medium/long-term savings plan towards any financial target. The savings plan comes with free life insurance worth up to ₦1million. This Life insurance helps you support your loved ones/family in case of unforeseen circumstances.
With a monthly contribution as low as ₦1,000 in the Life Savings plan, you can protect your financial future & your loved ones. Get free life savings quote to know how much life insurance you will get with your monthly savings.
This plan runs for a minimum of one year and the returns/interest accrued at the end of the desired tenure is benchmarked using the CBN savings rate. See below the different contribution bands, projected interest rates and applicable FREE Life Cover.
| Monthly Savings (₦) | Benchmark & Rate | Free Life Cover (₦) |
| 1,000 - 1,999 | CBN Savings rate + 2.75% | 50,000 |
| 2,000 - 4,999 | CBN Savings rate + 2.75% | 100,000 |
| 5,000 - 9,999 | CBN Savings rate + 2.75% | 200,000 |
| 10,000 - 24,999 | CBN Savings rate + 2.75% | 300,000 |
| 25,000 - 49,999 | CBN Savings rate + 2.75% | 500,000 |
| 50,000 and Above | CBN Savings rate + 2.75% | 1,000,000 |
For a more flexible savings option without life insurance cover, open a Money Market Fund account.
Stay in the picture, enjoy living benefits today courtesy our life insurance plans
