• Endowment Assurance
Children Education
• High Yield Assurance Plan
• Automatic Increment Benefict Plan
• Anticipated Endowment
• Whole Life Assurance
• Term Assurance
• Group Life Assurance

• What enduring Legacy Can, We Bequeath To our Children?  Knowledge!

  With knowledge comes power! And Ability!! Education brings knowledge and with knowledge power is acquired and with power, drive and ability success is guaranteed. Education makes people easy to govern but impossible to enslave. 

  There is no better legacy to leave behind for our children than education which forms the economic, political and social power and weapon they can use anywhere in the world to achieve success.

  As responsible and loving parents, it should be of paramount importance to us to plan for the future progress and development of our children.

  The success of any programme geared towards achieving this end should be a source of joy and relief to us and this why Alliance and general Insurance Company Limited has come out with this plan that ensures the key to success Alliance & General Children Education Policy.

  One of the greatest challenges facing parents in our modern day Nigeria is the up-bringing and training of our offspring's. It is common knowledge that the cost of educating one's child has gone up hundred fold unlike what it used to be. How then does one fulfill this desire in times like these when its almost impossible accumulating money to make periodic bulk payments such as School Fees.

  How does one accomplish this desire to give them the best in terms of education; the desire to educate them thereby making them better Adults in future? the only certain way of doing this is t start their education savings TODAY and do it the Alliance & General Way.

  1. HOW DOES THE POLICY OPERATE
     Alliance children education policy operates in such a way that the parent pays in premium periodically for an agreed period based on the educational programme of the child after which the benefit (sum assured) will be paid by us with interest (Bonus) to take care of the named child's education. the policy is taken on the life of the parent (father, mother or guardian) for the benefit of the child for a specific amount and for an agreed number of years.
  2. WHEN IS THE BENEFIT PAYABLE?
     It is payable with interest at the end of the selected period either en-block or instalmentally as the parent may wish.
  3. WHAT HAPPENS IF THE CHILD DIES BEFORE
     On the happening of this unfortunate incident the parent may decide to substitute with another child or ask for refund of the premiums which will be paid with at least 3% compound interest.
  4. WHAT IF THE PARENT DIES?
     This in fact is the main purpose of the cover. On death of the parent, premium payment ceases but t he benefit will not be paid until the end of the selected period. This is so because paying the benefit before the end of the chosen period (i.e. when the child will need the money) will run contrary to the aim and objective of the parent. This guarantees that whether the parent is alive or not, the child's education will not be hindered in any way.
  5. WHAT HAPPENS BETWEEN WHEN THE PARENT DIES AND WHEN THE BENEFIT BECOMES PAYABLE?
     At a little extra cost, a maintenance allowance can be incorporated into the policy to take care of the child until the benefit is paid. This is optional.
  6. DOES THIS POLICY TAKE CARE OF THE EFFECT OF INFLATION ON THE BENEFIT PAYABLE?
     YES, Your children education policy can be arranged on "escalating benefits" basis. this means that the benefit increases automatically at regular intervals until the end of the day the real monetary value of the policy is not eroded by inflation. for incremental interval of 2 years, the benefit increases by 10% while it is 50% for every 5 years interval.
  7. WHAT IS THE MINIMUM BENEFIT (SUM ASSURED)?
     The minimum sum assured is =N=50,000.00 only
  8. WHAT OTHER BENEFITS DOES ONE DERIVE FROM THE POLICY?
     In come Tax Relief:- Premium paid qualifies for deduction from income before determining your taxable income.
     Reversionary Bonus:- A reversionary bonus is payable with the benefits at maturity .
     Annual Bonus:- A cash bonus of not less than =N=500.00 is payable at every Eld-El-Kabir every year throughout the duration of the policy - this is optional.
     Policy Loan :- the policy can be pledged with us for the purpose of obtaining loan after it has been in force for at least two years. The maximum loan obtainable however cannot be more that 90% of the surrender Value
     

   

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