Family Sheild Plan

Family Shield is a low cost annual renewable plan aimed at providing financial support in the event of the death or permanent disability of the policyholder. The plan pays the chosen cover amount to the beneficiary of the policyholder to meet immediate financial needs.

  • The minimum annual Sum Assured is NGN500,000 and the minimum premium is N4,000 per annum
  • The sum assured can be increased to 750,000 and 1,000,000 maximum for premium of 6,000 and 8,000 respectively
  • Premium charged are on an annual basis.
  • No medicals required
  • Premium payment mode: Single annual payment


  • Financial security
  • Life cover for the life assured in case of death or permanent disability

Eligibility Criteria:

  • Minimum age at entry: 18 years
  • Maximum age at entry: 60 years

Claims Payment:

In case of the policyholder’s demise, a claim can be made on the policy provided the company has accepted the application, received the premium and had confirmed this information to you either via email or text message. However, there is a waiting period on this policy.

Please do not pay cash to/through our Financial Advisor or staff.

Waiting Period:

A waiting period of 3 months is applicable on this policy. Within this period, no claims can be made on any death resulting from natural causes. This will only apply in the first policy year.

Where policyholders renew automatically, there will be no waiting period from the first and subsequent renewals. This will also only apply if policyholder continuously renews.


There is no provision for cancellation or return of premium under this plan.

Surrender/Maturity Benefits:

There is no Surrender/Maturity benefit payment on the plan.


The company will consider Death Claims subject to the following conditions:

  • The Policy must be active
  • Claims will be paid only for accidental deaths occurring during the three-month waiting period

Please do not pay cash to/through our Financial Advisor or staff.

Premium can be paid through the following channels:

  • Complete a direct debit form
  • Complete a standing instruction form with your bank
  • Electronic transfer from your account to our account
  • Deposit into our bank account
  • Please include your name and policy number on all payments.

Please do not pay cash to/through our Financial Advisor or staff.

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