Term Assurance
The Term Assurance Plan is ideal for individuals who want life cover for a fixed duration. It offers affordable, level premiums with flexible payment options (monthly, annually, or single payment) and ensures a lump sum payout to beneficiaries if the policyholder passes away during the term.
Whether you’re protecting your family’s future or covering specific obligations like a loan or mortgage, this plan gives you the coverage you need for the time you need it.
Insurance benefits
- Fixed-term life cover — protection for 5 to 10 years
- Customizable term — choose a duration that fits your life stage
- Lump sum benefit — paid to beneficiaries upon death during the policy term
- No savings or maturity component — pure protection at low cost
A temporary life assurance plan offering coverage for a defined period.
✔️ Pays a lump sum to your beneficiary if you pass away during the policy term
✔️ Ideal for financial planning during key life stages (e.g., raising children, paying loans)
✔️ Minimum policy term: 5 years
✔️ Maximum policy term: 10 years
✔️ Choose a duration based on your financial goals and obligations
If the policyholder survives the term, the policy ends with no payout.
✔️ This is a pure protection plan — no savings or investment component
✔️ Affordable because it focuses solely on life cover
Get Insurance
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+234 ‑ 2012912543, 02012912532
Send email
info@chilife.com
Corporate Head Office
Plot 33D Bishop Aboyade Cole Street, Victoria Island, Lagos
