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Whole-Life Assurance Plan
The CHI Whole Life Assurance Plan is designed for individuals who desire lifelong financial protection. The policy provides cover for the entire lifetime of the policyholder, with premiums payable only up to age 65.
- Whole Life Cover: Protection lasts for the entire lifetime of the Life Assured up till Age 100.
- Waiting Period: 6 months
- Death within waiting period → Refund of premiums paid
- Grace Period: 14 days (Monthly, Quarterly), 30 days (Annual and Semi- annual premium)
- Premium Payment Term: Premiums payable up to age 65
- Reinstatement: Lapsed policy may be reinstated within 3 months, subject to payment of all outstanding premiums.
- Tax Relief: Policy qualifies for tax rebate.
Benefits
- Death Benefit: Full Sum Assured payable to the nominated beneficiary upon death
- Maturity / Survival Benefit: Not applicable.
- Surrender / Paid-Up Benefit: Not applicable.
- Age of the Life Assured
- Sum Assured selected by the policyholder
- Premium Payment Frequency(monthly, quarterly, semi-annual or annually)
- Premium Payment Term: Payable up to age 65
- Medical Underwriting(where applicable)
Get Whole Life Assurance Now!
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0700 700 0400
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info@chilife.ng
Corporate Head Office
Plot 33D Bishop Aboyade Cole Street, Victoria Island, Lagos
