MY Life

The MyLife Plan provides financial protection for you and your loved ones in the event of death or disability. A lump sum is paid to your chosen beneficiary in the event of your passing, with four benefit levels available to match your needs. Claims are typically processed within 48 hours once all required documents are received.

Benefits

In the case of disability, if you’re unable to work for more than seven days due to illness or injury, a monthly benefit equal to 10% of your selected death benefit is paid for up to three months, provided medical proof of incapacity is submitted.

Covered conditions include:

• Loss of limb, sight, hearing, or fingers
• Internal injuries, fractures, or sprains
• Stroke or heart attack

The total payout for death and disability within a policy year cannot exceed the selected benefit level. There is no waiting period for accidental death, a 90-day wait for natural death and disability, and 12 months for suicide-related deaths.

The policy runs for 12 months and renews automatically each year. Policyholders can cancel with 30 days’ notice, while the insurer may cancel in cases of fraud. Premiums are based on the insured’s age and coverage amount, increasing automatically by 10% each year along with benefits.

A one-month missed payment won’t cause a lapse, but two missed payments will. The policy can be reinstated within 60 days if no claims were made; otherwise, a new policy with a fresh waiting period will apply.

Valid NIN required for onboarding.

MyStaff Domestic

This plan offers financial protection for staffs or staff members in the event of death or disability. A lump sum is paid to the beneficiary upon the death of an insured employee, with four benefit levels to choose from. Claims are typically processed within 48 hours once all required documents are received.

Benefits

For disability, if an employee is unable to work for more than seven days, a monthly benefit equal to 10% of the death benefit is paid for up to three months, provided medical proof of incapacity is submitted.

Covered conditions include:

• Loss of limb, sight, hearing, or fingers
• Internal injuries, fractures, or sprains
• Stroke or heart attack

The total payout for death and disability within a policy year cannot exceed the selected benefit level. There is no waiting period for accidental death, a 90-day wait for natural death and disability, and 12 months for suicide-related deaths.

The policy runs for 12 months and renews automatically each year. Policyholders can cancel with 30 days’ notice, while the insurer may cancel in cases of fraud. Premiums are based on the insured’s age and coverage amount, increasing automatically by 10% each year along with benefits.

A one-month missed payment won’t cause a lapse, but two missed payments will. The policy can be reinstated within 60 days if no claims were made; otherwise, a new policy with a fresh waiting period will apply.

Valid NIN required for onboarding.

MyTeam (SMEs, Societies or Groups)

This plan offers financial protection for employees in the event of death or disability. A lump sum is paid to the beneficiary upon the death of an insured employee, with four benefit levels to choose from. Claims are typically processed within 48 hours once all required documents are received.

Benefits

For disability, if an employee is unable to work for more than seven days, a monthly benefit equal to 10% of the death benefit is paid for up to three months, provided medical proof of incapacity is submitted.

Covered conditions include:

• Loss of limb, sight, hearing, or fingers
• Internal injuries, fractures, or sprains
• Stroke or heart attack

The total payout for death and disability within a policy year cannot exceed the selected benefit level. There is no waiting period for accidental death, a 90-day wait for natural death and disability, and 12 months for suicide-related deaths.

The policy runs for 12 months and renews automatically each year. Policyholders can cancel with 30 days’ notice, while the insurer may cancel in cases of fraud. Premiums are based on the insured’s age and coverage amount, increasing automatically by 10% each year along with benefits.

A one-month missed payment won’t cause a lapse, but two missed payments will. The policy can be reinstated within 60 days if no claims were made; otherwise, a new policy with a fresh waiting period will apply.

Valid NIN required for onboarding.

FuneralCuva

Planning ahead can make all the difference. With FuneralCuva, you can ensure your loved ones have the support they need to celebrate your life without financial stress.

Benefits

Our Funeral Plan provides financial support to your loved ones when it matters most. The policy covers the main member, spouse, adult dependents, and extended family members, with optional cover available for child dependents. You can choose from six benefit options, each offering a maximum payout for adults and a corresponding benefit for children:

• ₦250,000 for adults and ₦80,000 for children
• ₦500,000 for adults and ₦160,000 for children
• ₦750,000 for adults and ₦240,000 for children
• ₦1,000,000 for adults and ₦320,000 for children
• ₦1,500,000 for adults and ₦480,000 for children
• ₦2,000,000 for adults and ₦640,000 for children

Claims are paid within 48 hours once the required documents — a death certificate, banking details, and a completed claim form — are received.

CreditLife

Benefits

CreditLife gives both borrowers and lenders peace of mind. By covering loan balances in the event of a borrower’s death, this product ensures financial security for everyone involved.

• Comprehensive Protection: Covers loans up to N2,000,000.
• Flexible Terms: Available for loans between 3 to 60 months.
• Convenient Payments: Premiums paid monthly.

Why CreditLife?

Protect your finances, reduce risk, and gain peace of mind. With CreditLife, loans are secured and everyone wins.