Occupiers Liability

February 18, 2014 | posted in: Compulsory Insurances | by

Owners or occupiers of public buildings, whether private or public are required to obtain this cover under the National Insurance Act 2003 . A “public building” is any building that is not 100 per cent used by the owner for residential purposes. Public buildings include tenement houses, hostels, residential buildings occupied fully or partly tenants,..

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Builders Liability Insurance

February 18, 2014 | posted in: Compulsory Insurances | by

Owners or contractors of buildings under construction (more than 2 floors) must purchase this insurance to provide compensation in event of bodily injury, death and property damage to workers at construction sites and affected members of the public in the event of collapse of the building and other construction risks.

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Mortgage Protection Assurance

January 30, 2014 | posted in: All Life Business Policies, Life Menu | by

Do you have a mortgage on your house or an outstanding bank loan? Then this is the contract to ensure payment of the outstanding amount in case of untimely death of the mortgagor/borrower.

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Whole Life Assurance

January 30, 2014 | posted in: All Life Business Policies, Life Menu | by

This policy ensures payment of a capital sum to the dependants on the death of the life assured whenever that may occur. Premiums are payable throughout the life time of the life assured though it can be arranged for premiums to cease at a selected age usually retirement age e. g. 50, 55 and 60..

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Term

January 30, 2014 | posted in: All Life Business Policies, Life Menu | by

Term or Temporary Assurance is a short period contract. It provides for the payment of the capital sum assured on death of the life assured within a specified period. It is useful as a collateral security for loan or to secure maximum life cover during business trips.

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Investment Linked Policy

January 30, 2014 | posted in: All Life Business Policies, Investment Menu | by

This has dual maturity ages i.e, age 55 or 60. It pays lump sum benefit at early death or at maturity. The motive is to augment the gratuity receivable by a retiree with the lump sum provided by the policy. The features and benefits are listed below: Features: Flexible premium payment Provides life assurance cover..

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LASACO Education Plan

January 30, 2014 | posted in: All Life Business Policies | by

This plan provides funds for the payment of school fees in the event of death of the sponsor, or lump sum benefit to the assured at maturity. The features and benefits are specified below Features: Flexible premium payment An avenue for compulsory saving with absolute security Minimum tenure of 5 years Flexible duration above 5..

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Lasaco Anticipated Plan

January 30, 2014 | posted in: All Life Business Policies, Investment Menu | by

This is a three payment plan it has flexible terms and a minimum duration of nine years, it pays the account balance less accumulated value of installment withdrawal (s) at maturity. The features and benefits are as shown below: Features: PLAN DURATION: The plan is available for 9, 12, 15, 18, 21 and 24 years..

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Lasaco Investment Plan

January 30, 2014 | posted in: All Life Business Policies, Investment Menu | by

This policy has flexible terms and a minimum duration of five years. It pays lump sum benefit at early death or at maturity. The features and benefits are listed below: Features: Flexible premium payment. Minimum tenure of five years. Provides for cash withdrawal of 40% of the account balance only after two years. Hedges against..

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Combined Policies

January 29, 2014 | posted in: All General Business Policies | by

We can offer a flexible package for your business or alternatively arrange a policy to be tailor made to suit your individual needs. We appreciate that each business is unique and it is on this basis that an independent approach will be adopted to ensure that the insurance is adequate for your own specific requirements.

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Authorised and Regulated by the National Insurance Commission (RIC 023)