LASACO Investment Plan
It has flexible terms, a minimum duration of 5 years and pays a lump sum benefit at early death or maturity
Features of LASACO Investment Plan Insurance Policy
Flexible Premium Payment
You choose a mode of payment convenient for you i.e. Monthly, Quarterly, Half-Yearly, Yearly or Single Premium.
Termination of the contract
This policy allows for termination of contract before 2 years subject to administrative charge of 5% of the account balance
Provides for cash withdrawal
Provides for cash withdrawal of 40% of the account balance only after two years
Death before Maturity
If death occurs before the maturity date, the beneficiary shall receive 90% of total contributions paid and basic sum assured
Hedges against inflation
Our Investment Plan protects you against a decrease in the real value of money.
Minimum tenure of 5 years
At the end of the policy term, the policyholder shall receive the basic sum assured plus the accrued interest
A suite of amazing policy benefits tailored to your specific needs
An avenue for compulsory savings with absolute security
It serves as security for loan
It can be used to secure a loan from any licensed bank in Nigeria
Premium is Tax Exempt
Plan for your investment
Accrued savings can be used for capital projects and investment because our Investment Plan has an enhanced liquidity position.