Goodday everyone,this thread is to educate you on insurance policies that LASACO ASSURANCE PLC offer.

Incase you find anyone useful to you.you can drop your contact here .

It is fast becoming a huge task funding qualitative education these days,with school fees up to the university level estimated at between #500,000 and #5,000000 what guarantee do you have regarding continous funding of your child's education?
Your child is so precious that his/her future cannot be left to the hazard and uncertainties of life
The world has become more competitive in orientation practice,only quality education will prepare your child for this challenges of the future.

The LASACO CHILDREN EDUCATION PLAN has been designed to take care of the afformentioned uncertainities.It helps to secure your child's education from:primary age(0-10years),secondary age(0-16years),tertiary age(0-21years)
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FEATURES OF THE POLICY: flexible payment(monthly,quarterly,half yearly or yearly)--Avenue for compulsory saving with absolute security.--minimum tenure of 5years.--flexible duration above 5years.--provides a life assurance cover.--it is transferable to any child of the assured in the event of death of student.

BENEFIT OF THE POLICY: Guarantees child's education.--security of savings with return.--It ensures availability of funds at a pre-selected age of the child's education.-- It attracts waiver of subsequent premiums in the event of death of the assured.-- policy loan benefit.--It serves as collateral for loan.
am glad you know the worth of education.more than 50% of children roaming on the street,are children whose parent died binging their education to an end.If insurance like this was done on their behalf,their would have been continuos funding of their education
The savings comes with interest.and the interest rate depend on how you pay i.e quarterly,monthly,half yearly or year.minimum amount is 10,000 monthly.so you can choose to pay 10,000 monthly or 40000 quarterly,60000 half yearly or 120,000 yearly.
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To save for your child/ward's education,whether you are alive or after death.if you use the minimum duration of 5yrs,and the person has paid premium of 2 years for example and you pay monthly,LASACO would pay the beneficiary #678,000 despite the fact that the person has not completed payment of sum assured which is 600,000(10*12months*5years).
‎Quarterly payment gets#683,000,semi yearly 690,000,yearly #705,000.

The money would paid to the beneficiary if the person paying for the insurance drops dead,or has permanent disability which can make he/she stop paying the premium.‎
‎That's the summary of the child(ren) education policy.we all know death is inevitable,although we pray for long life.This policy is just to cater for our child(ren) education if paraventure death occurs/permanently disability that may hinder child(ren) education,and if it doesn't it's still a way of saving towards the child(ren) education.
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LASACO INVESTMENT PLAN is a policy that is good for an individual currently into business or an individual that intends to save for a purpose.

FEATURES OF THE POLICY

Flexible premium payment.
Minimum duration of 5years.
Provides for cash withdrawal of 40% of 2years account balance, after 2years premium must have been paid.
Termination of the contract before 2years is allowed subject to administrative charge of 5% of the total account balance as at that period.
At the end of the policy duration, the policy holder shall receive the basic sum assured plus the accured interest.
If death occurs before the maturity date the beneficiary(ies) shall receive (a) 90% of the total contributions and (b) the sum assured ,provided premiums has been paid up to date.

Example if client is on a plan of 5years and on payment of 10,000naira monthly which is the minimum (10,000 12 5years= 600,000).600,000 naira is the sum assured for that mode of payment.so if the insurer dies, beneficiary receives 90% 0f the total contribution as at that period plus 600,000naira.note that sum assured has subject to increase depending on mode of payment and duration of policy.

BENEFITS OF THE POLICY

An avenue for compulsory saving with absolute security.
Premium paid is subject to tax relief (tax rebate).
Enhances liquidity position .
Guarantees the payment of the cost of future education of your child(ren).
Helps you plan ahead of your investment .
Serves as collateral for loan.
Provides life assurance for the family in case of untimely death.

For those that have called asking if they have to pay without seeing me.NO,u can't. You have to invite me over or come see me at work for more details and application process.

Enjoy income protection.Think LASACO!

CnCstore:
LASACO INVESTMENT PLAN is a policy that is good for an individual currently into business or an individual that intends to save for a purpose.

FEATURES OF THE POLICY

Flexible premium payment.
Minimum duration of 5years.
Provides for cash withdrawal of 40% of 2years account balance, after 2years premium must have been paid.
Termination of the contract before 2years is allowed subject to administrative charge of 5% of the total account balance as at that period.
At the end of the policy duration, the policy holder shall receive the basic sum assured plus the accured interest.
If death occurs before the maturity date the beneficiary(ies) shall receive (a) 90% of the total contributions and (b) the sum assured ,provided premiums has been paid up to date.

Example if client is on a plan of 5years and on payment of 10,000naira monthly which is the minimum (10,000 12 5years= 600,000).600,000 naira is the sum assured for that mode of payment.so if the insurer dies, beneficiary receives 90% 0f the total contribution as at that period plus 600,000naira.note that sum assured has subject to increase depending on mode of payment and duration of policy.

BENEFITS OF THE POLICY

An avenue for compulsory saving with absolute security.
Premium paid is subject to tax relief (tax rebate).
Enhances liquidity position .
Guarantees the payment of the cost of future education of your child(ren).
Helps you plan ahead of your investment .
Serves as collateral for loan.
Provides life assurance for the family in case of untimely death.

how much interest would I get for investing.

DEATHMACHINE:
how much interest would I get for investing.

Minimum of 9% compound interest

How much does lasaco charge monthly for their plan

ibiks004:
How much does lasaco charge monthly for their plan

Minimum #10,000

to pay is easy to collect your funds is wahala

Geosystem:
to pay is easy to collect your funds is wahala

It is wahala for trouble makers like you

I hope you can see that its a Lagos state govt co owned insurance company,and you can reason well to know that the state is not broke to the extent of holding on client's claim

For the records Lasaco pay claims within 2 weeks of application and at most 1month if there is need for proper investigation.