Hello...

Okay, I will be brief.

(I'm not a good writer so please pardon my grammatical errors )

I was recently introduced to First Bank Insurance policy by a marketer. The marketer said the minimum year slated for such policies is 5 years and the minimum amount is 5,000. I got interested and opted for the 5years/5,000 monthly policy option. I made my first monthly payment and I was issued a receipt.

My question is, considering how frustrating and neglecting banks can be, did I make a wise decison? Is it really advisable to continue such a policy? Has anyone encountered problems or anything of the kind while operating such insurance policies? And has anyone received payments and corresponding interest when their money matured?


N.B: I've only processed my first monthly payment. If it's already too late to get my payment back, I can still back out right?

Thanks for your inputs