Truth of the matter is that, many people dont know the difference between insurance and banking.
N.B
Banking is not savings, bank is used for safe keeping of funds, that is why whenever yiu need money you just withdraw using ur atm e.t.c which your acct still charged on each transactions you make.

The real savings is with insurance, insurance helps in building savings habits that is why there is always a surrender charge whenever the contract is not due and its being terminated.

There are two types of insurance;
1. Risk
2. Endownments

Risk insurance, is a type of insurance where by there is no insurable interest except or death ground or permanent disability.

Endownment insurance, is a type of insurance with insurable interest attached to it.

N.B
If you pay your premium at when due till it matures then yoy will have no issue with insurance, when there is an issue is when the contract is breached. A contract breached or terminated results to what we call "surrender charge" this is a charge on defaulters as a way of penalising defaulters.

This policies is overseered by our governing body known as NAICOM.

FBN INSURANCE COMPANY IS NOT SCAM

Please if you have issues partaining your money, reach out to your Financial Advisors(except he/she is not efficient)

If you have any issues you can call me on 07019962484
I am very efficient and you wont regret having me to take care of your financial plans.