₦airaland Forum

Hello Nairalanders,

Allow me use this opportunity to introduce a new and dynamic, high yielding savings plan.

The Personal Savings Plan (PSP) with free life cove provides a secure vehicle for building up your savings towards any target and ensuring you and your loved ones are protected from future financial burdens.

Below is a table of the various classes of the PSP, minimum yearly contributions (can be broken down to monthly contributions) and interest rates:


CLASS Minimum Annual Contribution    Free PTD Basic Compensation     Rate P/A
Basic                   N72,000                                   N100,000           9.5%
Premium                   N150,000                   N150,000           11%
Prestige                   N500,000                   N250,000           13.5%


                Basics:

• You can start this savings plan with as little as N6,000 monthly.

• You determine how often you want to make your contributions and for how long.

• Your annual premium determines the class you are in and the interest rate accrued.

• In the event of Permanent or Total Disability (PTD) as a result of accident, sickness or otherwise. You receive the total amount contributed and an extra payment of half your total account balance to your named beneficiary.


                Options:

• Payment Frequency: With this plan you can choose the frequency of your contributions to be either monthly, quarterly, semi-annually or annually.

• Extra Life Cover: You can choose to increase the free life cover, to protect your loved ones in the case of uncertainties.

Benefits:

• Sensitive to market conditions – you earn higher returns as market conditions (interest rates) improve.

• Increase your deposits through one off or regular increments

• Annual Tax Relief: You are entitled to tax relief on all premium (money) paid.

• Tax Free: You money deposited is Tax Free – so you get the full amount on maturity.

• Guaranteed Life Cover: You are guaranteed Life Cover throughout the term of the policy.

• You are eligible to receive a loan after 2 years of contribution.

• There is no limit to the number of beneficiaries you can mention.


Hypothetical Schedule of Benefits:

Below is a hypothetical schedule of benefits over a 10 year period.


Monthly
Contribution                  N6,000 N12,500     N100,000

Annual
Contribution                  N75,000             N150,000     N1,200,000

Total Contribution
Made                             N750,000           N1,500,000  N12,000,000

Estimated
Received Benefit           N1,277,889         N2,784,214  N25,704,429


For more information contact: Sani (08083089828)

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