Asset Loan Protection Plan

Asset Loan Protection Plan

Asset Loan Protection Plan   protects the insured against accidental damage of goods for the time in transit on land, rail and inland waterways within Nigeria or during loading and unloading. The duration of the cover is equivalent to the loan tenure.

Sum assured is limited to the three options provided in the product features. Our premium is fixed and is paid upfront according to its grades of payment which is listed below;

  •   1,000 for bronze
  •   2,500 for Silver
  •   5,000 for Gold

* Claim is given on a fixed amount when a loss occurs which is listed below

  • A bronze package gets a claim of N10,000
  • A silver package gets a claim of N25,000
  • A gold package gets a claim of N 50,000