Manifold Endowment Plan

• Security: Provides financial protection to beneficiaries in the event of the policyholder’s death with Minimum benefit of ₦500,000 and maximum benefit of ₦1,000,000,000.
• Flexibility: Flexible policy terms ranging from 6 to 15 years
• Partial maturity payments: 25% periodic partial withdrawals before maturity
• Maturity benefit: 100% payout of the chosen sum assured at maturity, even without a claim 
• Personal accidental medical expenses: Accidental medical coverage benefits to the tune of ₦50,000
• Reversionary Bonus: 2% payout rate at maturity
• Budget-friendliness: Minimum premium amount of ₦10,000 monthly
• Premium frequency: Simplified choices from monthly, quarterly, half-yearly, yearly, or single payment options.
• Policy duration: 6 years, 9 years, 12 years and 15 years
• Entry age: 18 – 64 years
• Maximum exit age: 70 years

Documents required to sign up

• Valid means of identification (National identification card, Driver’s License, International Passport or Voters card)
• Passport photograph
• Utility Bill (within the last six months); utility bill can be telephone bill, bank account statement, electricity bill or tenancy agreement
• Completed proposal form 
• Payment of premium amount

To report a claim, you can call us on 0201 270 6801 or email us at [email protected]

• What is the Stanbic IBTC Manifold Endowment Plan? It is a life assurance plan that provides financial protection against death or total permanent disability, while also offering maturity benefits and partial withdrawals during the policy term.
• What is the maturity benefit? At the end of your chosen policy term, you will receive 100% of your sum assured plus a 2% annual reversionary bonus.
• What is the reversionary bonus? It is a guaranteed 2% bonus accrued annually on the policy, payable only at maturity.Personal accidental medical expenses cover for the policyholder
• What happens if the policyholder dies after receiving partial withdrawals? The full death benefit (sum assured) is still payable to the beneficiaries, regardless of any partial withdrawals already taken provided premium is paid to date.
• What is the minimum and maximum sum assured? Minimum: ₦500,000 and Maximum: ₦1,000,000,000
  What is the maturity benefit? At the end of your chosen policy term, you will receive 100% of your sum assured plus a 2% annual reversionary bonus.
• What is the minimum premium I can pay? The minimum premium is ₦10,000 per month, ₦30,000 per quarter, ₦60,000 per half year, ₦120,000 per year, ₦500,000 for one-off premium.
• What premium payment options are available? Premiums can be paid monthly, quarterly, half-yearly, yearly, or as a one-time lump sum.
• What are the policy duration available? You can choose from durations of 6, 9, 12, or 15 years.
• Can I cancel my policy? Yes. You can cancel within the15-day cooling-off period i.e. 15 calendar days from the date you receive your policy document. Your premium will be refunded within 3 working days.
• What medical expense benefit is available? The policy covers 1% of the sum assured (up to a maximum of ₦50,000 per annum) for annual accidental medical expenses.
• Who should consider this plan? This plan is ideal for individuals and families looking for a blend of life protection, investment growth, financial flexibility, and guaranteed payouts over a medium to long term period.