Stanbic IBTC Manifold Endowment Plan
Stanbic IBTC Manifold Endowment Plan
Overview
The Manifold Endowment Plan is a comprehensive life insurance product designed This is an Endowment Assurance policy that provides cover against Death/Total permanent disability and pays benefits equivalent to the original sum assured. The sum assured is payable in three (3) instalments, with payment of death benefits guaranteed, notwithstanding the payment of any instalment(s).
Stanbic IBTC Manifold Endowment Plan
Secure your future with a flexible and rewarding insurance solution tailored to protect you and your loved ones.
Key Benefits
| Feature | Description |
| Death Benefit | If the policyholder passes away before the policy matures, the full sum assured is paid to the beneficiary. |
| Accidental Total Permanent Disability | If the policyholder becomes medically certified as totally and permanently disabled due to a physical accident before maturity, the full sum assured is paid. |
| Maturity Benefit | At the end of the selected policy term, the full sum assured is paid to the policyholder. |
| Reversionary Bonus | A 2% annual bonus is added to the policy, increasing its value over time. |
| Partial Maturity Payments | The sum assured is paid in three instalments: 25%, 25%, and a final 100% (including bonus). Death benefit remains guaranteed throughout. |
| Personal Accidental Medical Expenses | Covers medical expenses up to 1% of the sum assured, capped at ₦50,000 per annum. |
| Surrender Value | A reduced cash value is payable depending on the policy year and term if customer decides to terminate. No surrender value is available within the first 2 years and/or if less than 2 years of premiums have been paid. |
Payment & Flexibility
| Feature | Details |
| Premium Frequency | Choose from monthly, quarterly, half-yearly, yearly, or single payment options. |
| Minimum Premium | ₦10,000 per month, ₦30,000 per Quarter, ₦60,000 per Half yearly, ₦120,000 per Yearly, ₦500,000 Single premium |
| Cancellation Policy | - Cancel within a 15-day cooling-off period of receiving contract document. - Premiums are reversed within 3 working days of cancellation request. |
Cover Benefits – Stanbic IBTC Manifold Endowment Plan
Explore the comprehensive protection and financial growth this plan offers. Whether you're planning for the future or safeguarding your loved ones, these benefits are tailored to give you peace of mind.
Core Benefits
| Benefit Type | Details |
| Death Benefit | Provides financial protection to beneficiaries in the event of the policyholder’s death. - Minimum Benefit: ₦500,000 - Maximum Benefit: ₦1,000,000,000 |
| Accidental Total Permanent Disability | Pays out if the policyholder is medically declared totally and permanently disabled due to a physical accident. - Minimum Benefit: ₦500,000 - Maximum Benefit: ₦1,000,000,000 |
| Maturity Benefit | At the end of the policy term, 100% of the chosen sum assured is paid out, plus any accrued reversionary bonus. |
| Partial Maturity Payments | The sum assured is paid in three instalments: - First Tranche: 25% of sum assured - Second Tranche: 25% of sum assured - Final Tranche: Remaining balance as maturity benefit |
Additional Protection
| Benefit Type | Details |
| Personal Accidental Medical Expenses | Covers medical expenses due to accidents. - Annual Benefit: 1% of sum assured . - Maximum Annual Limit: ₦50,000. - It cannot be accumulated. |
Policy Details
| Criteria | Details |
| Entry Age | 18 – 64 years |
| Maximum Exit Age | 70 years |
| Policy Duration | 6 years, 9 years, 12 years and 15 years |
| Minimum Premium | ₦10,000 per month, ₦30,000 per Quarter, ₦60,000 per Half yearly, ₦120,000 per Yearly, ₦500,000 Single premium |
Who Is It For?
- Individuals seeking financial protection for their loved ones
- Families planning for long-term financial goals
- Professionals looking for flexible insurance with investment benefits
- Anyone who values security, flexibility, and growth in one package
Flexibility That Works for You
Life changes and your insurance should adapt. The Manifold Endowment Plan is designed to evolve with your needs, offering options to adjust coverage, access funds, and plan confidently for tomorrow.
How It Works
- Choose your coverage amount and policy term
- Pay regular premiums based on your selected plan
- Enjoy life protection throughout the term
- Receive a lump sum payout at maturity
- Access partial withdrawals at intervals during the term
Ready to Take the Next Step?
Secure your future today with the Stanbic IBTC Manifold Endowment Plan.
To get started, speak with a financial advisor today.
Contact us: Email icon: [email protected] | Phone call icon: 0201 270 6801