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Leadway Combo Plan (5) - 1

The Leadway Combo Plan is a group risk insurance that offers financial protection to members in the event of death, with a lump sum benefit payable to the group. It requires a minimum of 25 members and has no medical underwriting, with coverage renewable annually for members aged 18 to 69. The plan features affordable premiums, a maximum death benefit of 1 million for members under 50, and optional extra risk cover for accidental permanent and total disability.

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159 views2 pages

Leadway Combo Plan (5) - 1

The Leadway Combo Plan is a group risk insurance that offers financial protection to members in the event of death, with a lump sum benefit payable to the group. It requires a minimum of 25 members and has no medical underwriting, with coverage renewable annually for members aged 18 to 69. The plan features affordable premiums, a maximum death benefit of 1 million for members under 50, and optional extra risk cover for accidental permanent and total disability.

Uploaded by

dwizzy316
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
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Download as PDF, TXT or read online on Scribd
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Leadway Combo Plan

Keep Your Members Protected.


What’s better than a single life protection? Group Protection.
With this plan, you can stay protected together.

Corporate Office: Registered office: Website: www.leadway.com


121/123 Funso Williams Avenue, Iponri, NN 28/29 Constitution Road, Email: insure@leadway.com or lcs@leadway.com
G.P.O Box 6437, Marina Lagos Kaduna Telephone Number: 01-2800700

Authorized and Regulated by the National Insurance Commission, RIC NO. 025
Product Overview
Leadway Combo Plan is a group risk plan that provides non-medical underwritten financial
protection to group members. Benefit payable is a lump sum in the event of death of any member of
the group. This product applies only to associations/groups where minimum member size is 25 and
the uptake of the product is not optional for members, provided that only members will be covered.

How it works
• Leadway Combo Plan provides a lump sum benefit on death of a member and saves the
association the cost of raising an unplanned compensation for the deceased member’s family.

• Clubs, Unions, Associations and Societies can provide desired benefits for their members.

• No medical underwriting requirements.

• Cover is renewable annually. Minimum age at entry is 18. Maximum entry age is 69.

• Duration is 1 year, and it is renewable.

The Benefits The Features

• Group members pay an annual premium


• Affordable premium cost because of group rating.
which is remitted as a bulk payment and in
• Deathbenefit payable on death during the policy the event that any member dies within the
term is a maximum free cover limit of 1 million,
year, the sum assured is payable to the
when the member’s age is not more than 50 years
old and N500,000 when the member’s age is over association. This amount is expected to be
50 years. delivered to the beneficiaries of the deceased.
Please note that non-accident death is subject
• OptionalExtra Risk Cover for Accidental
Permanent and Total Disability (PTD) of up to to 3 months waiting period.
N500,000.

• Premium payable per life will be based on the


• Where this rider is chosen, the benefits
of death and accidental PTD are accelerated, member’s age group.
meaning if death occurs after PTD, the death
benefit will be less what has been paid on PTD.

We are social: Connect with us today


Leadway Assurance Company Ltd @leadwayassurance @leadwayinsure, @leadway_help

@leadwayassurance Leadway

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