Cornerstone Insurance Insight: Boosting financial discipline through iSave Plan
Cornerstone Insurance Plc
As financial planning becomes increasingly important, insurance is taking on a broader role beyond risk protection to include wealth creation and disciplined savings. In line with this shift, Cornerstone Insurance Plc’s product, iSave, a flexible savings plan, was designed to encourage a stronger savings culture among Nigerians while helping to achieve long-term financial goals.
The iSave Plan allows policyholders to build a lump sum over a 24-month period while earning competitive returns on their contributions. According to the Managing Director/Chief Executive Officer of Stephen Alangbo, the product is structured to support individuals seeking financial discipline and future security.
He described iSave as an enhanced savings solution that helps customers accumulate funds over two years while enjoying attractive interest rates.
The plan is available to individuals below 65 years and runs for an initial two-year term, with an option for renewal upon maturity. Contributions start from as low as N5,000, making it accessible to a wide range of Nigerians.
Policyholders can surrender the policy after at least 13 months without withdrawal charges, though early withdrawals and premature termination are subject to conditions.
Beyond savings accumulation, the plan also provides life insurance protection, with a sum assured ranging from N100,000 to N1 million. In the event of the policyholder’s death, the beneficiary receives both the accumulated account balance and the sum assured.
Designed to support goals such as education funding, home ownership, or business startup capital, iSave combines disciplined savings with financial protection.
Interested customers can visit any branch of Cornerstone Insurance Plc, call 0708 621 6957, or visit the company’s website for more information.
