Cornerstone Insurance Insight: How C-REST Plan helps customers save with life cover

Cornerstone Insurance Plc offers policyholders a savings and life insurance solution through its Cornerstone C-REST Plan, designed to provide financial protection while helping policyholders build savings over a specified period.

The C-REST Plan is a life insurance policy that combines a savings plan with life insurance cover. Under the policy, a death benefit known as the Sum Assured is payable to the named beneficiary or beneficiaries if the policyholder dies during the policy term.

According to Cornerstone Insurance, the plan provides a lump-sum benefit alongside accumulated savings in the event of the policyholder’s death.

At the end of the policy term, the policyholder is entitled to receive the total investment and accrued interest on the policy.

The C-REST Plan allows customers to choose between single or regular premium payments, giving them flexibility in how they contribute to the policy.

The policy can run for a minimum of one year and a maximum of 10 years. Entry is available to individuals from age 18, with a maximum entry age of 65.

Another feature of the plan is its relatively low minimum contribution. Customers can start with a minimum investment contribution of N3,000 per month, with the option to increase their contributions at any time during the lifetime of the policy.

The policy also provides a three-month waiting period from the date of inception before the death benefit becomes payable, subject to the terms and conditions of the policy.

The C-REST Plan therefore combines two financial objectives—building savings over a defined period and providing life insurance protection for the policyholder’s beneficiaries.

For individuals seeking a structured savings arrangement with an accompanying life insurance benefit, the product provides an option to save regularly or through a single premium while maintaining life cover during the policy term.

Customers can obtain more information by visiting any Cornerstone Insurance branch nationwide, calling 07086216957, or exploring the company’s offerings online at www.cornerstone.com.ng.