Cornerstone Insurance Insight: How iSave Plan promotes wealth creation through disciplined savings
Cornerstone Insurance Plc
Insurance is increasingly moving beyond its traditional role of providing compensation after unexpected losses, with insurers now creating solutions that support wealth accumulation, financial planning and long-term stability.
In response to the growing need for structured savings, Cornerstone Insurance Plc designed its iSave Plan, a flexible savings product designed to help Nigerians develop a consistent savings habit while working towards specific financial objectives.
The product allows policyholders to build a lump sum over a 24-month period while earning a competitive interest rate, providing an avenue for individuals to plan for future needs.
According to the Managing Director/Chief Executive Officer of Cornerstone Insurance Plc, Mr. Stephen Alangbo, iSave was developed to support individuals seeking a disciplined approach to savings and financial growth.
“iSave is an enhanced savings plan that assists individuals in building a lump sum over 24 months while paying a competitive interest rate,” Alangbo stated.
The plan offers flexibility, allowing policyholders to terminate the policy or make withdrawals under stipulated conditions. It is available to individuals below 65 years, with a two-year policy duration that can be renewed upon maturity.
Policyholders can surrender the plan after a minimum of 13 months without incurring withdrawal charges, while contributions can begin from as little as N5,000, making it accessible to a wide range of customers.
Beyond its savings component, the iSave Plan also provides life insurance protection. The policy offers a sum assured ranging from N100,000 to N1 million, ensuring beneficiaries receive both the accumulated account balance and the insured amount in the event of the policyholder’s death.
Cornerstone Insurance said the product is designed to help customers achieve important financial milestones, including funding education, pursuing home ownership plans, or raising capital for business ventures.
By combining savings, investment discipline and insurance protection, the iSave Plan reflects the changing role of insurance products in helping individuals secure their financial future.
Interested customers can visit any Cornerstone Insurance branch, call 0708 621 6957, or access more information through the company’s website at www.cornerstone.com.ng.
