Cornerstone Insurance Insight: Promoting savings culture with iSave Plan
Managing Director/Chief Executive Officer of Cornerstone Insurance Plc, Mr. Stephen Alangbo
Nike Popoola
Insurance is not just about claims after a loss; it is a strategic tool for wealth creation and financial discipline. In line with this evolving role, Cornerstone Insurance Plc has developed products, such as iSave, a flexible savings plan designed to help Nigerians build a strong savings culture while working toward defined financial goals.
The iSave Plan enables policyholders to accumulate a lump sum over a 24-month period while earning a competitive interest rate. According to the Managing Director/Chief Executive Officer of Cornerstone Insurance Plc, Mr. Stephen Alangbo, the product is tailored to support long-term financial planning.
“iSave is an enhanced savings plan that assists individuals in building a lump sum over 24 months while paying a competitive interest rate,” Alangbo said.
Although premature termination and withdrawals are permitted, these are with conditions.
The plan is open to individuals under the age of 65, with a policy term of two years, renewable upon completion. Policyholders may surrender the policy after a minimum of 13 months without withdrawal fees, while contributions start from as low as N5,000.
Beyond savings, iSave provides life insurance coverage, with a sum assured ranging from N100,000 to N1 million. In the event of death, both the account balance and the sum assured are paid to the named beneficiary.
Designed to help meet future needs such as school fees, home ownership, or starting a business, iSave blends protection with disciplined savings.
For more information, visit any Cornerstone Insurance branch, call 0708 621 6957, or visit www.cornerstone.com.ng.
