Cornerstone Insurance Insight: Safeguarding families with Flexi Plan
Cornerstone Insurance Plc
Nike Popoola
Cornerstone Insurance Plc, a leading insurance company in Nigeria, has continued to position itself as a dependable partner for breadwinners and guardians seeking long term financial protection for their dependants.
One of the solutions provided by the company is the Cornerstone Flexi Plan, a flexible endowment policy designed to combine protection, savings and convenience.
Speaking on the product, the Managing Director and Chief Executive Officer of Cornerstone Insurance Plc, Mr Stephen Alangbo, explained that the Flexi Plan is structured to meet the varying financial capacities of Nigerians.
According to him, “The Cornerstone Flexi is an endowment policy that offers a lump sum amount on maturity of the contract or upon the death of the policyholder. Its flexibility makes it easy for individuals to pay premiums upfront, either annually, bi annually, quarterly or monthly.”
A feature of the Flexi Plan is the loan option, which allows policyholders to access up to 70 per cent of the policy’s surrender value, provided the policy has been active for a minimum of two years.
The policy is available for durations of six, nine, twelve and fifteen years, with a minimum sum assured of one million naira. On maturity, policyholders are entitled to a three per cent payable bonus, further enhancing the value of the plan.
In terms of benefits, the plan guarantees that named beneficiaries receive the full sum assured alongside any accrued bonuses if the insured dies before the policy matures. Policyholders also enjoy access to the loan facility after two years, offering financial support when needed without terminating the policy.
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.
