Tuesday, July 15, 2025
24.3 C
Lagos

Stanbic IBTC Insurance Unveils Comprehensive Funeral Expenses Cover – Sunset Benefit Plan

Stanbic IBTC Insurance Limited, a subsidiary of Stanbic IBTC Holdings Plc, has unveiled its latest insurance product, the Sunset Benefit Plan, to help customers celebrate a life well spent and provide comprehensive funeral expenses coverage and financial security during bereavement or loss of their loved ones. This innovative insurance solution will transform the industry and bring peace of mind to policyholders and their families.

Akinjide Orimolade, Chief Executive, Stanbic IBTC Insurance Limited expressed his excitement about the Sunset Benefit Plan, emphasising its importance in financial planning.

He stated: “Having a comprehensive funeral expenses cover is a crucial part of financial planning as it ensures that you are not caught unprepared when the unexpected happens. With The Sunset Benefit Plan, we are thrilled to introduce an insurance product that eases the burden of funeral expenses with the passing of a loved one. With this plan’s flexibility and customisation options, individuals can tailor their coverage to match their unique financial situations.”

The Sunset Benefit Plan offers a wide range of benefits, making it a comprehensive solution for funeral costs. It covers policyholders and their loved ones, including spouses and parents or parents-in-law, with a next birthday age of up to 75 years at entry into the policy. The loved ones can be added through extra premium payments, allowing for a personalised experience.

Premium for the Sunset Benefit can be paid within a five-year period or paid till the age of 70 for policy holders who take up the policy after age 65.

Titi Ogungbesan, Executive Director, Business Development at Stanbic IBTC Insurance Limited, highlighted the various additional benefits for policyholders. These additional benefits include cover for interment, grocery, catering, childcare, and a cashback benefit applicable to payment plans up to age 70. This cashback feature allows policyholders to receive a refund equivalent to 12-month premiums every five years, provided premiums are up-to-date and no claims have been made on the policy.

The plan allows for payment of the benefit on the death of loved ones who are covered under the plan. The policy holder will choose the benefit payable upon the occurrence of death. The plan also allows for waiver of premium where the policy holder passes on before the other beneficiaries. This applies if the premium has been paid consistently for 12 months before death.  The benefit in this situation will also be paid on the lives of the loved ones.  This comprehensive funeral cover perfectly aligns with Stanbic IBTC Insurance Limited’s mission of empowering individuals to secure their future with creative risk management solutions that enable clients to create, protect, and preserve wealth.

Stanbic IBTC Insurance Limited is a leading insurance provider in Nigeria, offering innovative and comprehensive insurance products to secure individuals’ financial futures.

As a subsidiary of Stanbic IBTC Holdings PLC, the company is committed to providing top-notch insurance solutions and empowering clients to achieve their life goals.

The Sunset Benefit Plan is now available for interested individuals seeking financial security and peace of mind during life’s most challenging moments.

With Stanbic IBTC Insurance Limited’s trusted track record in financial services and prompt claims management, policyholders can be confident that they are fully covered.

spot_img
spot_img
spot_img

Hot this week

NAICOM, Insurance Industry Mourn Buhari

It is with profound sadness that we received the...

Polaris Bank Partners Woodhall Capital, UK, Lagos State in ₦1.5bn Creative Economy Fund

L-R- Abimbola Ozomah, Executive Director, Polaris Bank; Mojisola Hunponu-Wusu,...

Heirs Insurance Group Reports N61bn GWP in 2024, an Increase of 70%

Heirs Insurance Group (HIG), Nigeria’s fastest-growing insurance group, has...

Stanbic IBTC Holdings Meets CBN’s N200bn Recapitalisation Policy

In a landmark achievement that highlights the steadfast confidence...

SanlamAllianz Partners NCRIB on 2025 Empowerment Series

Dr. Abosede Adegbite, Consultant, Family Physician; Tope Adaramola, Executive...

Topics

Hilal Takaful Paid N220m Claims in 2022, N50m in June 2023

From left: Prince Cookey, Publisher/Editor-in-Chief, Business Journal; Bisi Bamishe,...

Guinness Nigeria: Earnings Rebound From Q1 Low Despite Weakening Margins

Yesterday, GUINNESS released Q2-17/18 results showing net profit of...

Emirates Officially Reinstates Flights to Nigeria, Engages CBN

“Emirates welcomes the Central Bank of Nigeria’s move to...

Dell Unveils New Future-Ready Servers to Boost SME Productivity

End-to-end IT solutions provider, Dell, has unveiled the newest additions to its highly successful Dell PowerEdge 13th generation servers , created to help small and midsize enterprises (SMEs) prepare for future growth. The new Dell PowerEdge servers include the PowerEdge R330 and R230 rack servers and the PowerEdge T330 and T130 tower servers.

NIA Chair, Tope Smart, Visits Stock Exchange

L – R: Mr. Oscar N. Onyema, Chief Executive...

ITU Telecom World 2015 Accelerates Global ICT Innovation

ITU Telecom World 2015 closed its doors at Hungexpo, Budapest following an exceptional week of dialogue, debate, networking and showcasing. The event, which welcomed over 4,000 participants from 129 countries, brought together an impressive line-up of top-level government representatives, leaders of industry – from established players to SMEs (small and medium enterprises) and young start-ups, from emerging and developed markets – along with high-level representatives of international organisations, entrepreneurs, accelerators, incubators and academia.

Airlines Financial Monitor—January 2O16

Key Points: · Worldwide airline share prices fell by 10%...

NCC Receives Cybersecurity Award, Seeks Safer Internet Usage

L-R: Director, Public Affairs, Nigerian Communications Commission (NCC), Mr....
spot_img

Related Articles

Popular Categories

spot_imgspot_img