Jman06:
Please I need your advice. I am planning to start saving my money with insurance companies instead of banks, so I won't be withdrawing the money until it's bulk enough to invest. I don't know how reliable those insurance people are. I am thinking of using First assurance. Please does anybody know about them? Are there better insurance companies I can use? Thanks in anticipation of your advice.

arote:
@jman06 Good that you want to invest in an insurance coy.my company is AMERICA INTERNATIOAL INSURANCE COMPANY(AIICO PLC) NUMBER ONE ins coy in Nigeria(u can Google it) what is d duration u want for ur investment? that is d first thing. here is number-08114721260 lets chat on watsapp

blessedapple:
Have you considered LEADWAY as an alternative?

seniorklop:
For those that called for details on interest rate, I wish to state that no bank can give an interest rate of 8percent on a savings account. Lets say you are contributing 10k monthly. With IGIplc your interest is N800 for every 10k each month. After a year, your interest will be compounded thereby giving you higher profit. This is the investment part of the policy.

The second part is the cover, for instance, you want to make a monthly contribution of 20k for the next... lets say 5yrs. Your sum assured will then be 1.2m (excluding interest)i.e 20k multiply by 12 multiply by 5. What IGI is saying is should there be accidental death, your beneficiary(ies) will be paid the sum assured despite the fact that your investment has not matured.

mychiveous:
Will i be allowed to withdraw the interest?

lonelydora:


Tell us more about them.

seniorklop:
For further information, kindly quote my post so i'll be notified. Cheers.

harveyspec:


How do I recover my funds in the event of Igi's collapse?

Ps: i know they have been on ground for ages

seniorklop:
For those that called for details on interest rate, I wish to state that no bank can give an interest rate of 8percent on a savings account. Lets say you are contributing 10k monthly. With IGIplc your interest is N800 for every 10k each month. After a year, your interest will be compounded thereby giving you higher profit. This is the investment part of the policy.

The second part is the cover, for instance, you want to make a monthly contribution of 20k for the next... lets say 5yrs. Your sum assured will then be 1.2m (excluding interest)i.e 20k multiply by 12 multiply by 5. What IGI is saying is should there be accidental death, your beneficiary(ies) will be paid the sum assured despite the fact that your investment has not matured.

harveyspec:


Thanks for the earlier response.

1. Can't I opt for a lower term ie less than 5yrs

2. lets assume I want my premium to be 15k every month for a 5yr term

a.What will be the total package at maturity
b. in the event of my demise say in the 2nd or 3rd year, what will my NOK get

PS:you said 8% interest, is it per month or per annum

Thanks

arote:
@jman06 Good that you want to invest in an insurance coy.my company is AMERICA INTERNATIOAL INSURANCE COMPANY(AIICO PLC) NUMBER ONE ins coy in Nigeria(u can Google it) what is d duration u want for ur investment? that is d first thing. here is number-08114721260 lets chat on watsapp

Jman06:
Please I need your advice. I am planning to start saving my money with insurance companies instead of banks, so I won't be withdrawing the money until it's bulk enough to invest. I don't know how reliable those insurance people are. I am thinking of using Fbn insurance. Please does anybody know about them? Are there better insurance companies I can use? Thanks in anticipation of your advice.

SleekReek:


From my personal experience don't even try it, i made that mistake to invest in an insurance Company and when i needed the money, the bluntly refused to release it to me, i regret ever doing that, it is not worth it.

Jman06:
please when did you ask for the money? Was it up to the due time? Or did you ask for it before the expiration of your policy. Pls respond so as to enable me take the right action.

SleekReek:


I wanted to close the entire agreement because from Economic calculations i made, i realized it wasn't worth it but when i requested to close it even if there was a penalty they refused and are telling me my investment is lost, about to get my lawyer involved.

arote:
sorry about d number not appearing. please let's chat on this line 081851199332 or u give me number so that I can call

Jman06:
Hmmm. Pls which insurance company is that? Mine is Fbn insurance and the agreement is that in case I want to terminate the agreement b4 time, then 10% of my deposits will be deducted and the balance given to me. I just hope they will not dare to play games with me because I will deploy every available means to get my money.
I just wanted to try insurance to see how it works and if I can rely on it to invest my money in the future.

SleekReek:


From my personal experience don't even try it, i made that mistake to invest in an insurance Company and when i needed the money, the bluntly refused to release it to me, i regret ever doing that, it is not worth it.

Jman06:
Though I have already started with FBN insurance, I think AIICO is a good one too and I could still give them a try. Do they have a one year savings policy? Because I may want to taste the water for a year and decide whether to renew or run just like I am doing with fbn insurance.

mychiveous:
Will i be allowed to withdraw the interest?

lonelydora:
Anyone that can give me a good interest, I'm ready to invest 1M for 1 years. PM let's talk.