Overview

This is a product designed to pool funds belonging to employees/members through an employer, associations & organizations or individuals belonging to an investment club, a welfare society etc with an option of enjoining a life cover to run concurrently.

The pooled funds will be invested in high yielding investment vehicles through the use of a professional fund manager.

Key Features

• There is no maximum term
• The funds shall be available for partial withdrawal subject to policy provisions.

Contributions

Contributions to the fund are flexible and can be single or annual injection of funds or regular contributions.

MEMBERSHIP

The minimum membership is 5 people.

Individual membership to the fund shall be through the groups.

Entry to the scheme for new members will be open once the scheme has commenced. 

Investment

The product shall operate as a pooled fund. The funds shall be invested to achieve the following:

• High returns
• Guarantee of capital and interest at maturity. The minimum guarantee is 5%

Statements

Fund value statements shall be issued at scheme level and to individual members at the end of the year (of 12 months’ period).

Commencement

Commencement of policy shall be the first day of the month.

Partial Withdrawals     

The Partial Withdrawal option is available to both sponsor and members before maturity of the policy.

Requirements

• Group proposal form
• Pin Number
• Certificate of incorporation
• Membership application forms
• Copies of ID for members