Through 26yrs of operation, Mutual Benefits Assurance Plc (MUTUAL) has evolved into a conglomerate consisting of value-adding companies with diverse interest in various sectors of the Nigerian economy through investments, strategic alliances and partnerships. Today MUTUAL is a leading brand in the Nigerian Insurance industry, with over 3,000 staff and marketing executives in its employment.

Round the year, Mutual Benefits' Comprehensive Policy will provide cover which will pay for any:

• Damage to the insured vehicle as a result of fire and theft/attempted theft
• Accidental damage to the insured vehicle as a result of collision, overturning or malicious damage
• Damage to 3rd party property
• Death of/bodily injury to 3rd party person

Where am I covered? Within Nigeria

How much should I pay? Options available are:-

• Gold 3% of the total value of the vehicle
• Silver 3.5% of the total value of the vehicle
• Diamond 4% of the total value of the vehicle

How do I pay? Pay into Mutual Benefits Assurance Plc account- First Bank 2017917247

What are my obligations?

1. To disclose all material facts of the subject matter
2. Payment of premium
3. Immediate notification of claimable event
4. Cooperate with claim adjusters

This is a liability insurance purchased by the insured to protect him against claims from another party.

The first party (You) purchases insurance through the second party (Insurance company), which covers expenses when the third party's car or property is damaged by the first party (You).

Third party insurance pays for damages (You) caused to others, whether physical harm or property damage. It pays for the medical coverage of the driver and passengers in a vehicle and covers the cost of repairs to a vehicle you damaged.

How much should I pay?

• N5000 for cars
• N7500 for bus
• N20000 for trucks annually

Where am I covered? At a specified location in Nigeria

What are my obligations?

1. To disclose all material facts of the subject matter.
2. Payment of premium.
3. Immediate notification of claimable event.
4. In the occasion of loss, take steps to minimize the loss or damage and recover any missing property.
5. Cooperate with the claim adjusters.

When does the cover start and end? Cover starts immediately upon issuance of insurance policy document and ends at the midnight of the expiry date.

Benefits:-

1. Restoration of financial loss
2. Continuation of business
3. Restoration of occupancy
4. Repair or replacement of damaged property

Where am I covered? Within Nigeria

What are my obligations?

1. To disclose all material facts of the subject matter.
2. Payment of premium.
3. Immediate notification of claimable event.
4. In the occasion of loss, take steps to minimize the loss or damage and recover any missing property.
5. Cooperate with the claim adjusters.

When does the cover start and end? Immediately after issuance of the policy document and ends at 4pm on the expiry date.

Benefits:

1. Restoration of financial loss
2. Damages for liability to the third parties
3. Continuity/ restoration of occupancy
4. Repair or replacement of damaged property

How do I pay? Transfer to Mutual First bank account 2017917247 and inform us.

Where am I covered? Globally

What are my obligations?

1. To disclose all material facts
2. Payment of premium
3. Immediate notification of the claimable event
4. Provision of the necessary claim substantiating documents
5. Cooperate with claim adjusters

Benefits:-

1. Restoration of financial loss
2. Rest of mind

How do I pay? Transfer to Mutual Benefits' Zenith account 1011840241 and inform us.

In case this policy is yet to be put in place in your organization, we are recommending that this be taken up as it enables you handle all financial obligations required from your company at the demise of any of your employee and save you the risk of sudden litigation if it's found not to be in place.

Requirements

1. Names of all employees
2. Dates of birth of all employees
3. Annual emoluments of all employees(basic salary, housing allowance and transport allowance)

The payment to put this policy in place rests solely on the employer.

Where am I covered? Schengen countries /world wide

What are my obligations?

1. Disclose all material facts and complete application form
2. Payment of premium
3. Immediate notification of claimable events
4. Cooperate with claim adjusters

When does the cover start and end? In line with the period of cover indicated on the certificate of insurance. Benefits

1. Compliance with Schengen countries visa requirement
2. Rest of mind
3. Restoration of financial loss
4. Access to emergency medical care in the foreign land

How much contribution do I have to make monthly? As much as you can comfortably pay.

Does the contribution attract interest? Yes. 5% per annum, subject to review.

Scope of cover. The primary risk covered is death. However, there are optional covers (permanent disability, critical illness and accidental medical expenses) included at additional premium.

How is the sum assured determined? By multiplying your annual contribution by the duration.

Duration? Minimum duration is 5yrs, and can be more.

Minimum Age of entry 18yrs

Maximum entry age. 60yrs

What happens if I terminate the policy? We encourage you to keep the policy in force till maturity in order to achieve the purpose for which it was started in the first instance. Termination attracts various levels of deductions which reduces the value of your investment.

Am I allowed to make partial withdrawal? Yes. 50% of the account balance can be withdrawn, provided the policy has been actively in force for not less than two years.

How can beneficiaries make claim? In the event of death, your beneficiaries or legal representative should notify us through any of our contacts +234 8135149399, +234 8037551213 to enable us send in formal notice to Mutual Benefits.

Payment channel. Mutual Benefits Zenith Bank account 1011840241. Pay and let us know you did.

How much contribution do I have to make monthly? As much as you can comfortably pay.

Does the contribution attract interest? Yes. 5% per annum, subject to review.

Scope of cover. The primary risk covered is death. However, there are optional covers (permanent disability, critical illness and accidental medical expenses) included at additional premium.

How is the sum assured determined? By multiplying your annual contribution by the duration.

Duration? Minimum duration is 5yrs, and can be more.

Minimum Age of entry 18yrs

Maximum entry age. 60yrs

What happens if I terminate the policy? We encourage you to keep the policy in force till maturity in order to achieve the purpose for which it was started in the first instance. Termination attracts various levels of deductions which reduces the value of your investment.

Am I allowed to make partial withdrawal? Yes. 50% of the account balance can be withdrawn, provided the policy has been actively in force for not less than two years.

How can beneficiaries make claim? In the event of death, your beneficiaries or legal representative should notify us through any of our contacts +234 8135149399, +234 8037551213 to enable us send in formal notice to Mutual Benefits.

Payment channel. Mutual Benefits Zenith Bank account 1011840241. Pay and let us know you did.

How does this policy differ from Children Education Plan? They differ only in terms of the fund usage after it has been claimed which is entirely in the client's onus to determine.

The minimum entry age is 18years while the maximum entry age is 65years.

It is an annually renewable policy.

The following table displays the multiple benefits hidden in the policy:-

Additionally, half of the Sum Assured in paid to the assured at the demise of his spouse.

Choice of Sum Assured. The sum assured lies in the client's onus to decide after going through the table above.

Are my entitled to any benefit if I decide to terminate this policy or survive the period? No.

What happens if the assured dies? At demise, the policy terminates automatically and the sum assured becomes payable to the named beneficiary (IES).

How can beneficiaries make claim? In the event of death, your beneficiaries or legal representative should notify us through any of our contacts +234 8135149399, +234 8037551213 to enable us send in formal notice to Mutual Benefits.

How do I determine the sum assured? Once the age of the Assured is known, and the premium disclosed, sum assured can be worked out.

How much premium will I pay? The premium can be determined by the client.

Frequency of payment. Very flexible; can be annually, half-yearly, quarterly or monthly.

Minimum Age of entry 18yrs

Maximum entry age. 60yrs

What happens if terminate the policy? In as much as it is advised you do not terminate the policy before maturity, the policy has a built-in savings element which qualifies you for a cash or surrender value after two years of full premium payment but of course, not the full value.

Does this policy qualify for tax reduction? Yes, Premium paid are tax deductible.

How do I make payments? Pay to Mutual zenith bank account 1011840241 and let us know via chat, call or sms.

How can beneficiaries make claim in the event of death? In the event of death, your beneficiaries or legal representative should notify us through any of our contacts +234 8135149399, +234 8037551213 to enable us send in formal notice to Mutual Benefits.

The originals of the following substantiating documents will also be required for sighting:-

1. Medical certificate of cause of death
2. Death or burial certificate (from NPC)
3. Police report, if claim is by accident

What is insured?

1. Private dwelling and /or the contents/ personal effects of individuals against losses from fire and allied perils, burglary, theft, third party liability and loss of rent/cost of alternative accommodation in the event of fire.
2. Death of the insured/ spouse

Where are my covered? Within Nigeria

What are my obligations?

1. To disclose all material facts of the subject matter.
2. Payment of premium.
3. Immediate notification of claimable event.
4. In the occasion of loss, take steps to minimize the loss or damage and recover any missing property.
5. Cooperate with the claim adjusters.

When does the cover start and end? Immediately after issuance of the policy document and ends at 4pm on the expiry date.

Benefits:

1. Restoration of financial loss
2. Damages for liability to the third parties
3. Continuity/ restoration of occupancy
4. Repair or replacement of damaged property

How do I pay? Pay to Mutual Benefits Assurance Plc. First bank account 2017917247 and let us know you did.

This scheme creates an immediate fund for a child in the event of death of the Life assured sponsoring the child's education in school.

Requirements

1. Names of the children and their present classes
2. Names of parents /guardian
3. School fees per term
4. Class grade