Benefits of SPIS

24 Months Salary Payment

24 Months Salary Payment

100% of the monthly salary for the 1st 6 months. 75% of the monthly salary for the next 6 months. 50% of the monthly salary for the next 6 months. 25% of the monthly salary for the last 6 months.

Supplementary Payment

Supplementary Payment

In the event of a new salary lower than the existing insured income, the cover shall provide the shortfall to place the insured in his original position as it was immediately before the occurrence of the insured event-loss of employment income.

Single Sum Payment

Single Sum Payment

A member may apply for payment of a single Sum Benefit as against the defined scaled benefit.

Eligibility

To join the scheme, you have to be employed in a rated company

Proposal have up to 30 days after sign up to decide to continue with the policy or upon cancellation within 30 days will be entitled to 100% of the premium.
Benefit for loss of salary shall become payable under the scheme in the event of the following conditions:
  • Loss of job resulting from critical illness.
  • Accidental loss of job not due to your own fault and not due to any proven fraud.
  • Policy has been incepted for a period not less than 12(twelve) months or six months in the case of Group Scheme.
Policy holder shall enjoy free advisory services on employer relationship.
Premium shall be determined based on individual employment risk profile. Payment of premium could be monthly, quarterly, half-yearly or annually. Payment of premium shall be by Direct Debit.

Rated Companies

Bank
Telecomms
Oil & Gas
Manufacturing
ICT
Insurance
Government MDAs
Financial Services
Aviation
Maritime
Hospitality
Health Care

Contact Info

  • Plot 1, Block 94, Providence Street, Lekki Scheme 1, Lekki-Epe Expressway, Lagos.

  • spis@sainsuranceng.com

  • (+234)-7004-6787-2623