NICO LIFE INSURANCE COMPANY LIMITED

Box 3044, Blantyre

Contact: Peter Mac Jessie
Tel No.01822699 Cell Nos.0999 422 444 / 0888 422 444
Email: pmacjessie@nico-life.com
If you have hopes and dreams for the future
.. We have the solution

OUR PRODUCTS

SAVINGS PROTECTION POLICY- SPP

Features:
Pure investment policy which helps you to save money monthly, quarterly, half-yearly or yearly through
Employer debit order, Cheque, Direct Debit and Direct Deposits for 5,10,15,20 or 25 years.

On surrender of the policy

The policyholder may voluntarily terminate the policy before maturity subject to an appropriate
surrender penalty. The value of the policy will be available and all the benefits will cease.

On death of policyholder
When the policy holder dies benefits are payable with a return of premiums of 4% compound interest
or such other rate as determined by NICO Life from time to time

Loan benefits
Loans against the policy are available after premiums have been paid for two full years.

On maturity of the policy

The policyholder will receive the policy proceeds (Sum assured plus the declared bonuses)

Premium
The minimum premium for Savings Protection Policy (SPP) plan is K7, 500.00 per month.

Note
No hidden costs or conditions for Savings Protection Policy.
You can increase the premiums annually to help cushion against the inflation with 5% - 25%

SAVINGS PROTECTION POLICY GIVES YOU THE SAVING CULTURE FOR FUTURE USE.

Peter Mac Jessie Sales Consultant Nico Life Insurance Company 0999 422 444 / 0888 422 444
 NICO LIFE INSURANCE COMPANY LIMITED
Box 3044, Blantyre
Contact: Peter Mac Jessie
Tel No.01822699 Cell Nos.0999 422 444 /0888 422 444
Email: pmacjessie@nico-life.com
If you have hopes and dreams for the future
.. We have the solution

CHILD SAVER POLICY WITH PROFITS-CDW

Features;
Its a pure investment policy which helps a parent / guardian to save money for the future educational
benefit of child. The policy is available for any child from 1 day old to 15 years old, whose parent has not
exceeded 55 years. The policy matures when your child attains 10, 15, 18 or 21 years. The policy
proceeds are available for either secondary or tertiary education fees for your children.

On death of the child

All premiums with 4% compound interests are refunded to the premium payer (proposer).

On death of the premium payer (Parent)

3 options are available

1. Refund of premium benefit- all premiums with interests are returned to the assured child
All the money which the parent contributed will be refunded with 4% compound interest.

2. Waiver of premium benefit- the policy remains in force despite the death of premium payer
3. Refund of premium plus waiver of premium benefit- premiums are refunded to assured child
and the policy contract continues in force up to maturity date as proposed by the deceased.
Nico Life will continue to contribute the premiums which the deceased parent was
contributing until the policy matures.

Medical requirements
On Rider 2 and 3, a medical standard report from Nico Life Insurance panel of doctors is required.

Premium over K10, 000.00 requires a compulsory HIV test.

No hidden costs or conditions on Child saver Policy with profits.

The future belongs to those who start preparing for it today, Malcom X

Peter Mac Jessie Sales Consultant Nico Life Insurance Company 0999 422 444 / 0888 422 444
 NICO LIFE INSURANCE COMPANY
Box 3044, Blantyre,
Contact: Peter Mac Jessie
Email: pmacjessie@nico-life.com
Tel No.01822699 Fax No 01821189, Cell: 0999 422 444 /0888 422 444

CASH PLUS POLICY

Cash Payment (Benefit)

The policy holder enjoys cash backs as the policy is in force & at maturity the whole sum assured plus a
declared bonus (Maturity value) is given as lump sum.

Term Cash benefit amount

12 yrs 10% of the sum assured after 3, 6, and 9 years as cash benefit.
20 yrs 15% of the sum assured after 5, 10, and 15 years as cash benefit.

This is a life cover policy and since has got no medical requirements it has a
window period of 6 months:
When the policy holder passes on within the 6 months on accident, the sum assured plus any declared
bonuses are paid to the nominated beneficiaries. When dies with natural causes, premiums paid plus
4 % compound interest is paid back.

Medical Requirements
Up to Sum Assured of MK20, 000,000.00 no medicals are requested

Funeral cover Rider

Policyholder will also be covered with K50, 000.00, K75, 000.00, K100, 000.00 and K200, 000.00 funeral
cover and this will be paid out within 72 hours of the death of the policy holder.

On Maturity of the policy

The policyholder will receive the policy proceeds (Sum assured plus declared bonuses)

On Surrender of the Policy

The policy holder might decide to voluntarily terminate the contract / policy before maturity after ONE
full year of premium contributions and the policyholder gets the contributions minus the surrender
penalty. The value of the policy will be available and all the benefits will cease.

Premium.
Minimum premium for Cash Plus policy is K9, 000.00 per Month

LITTLE DROPS OF WATER MAKES A MIGHTY OCEAN.

Peter Mac Jessie Sales Consultant Nico Life Insurance Company 0999 422 444 / 0888 422 444
 NICO LIFE INSURANCE COMPANY LIMITED
Box 3044, Blantyre
Contact: Peter Mac Jessie
Tel No.01822699, Cell Nos.0999 422 444/0888 422 444
Email: pmacjessie@nico-life.com

If you have hopes and dreams for the future

.. We have the solution
TIKONDWE FESTIVAL ADVANCE PLAN-FAP
The Policy has got a window period of 3 months, in the event of accidental death the sum
assured will be paid out and in the event of natural death the premiums paid plus 4% compound
interest shall be refunded to the chosen beneficiaries.
The Policy gains Life cover after 3 months and the sum assured will be paid out if the policy
holder passes out.
Policy holder enjoys the bonus cash out (2.5%) of the sum assured every 12 months and at
maturity the bonus cash out does not affect the maturity value.
The policy holder can decide to increase the premium annually with 5% - 15% to help cushion
against inflation.

MEDICAL CONDITIONS
Up to sum assured of MK 3,000,000 no medical examinations are required.
Sum assured from K4, 000,000 to K20, 000,000.00 requires medical examinations.

BENEFITS
This life insurance can be used as loan collateral with the commercial banks to access cash to
meet your personal needs, without disrupting your life insurance.
If family members and other relations who depend on the policy holders income, Tikondwe can
replace that income for them upon death.
A policy holder can create inheritance by buying Tikondwe and name the family members or
relations as beneficiaries.

ENJOY YOUR FESTIVAL SEASONS WITH TIKONDWE FESTIVAL ADVANCE PLAN POLICY

Peter Mac Jessie Sales Consultant Nico Life Insurance Company 0999 422 444 / 0888 422 444