Protection of Financial Loss
Securing our Children Future
Loss of Steam- Frustration, Psychological Breakdown
Insurance New look/Product Reliance
PSPS protect your financial obligations even after loss of job
In the event of termination of employment, PSPS will pay your last earned salary for a maximum period of 24 months on a reducing scale method as shown below. This reduction is to stimulate job hunt and desire to return to work:
In the event of a member gaining a new employment or having an income generating activities during the benefit paying period and his/her new salary is lower than the existing insured income, PSPS shall provide the shortfall to place you in your original position as it was immediately before the occurrence of loss of job.
Upon a loss of employment, the insured may apply for payment of a Single Sum Benefit on the ground of advanced age or impaired health status. However, such request shall be subjected to submission of documentary evidence to PSPS.
In a situation where the insured member of the scheme dies during the benefit payment period, a death benefit of agreed sum assured stated in the policy schedule shall become payable to the beneficiary of record.
19 Ligali Ayorinde St, Victoria Island, Lagos
Phone: 0705 665 0001
2nd Floor, Encounter House, 1 P.S.S.D.C Rd, Magodo Phase II, Lagos.
Phone: +234.1.761.3344, +234.1.790.3963, +234.909.563.5336
+234 1 761 3344
+234 909 563 5336