MY FIRST ACCOUNT TERM LIFE POLICY

Death Benefit

emPLE Nigeria will pay the BENEFICIARY the sum assured amount (as stipulated on the schedule) at the time of death of the POLICYHOLDER. This assumes the cost of Education of the named Beneficiary.

Exclusions: Death

The claim will be declined if the Policyholder's death is directly or indirectly attributable to:

• Active participation in war, invasion, acts of foreign enemies, hostilities, warlike operations (whether war be declared or not), civil war, rebellion, riots or acts of terrorism, revolution, insurrection, civil commotion assuming the proportions of or amounting to an uprising, military power, or usurped power.
• The use of nuclear, biological, or chemical weapons, or any radioactive contamination arising from such use, irrespective of whether any of the aforesaid has been performed with the specific use of information technology or not.
• Any attack on or sabotage of facilities (including, but not limited to, nuclear power plants, reprocessing plants, final repository sites and research reactors) and storage depots, that leads to the release of radioactivity or nuclear, biological, or chemical warfare agents, irrespective of whether any of the aforesaid has been performed with the specific use of information technology or not.
• Suicide or willful self-inflicted injury, the execution of a judicial sentence of death
• The deliberate or intentional act by any beneficiary or third party who would be the ultimate beneficiary were a Life Assurance Benefit to be paid in respect of the Insured Person
• The influence of intoxicating liquor or narcotic drugs, or the excessive use of such substances

Job-Loss Benefit

emPLE Nigeria will pay POLICY HOLDER the agreed job loss benefit upon confirmation that the employer has terminated the appointment of the borrower’s full-time permanent employment. This benefit is limited only to full-time permanent employees and has a waiting period of 3 months.

Exclusions:

The Job Loss Benefit claim will be declined if the Policholder's Retrenchment is directly or indirectly attributable to
• Disablement, dismissal, voluntary resignation, retirement (including retirement due to ill-health) or voluntary retrenchment, or
• a fixed term contract coming to an end, or
• nervous breakdown, stress, burnout, disability, injury, medical condition, or illness of the Borrower, or
• Participation in any strike action, labour action, unrest, political activity, civil commotion, public disorder, or riot, or
• Consequences arising from actions of the government of the Federal Republic of Nigeria.
• Retrenchment of a Policyholder who is self-employed or an employee of a family-owned business and is a member of that family, or
• If the Policyholder was directly aware of the pending Retrenchment at the date on which the Policyholder first became insured.

Claims Process

Death Claims

POLICY HOLDER must submit the claim on emPLE Nigeria's prescribed forms (as provided by emPLE Nigeria). The completed forms, together with the other documentation specified in the forms are to be submitted to emPLE Nigeria within 120 days after the POLICYHOLDER’S death, failing which the right to claim will lapse.

emPLE Nigeria will not be liable for any costs incurred in meeting these requirements. The required documents are listed as follows:

• The original Life Assurance Notification of Death Claim form
• Medical certificates of cause of death
• Police report in case of accidental death

Job Loss Claims

Claims should be submitted within 6 months of retrenchment of the POLICYHOLDER.

Required documents:

• Termination letter of the borrower

Claims shall be processed and paid no later than two working days after the submission of all required documents and upon execution of claims discharge voucher.