FBN Life Assurance Limited has introduced into the market a life assurance product called “Padi4Life” requiring the policyholders to pay as low as N20 per day as premium as part of efforts to ensure that every member of the populace are covered by way of insurance no matter how small their level of income might be.
With the premium of N20 per day, he explained that the policyholders would be entitled to a benefit of N500, 000 for death and total permanent disability, noting that the maximum age to enjoy the benefit is 70 years.