About Guaranteed Income Note - Naira
The Guaranteed Income Note provides a guaranteed rate of return on the principal invested, for the pre-agreed tenor of investment, net of any redemptions or liquidations. Guaranteed Income Note (Naira) is allowed to invest in fixed income investments via FGN bonds, Nigerian Treasury Bills, Commercial papers, and fixed deposit placement with regulated counterparties.
Requirements for savings
- Utility Bill of Applicant (Water Rate, Tenement, Rent Receipt or Power)
- Valid means of identification (International Passport, Driver's license, National Identity Management Commission (NIMC) Card, Voter's card)
States Covered
Provider Details
About provider
AIICO commenced operations in Nigeria in 1963 as an Agency office of American Life Insurance Company (“ALICO”) – at the time, a subsidiary of American International Group (“AIG”). The Company was incorporated, registered and licensed in Nigeria as American Life Insurance Company Limited – as a wholly owned subsidiary of ALICO/AIG – in 1970 – to offer Life and insurance services. The Company was renamed American International Insurance Company Limited (“AIICO”) upon the acquisition of a 60% stake by the Federal Government of Nigeria, and later listed on the Nigerian Stock Exchange in 1990, after which both shareholders – the Federal Government of Nigeria and AIG divested.
About Guaranteed Income Note - Naira
The Guaranteed Income Note provides a guaranteed rate of return on the principal invested, for the pre-agreed tenor of investment, net of any redemptions or liquidations. Guaranteed Income Note (Naira) is allowed to invest in fixed income investments via FGN bonds, Nigerian Treasury Bills, Commercial papers, and fixed deposit placement with regulated counterparties.
Requirements for savings
- Utility Bill of Applicant (Water Rate, Tenement, Rent Receipt or Power)
- Valid means of identification (International Passport, Driver's license, National Identity Management Commission (NIMC) Card, Voter's card)
States Covered
Provider Details
About provider
AIICO commenced operations in Nigeria in 1963 as an Agency office of American Life Insurance Company (“ALICO”) – at the time, a subsidiary of American International Group (“AIG”). The Company was incorporated, registered and licensed in Nigeria as American Life Insurance Company Limited – as a wholly owned subsidiary of ALICO/AIG – in 1970 – to offer Life and insurance services. The Company was renamed American International Insurance Company Limited (“AIICO”) upon the acquisition of a 60% stake by the Federal Government of Nigeria, and later listed on the Nigerian Stock Exchange in 1990, after which both shareholders – the Federal Government of Nigeria and AIG divested.
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