African Alliance Esusu plan is designed as a savings scheme with life cover attached. At the end of one year (i.e. 12 months); the contributors can either choose to collect their contributions back with interest or continue to contribute into the fund for another year.


The Policy is designed for any member of the public in recognized employment or trade, provided at the point of entry, they are below the age of 60, in good health and actively working


1.     Valuable live cover

2.    Convenient way to save

At maturity:

Benefit payable on survival of the life assured to the maturity date shall be the total contributions and interest accruing after twelve months.

 At death:

Benefit payable on the death of the life assured before the maturity date shall be twelve times the monthly contribution, subject to a maximum of N150, 000.00 payable to the nominated next-of-kin of the contributor.

Termination of plan before six months (6) will attract an administrative charge of 5% on total contribution.


  • It is a one year targeted saving plan
  • Contributions can be made daily, monthly or quarterly
  • Contributions are credited with interest
  •  Provision of Life Cover
  •  An avenue to encourage savings with absolute security