EmPLE Life Assurance Limited has launched a new endowment policy called BETA Life, aimed at helping Nigerians grow their wealth, secure their future, and stay financially protected.

In a statement made available to our correspondent on Sunday, the company said the product was designed in response to the current economic realities, where many Nigerians face financial uncertainty and remain underinsured. BETA Life combines life insurance protection with a flexible savings plan that pays out multiple times within the policy duration.

According to the insurer, the plan includes three cash benefit payouts spaced across the policy term, enabling policyholders to meet important goals such as rent, education, business investment, or homeownership, without waiting until the policy matures.

The Managing Director/Chief Executive Officer of emPLE Life Assurance Limited, Rantimi Ogunleye, described the launch as a reflection of the firm’s customer-focused approach.

“BETA Life is more than a product; it’s a solution built around the realities of our customers. It’s for the parent who wants to secure their child’s future, the entrepreneur planning ahead, or the individual who wants to save smartly without losing the safety net of protection,” Ogunleye said.

He noted that the policy offers flexible durations and multiple payout points, making it adaptable to a customer’s financial journey. In the event of death or permanent disability, BETA Life ensures that the policyholder or their beneficiaries receive financial support.

The company added that the product is part of its broader mission to make insurance more inclusive and relevant by providing Nigerians with practical tools to build financial resilience and plan confidently for the future.