Salary Protection Shield


Prestige Salary Protection Shield (PSPS)

The purpose of this product is to provide for a given period, a predetermined monthly income for an individual who has just lost his/her job.



Protection of Financial Loss

PSPS protect your financial obligations even after loss of job.


Securing Our Children Future

- PSPS guarantees your children education and welfare.


Loss of Steam Frustration, Psychological Breakdown

- PSPS immunes you against frustration and psychological breakdown that follows loss of job.

Employee Decency

- PSPS inspires the confidence of being a staff and not a slave in your workplace.


Economic Stability

- PSPS sustains general standard of living of the policyholder.


Insurance New Look-Product Reliance

PSPS eliminates worries, anxieties and apprehension associated with loss of jobs.



Who is qualified? 

To be eligible for protection under PSPS, prospective policyholder: 

Must be an employee of a rated company and industry. 

Must be in a permanent employment in a qualified occupation

Must be earning a minimum salary as prescribed by the scheme from time to time.

Must have an active bank account in any of Nigerian Bank.


What is expected of you 

Each member of the scheme must:

Provide information required for the assessment of his eligibility for the scheme

Supply all necessary documents required for assessment of his eligibility

Supply details of his earnings, etc

Pay his premium on due date

Give immediate notice of any change to data or information earlier provided

Notify PSPS immediately after the termination of his/her job

Co-operate with PSPS in all other areas for smooth running of the scheme


How To Log-in

A valid email address is required.

A unique password is required to log-in (Warning: you are advised not to use your email password for this purpose).

You must validate the email by replying the email validation sent to your inbox.



PSPS offers different layers of benefits depending on your circumstances.



Monthly Income

In the event of termination of employment, PSPS will pay your last earned salary for a maximum period of 24 months on a reducing scale method as shown below. This reduction is to stimulate job hunt and desire to return to work:

100% of the insured monthly salary for the 1st 6 months

75% of the insured monthly salary for the next 6 months

50% of the insured monthly salary for the next 6 months

25% of the insured monthly salary for the last 6 months


Supplementary Benefit

In the event of a member gaining a new employment or having an income generating activities during the benefit paying period and his/her new salary is lower than the existing insured income, PSPS shall provide the shortfall to place you in your original position as it was immediately before the occurrence of loss of job.


Single Sum Benefit

Upon a loss of employment, the insured may apply for payment of a Single Sum Benefit on the ground of advanced age or impaired health status. However, such request shall be subjected to submission of documentary evidence to PSPS.



Claims Management

You have the right to claim under the scheme when:

You have been in the scheme for a period of not less than twelve (12) months

You have lost your job through no fault of your own.

You have paid premium to-date on your policy

Resident in Nigeria


Once your employment is terminated

You should visit this website and login into your account to lodge the claim or send an email with your valid email address topspsclaims@prestigeassuranceplc.comor Call PSPS dedicated lines on

+234 705 665 0001, +234 811 320 0001

You will be able to view the status of your claims on daily basis by logging into your account on the website.



  1.   How can I enroll for Prestige Salary Protection Scheme (PSPS)?

Kindly subscribe from our website, by filling the expression of Interest (EOI) form here.


  1.   Is there age limit for signing up for this policy?

You must be 18 years and above to apply for this scheme.


  1.  I am a student; can I enroll for this policy?

Everyone is eligible to apply for this scheme as long as you are in a full-time/permanent employment.


  1.   Is there salary limit for enrolee of Prestige Salary Protection Scheme (PSPS)?

Yes. The limit varies from industry to industry. Please, call our hot-line to know the minimum salary currently applicable to your industry.


  1.   I am self-employed; can I sign up for Prestige Salary Protection Scheme (PSPS)?

No, the scheme covers only permanent employees in a paid employment.


  1. How will my monthly premium be paid or deducted from my account?

You will be provided a Debit Mandate form that will enable us to debit your account on an agreed date of every month.


  1. How flexible is premium payment? Can I pay my premium on monthly, quarterly, half  yearly or on yearly basis?

For convenience, we advise our subscriber (the insured) to do a monthly payment. However, the scheme is flexible for any other payment arrangement that is convenient for the insured.


  1.   Is there a discount in premium if we sign up as a group?

Yes, Group discount is applicable with a minimum membership of 50 subscribers per group.


  1.  Why is my premium different from my colleague earning the same salary?

Your job history and job profile, among others, are some of the factors considered in premium calculations.


  1.  What information is required in order to process my claim?

For you to have a claim, you must have been a member with a log-in ID. Please, log-in into your account and follow the instruction.


  1.  What happens when PSPS receives my claim submission/form?

Our team begins your claim payment process immediately. Status of your claims can be viewed from your account.


  1.  On what condition(s) will PSPS not pay a claim?

PSPS will not pay claim when you willingly resign from your job, retire, or terminated as a result of fraud.


  1.  What if my claim has been declined and I do not agree with the decision?

You may re-present your complaint to our Claims Complaint Committee (CCC) by sending an email detailing your complaint to


  1.  How are payments made once the claim is approved?

You will have to be physically present to pick your cheque at our office closest to you once the claims is approved.


  1.  What happens after I apply but I later decide not to continue with the scheme?

PSPS provides a 30-day of free-look window where an individual can opt out of the scheme without any penalty.


  1.  How do I know if my application has been received?

You will receive a confirmation email from us on submission of your application form.


  1. What can I do if I am experiencing technical difficulties on the website?

As much as we have worked at eliminating our domain downtime, if you experience any such technical challenge, kindly call our customer care line on +234 705 665 0001, +234 811 320 0001.


  1. Is applying online for Prestige Salary Protection Shield (PSPS) benefits secure?

As much as we are aware about internet scam, we collect minimum information that is irrelevant to scammers. The online platform is secure.


  1. After benefiting from this scheme and I get a new job, can I still continue on this scheme.

Yes, you can. You will be advised on the new premium for your new job.


  1. What should I do if I cannot report or be available to pick my claims benefit as instructed?

Your cheque will be waiting for pick-up as soon as you are available.


  1. What does it mean to be disqualified or penalized? What can cause a disqualification

An individual may be disqualified if a moral issue arise. Moral issue include falsified report or information.


  1. What happens if I quit my job?

If you quit your job and not a termination by your employer, you are not entitle to any benefit


  1. What happens if I am fired from my job?

You apply for claim benefit if you are qualified 


  1. How do I submit my paper record of Employment and other documents required when I apply online?

The website has upload link to upload all documents. In addition, you may send such copies to our office physically.


  1. When can I make a claim?

When an active policy holder losses his/her job involuntarily and not as a result of disciplinary action or resignation.