CBG EDUCARE PLAN

The policy aims to set funds aside to cater for educational expenses of the policyholder or their dependents. It provides both an investment component and an insurance benefit.

Policy Features (Investment)

Investment Premium: GHS100 – GHS1,000

Investment Term: 7 – 18 years Ages:

Maturity: At the end of the term

Surrender: Penalties apply when

cancelling before the end of the term

No waiting period for accidental deaths

Policy Features (Insurance component)

Cover: Main life & up to 6 children

Main life (18-59), Children (0-21)

Waiting Period: 6 months and 12 months for

subsequent lives. 50% premiums payable for

natural death in the period for the deceased

Insurance Benefits

a) Life Cover Cash benefit:

Policy pays cash benefit (like a funeral cover benefit) if the main life or child dies having served the 6 months waiting period and within the policy term. How much Life Cover to be given depends on how much the customer pays as investment premium between GHS100 – GHS1000 as seen below:

Life Covered  100  101 - 250  251 - 500  501 - 750  751 - 1000

Main Life  1,200  3,000  6,000  9,000  12,000

Children  600  1,500  3,000  4,500  6,000

b) No Premiums benefit (Death & TPD Waiver of Premium):

Ensures that investments are still contributed in the event the parent (main life) suffers a permanent disability that renders him/her unable to work or suffers a pre-mature death before the end of the term.

Others Benefits

Add-on Benefits:  Optional Benefits

Full Encashment: Policy regard to mature in 10 years; however, if a client opts for <10 years; 7, 8 or 9 can still encash fully. Likewise, those who opted for > 10 years; 11, 12… can still encash in the 10th year  Cash Bonus: Provides an extra savings component between GHS10 – GHS50. Can withdraw partially after 1 year and full withdrawals after 3 years

Partial Withdrawal: Allowed to make partial withdrawal in the investment once a year after a minimum of 12 months contribution.

Paid up: Policy can be moved to “investment only” rather

than surrendering if client wishes not to invest any

longer. Client loses both the life cover and the waiver of

premium and no premiums will be deducted till maturity.

Unemployment Bridging: Policy remains active for a period of 12 months to allow policyholder to find a new income source. Not cover for natural death but for a 30%

Accidental death during this period.

 Hospitalization: Provides cover for only the main life. Options vary from GHS30, GHS50, GHS70, GHS100 & GHS150.

Paid when main life is hospitalized for 3 days or more

Claim is option selected multiplied by no. of days spent up to 30 days for a calendar year and ceases at age 65.

Underwritten by Enterprise Life

The CBG Motor Insurance policy covers a range of risks associated with owning and operating a vehicle, including bodily injury, property damage, theft etc. Our Motor Insurance offers two main types of coverage, the Third -party liability plan and the Comprehensive Insurance Plan.

The Third-party liability plan provides coverage for damages to third-party persons or property in the event of an accident. This policy is mandatory for all vehicle owners in Ghana and is enforced by the Motor Traffic and Transport Department (MTTD) and Insurance Act 1958.

 The CBG Motor Comprehensive Insurance Plan offers extensive coverage, including protection for your own vehicle and third-party liabilities. Coverage for third-party liabilities include:

Protection against loss from:

• Accidents
• Accidental collisions
• Theft or burglary
• Fire
• Windscreen damage
• Accidental bodily injury
• Third-party property damage

Target Group

• CBG Customers
• The General Public

Benefits

• Protection for the insured.
• Convenience
• Competitive premiums
• faster claims processing
• Consistent Claim Assistance

Requirements

Customers will be required to provide the listed information below for quotes and underwriting of a policy once the quotation has been accepted

Requirements for Quotations

of policy

Cover Type

Vehicle Use

Vehicle Value

Seating Capacity

Cubic Capacity (CC)

Year of Manufacture

Car Registration Number

Vehicle Make & Brand

Chassis No

Body Type

Color of Vehicle

Requirements for Quotations

of policy

Name of Owner

Postal Address

Phone number

ID Type

ID Number

Date of Birth

Insurance Start date

With CBG Motor Insurance, you can drive with confidence, knowing that you and your vehicle are well-protected. Visit any of our branches and sign up to our policy now.

Underwritten by Allianz Insurance

This Insurance cover offers protection for your home and its contents against unexpected incidents that happen in the home. Our policy provides peace of mind and financial security for your building and belongings in the following scenarios:

• Fire and Allied Perils: covering the insured’s building against Loss or damage caused by fire, lightning, explosion, earthquake, storm, flood, subsidence, heave, landslip, and other malicious acts.
• Accidental Breakage and Burglary: Coverage for accidental breakage of fixed glass and burglary incidents at home
• Third-Party Liability: Coverage for accidental damage to property and injury to third parties.
• Personal Accident: Protection for the insured and their family in case of personal accidents.
• With CBG Home Insurance, you can rest easy knowing your home and loved ones are well-protected.

Target Group

CBG Customers

The General Public

Benefits

CBG's Home Insurance provides:

• Peace of mind, knowing that you have financial support in the event of an unexpected happening.
• Provides financial security as it alleviates the financial burden associated with repairing or rebuilding your home and replacing your belongings.
• Offers protection against unexpected incidences in your home

Requirement

Customers will be required to provide the listed information below for quotes and underwriting of a policy once the quotation has been accepted.

For quotes

• Value of building
• Value of contents
• Location (address)
• Occupancy of Building
• Surrounding Risk
• Security and fire preventive measures put in place

For policy

• Owner’s Name
• Ghana card number
• Address
• Telephone No.
• E-mail
• Date of Birth
• Occupation (in Ghana)
• Policy start date
• Details of the construction materials  used for your buildings
• i) Walls
• ii) Roof

Visit any CBG Branch to sign up for the policy now

Underwritten by Allianz Insurance