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 canceling before the end of the term.

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

No waiting period for accidental deaths

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

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.

Cash Bonus: Provides an extra savings component between GHS10 – GHS50. Can withdraw partially after 1 year and full withdrawals after 3 years

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.