Saham Ghana Life insurance
Mass market – Life insurance
Life
Assured Action Plan
Assured Action Plan enables the achievement of personal life objectives (e.g. capital to start a sideline business, buy a land and build your dreamed home, buy a dreamed vehicle and have a dreamed holiday). This product is the action plan to enable you achieve your personal objectives.
Assured Child Education Plan
Our Assured Child Education Plan is designed to provide secure financial preparations to finance the various stages of educating a child whether parents are dead, permanently disabled or alive.
This plan provides the under listed benefits:
• The term of the plan is linked to the age and stage of the sponsored child.
• The plan ensures that, money is available when the parent needs it most.
• The plan allows you twelve months in the event of loss of job with evidence to maintain your policy.
• The plan provides you option to preserve the value of your benefit at maturity (benefit update) from the effect of inflation.
• A maturity value consisting of the guaranteed benefit together with any profit shares added over the years.
• Waiver of Premium: Upon death or PTD of policyholder before maturity date, premiums are no longer due, and the guaranteed benefit is paid to the beneficiary at maturity date.
• Family Income Benefit: an annuity payment to the beneficiary until maturity of the contract, upon death or PTD of the policyholder before maturity date.
Our Assured Child Education Plan is designed to provide secure financial preparations to finance the various stages of educating a child whether parents are dead, permanently disabled or alive.
Assured Family Income Plan
Assured Family Income Plan guarantees monthly income to you or your family in the eventuality of permanent disability or untimely death.
This plan provides the under listed benefits:
• The plan is designed to ensure the individual’s family member continue to be provided an income in the event of death or permanent disability of the breadwinner.
• The term of the plan is linked to the number of years the employee has to retire.
• The plan ensures that, money is available when the family needs it most.
• The plan allows you twelve months in the event of loss of job with evidence to maintain your policy.
• The plan provides you option to preserve the value of your benefit at through annual premium updates to guard against the effect of inflation.
• The benefit value consists of multiples of the insured annual salary with any profit shares added over the years.
• Benefit payment commences immediately after the insured dies or is permanently disabled
• 10% cash back after every five years if no claims occurs.
• Policy expires at 60 years; this means that premium payment also ceases at 60 years.
Assured Investment Plan
Assured investment plan enables secure long term financial plan to finance lifetime needs especially when you have no desire and ability to work actively to generate income.
This plan provides the under listed benefits:
• Lump sum payment at maturity
• Policy loan after 24 months of continuous premium payment
• Part withdrawal of 80% of investment account benefit yearly after 2 years
• Cover amount plus investment account balance payable to selected beneficiary in the event of death.
• 5% guaranteed interest annually on investment account.
• A minimum monthly premium of GHC25
• Annual premium update as a hedge against inflation
Assured Funeral Plan
Assured Funeral Plan guarantees you and your family members befitting and dignified transition to your maker. The first of its kind in Ghana, you pay premiums up to age 60 and enjoy cover for life with 20% of the cover amount paid to policyholder for the celebration of one week without additional premium and without a reduction in the funeral benefit.
This plan provides the under listed benefits:
• Payment of benefit within 72 hours upon receipt of relevant documents.
• Payment of 20% of the cover amount within 2 days after the death for 1 week celebration.
• We pay 50% of the cover amount one year after the demise of the life assured for a befitting anniversary celebration (optional).
• Cash back benefit of 10% of the premium paid less expense if no claim is made after 5 years.
• Policy continues for life after three years if the policyholder is unable to pay premium.
• Waiver of premium benefits – Premium waiver after age 60 if you sign on before 55 years.
• Premium waiver after 65 years if you sign on after 55 years.
• Premium payment is waived if the Policy Owner dies anytime after the waiting period.
• Deceased secondary lives premiums are moved into a cash bonus account upon death.
• A guaranteed interest of 5% is paid on this annually.
• The policyholder can access this amount after every 3 years or use it to pay defaulted premiums.
• Annual automatic premium update to guard against inflation.
See Also
Saham Insurance Ghana Insurance Policies