- It is a special Policy designed to meet the educational expense needs of Policyholders or their children.
- It provides an easy and effective way to give yourself or your children that chance to attain the higher level of education.
- The primary intention of the product is for a life protection cover and also to ensure that the account value at maturity is substantial enough to meet educational expense needs.
- The plan offers healthy savings returns and other attractive benefits.
WHAT BENEFITS ARE ENJOYED UNDER THE POLICY?
- Death Benefit
The nominated beneficiary(ies) shall be paid the updated Death Benefit.
At maturity, accumulated value is payable without charges
The policy has a surrender benefit payment subject to thirteen (13) months premium payments or a lump sum equal to 13 months premiums having been paid.
- Partial Withdrawal
Withdrawal is permissible after twelve (12) months continuous payment of premiums subject to a maximum withdrawal of 60% of the Cash Value.
- Inflation Protector
Inflation protector to safeguard benefit pay out from inflation.
|Annual Premium Increase||Annual Benefit Increase|
AT WHAT AGE CAN I PURCHASE THE POLICY?
Any person from age 17 (next birthday 18 years) up to 49 (next birthday 50 years) can take this policy.
HOW LONG DOES THE POLICY RUN?
The policy is allowed to run for a minimum term of 10 years and a maximum term of 20 years subject to a maximum age of 60 years.
HOW MUCH PREMIUM IS PAYABLE?
Minimum premium is GH¢ 60
Minimum Sum Assured of GH¢ 5,000.
HOW ARE PREMIUMS PAID?
- Source Deduction
- Bank Direct Debit
CAN BENEFIT BE INCREASED?
Yes, at inception you can select the inflation protector option to safeguard the Sum Assured from deflation.
WHAT HAPPENS WHEN YOU PASS ON?
SIC LIFE will pay the death benefit which will be the higher of the Sum Assured plus inflation Protection factor or the Fund Value as at the time of Death. The applicable benefit will be paid within 48 hours upon receipt of all relevant documents
HOW CAN I KNOW THE BALANCE IN MY ACCOUNT?
Upon request, you will be provided with an easy to understand statement detailing your contributions, death benefit, cash value and interest accrued.
“Take Education Plan Plus TODAY and experience absolute peace of mind!!!”
Call our customer service: 0501570652 / 0501694554