Education Plan Plus
OBJECTIVE
An easy and efficient way to give yourself or your children the chance to pursue a higher level of education. This plan is created to satisfy the policyholders' or their children's educational needs.
FEATURES
- Entry Age: 18 - 50 years
- Term: 10 - 20 years subject to age 60
- Premium: Monthly minimum of GH¢60 with minimum benefit of GH¢5,000.
- Sum Assured: Minimum of GH¢5,000
- Inflation Protector Factor: An annual premium increment ranging from 5 to 30% will trigger a relative annual increase in the Sum Assured to protect the insurance cover from eroding due to inflation.
- Partial Withdrawal: Access up to 60% of accumulated fund.
BENEFITS
- Death Benefit
- Maturity Benefit
Ultimate Family Security Plan
OBJECTIVE
With this plan, the policyholder can save money while having life insurance coverage. It allows you to accumulate wealth for your family’s future security.
FEATURES
- Entry Age: 18 - 55 years
- Term: Up to the policyholder attaining the age of 60 years
- Premium: Monthly minimum of GH¢60
- Sum Assured: GH¢5,000 - GH¢20,000
- Inflation Protector: An annual premium increment ranging from 5 to 30% will trigger a relative annual increase in the Sum Assured to protect the insurance cover from eroding due to inflation.
- Policy Loan: Access up to 80% of accumulated fund.
- Partial Withdrawals: Access up to 50% or 60% of accumulated fund.
- Surrender charges are applicable depending on the number of years from inception
BENEFITS
- Maturity Benefit
- Death Benefit
- Optional Benefits
- Personal Accident - Total Permanent Disability (TPD) / Total Temporary Disability (TTD)
- Critical Illness (CI)
- Hospitalisation
SETTLEMENT OPTIONS AT RETIREMENT (age 60)
- Lump Sum
- Periodic payments as advised by the policyholder
For further information, contact accredited sales representatives, any SIC LIFE Office near you or the offices listed on this site.
