Micro Insurance

OBJECTIVE

A two-year renewal ‘susu’ scheme with a life insurance cover for the informal sector which aids contributors to accumulate funds for their businesses.

FEATURES

• Eligibility: Healthy individuals between the ages of 18 and 70 years who are actively working, particularly in the informal sector
• Premiums: Can be paid daily, weekly, fortnightly or monthly, subject to a minimum daily
• Collection is done at the doorstep of the contributors by our Sales Executives
• Sum Assured
  • GH¢ 1,000 for policyholders who pay less than GH¢50 cedis a month
  • GH¢ 2,000 for policyholders who pay more than GH¢50 a month
• Partial Withdrawal

Contributors may access a percentage of their funds as partial withdrawal. The percentage to be withdrawn is subject to the duration of as given below:

• 30% - after 4 months
• 60% - after 7 months
• 100% - after 12 months

BENEFITS

• Maturity Benefit
• Death Benefit: A lump sum, which comprises of the sum assured in addition to the fund value as at the time of death, is paid as a death benefit.
• Interest on contribution

CONTACT ACCREDITED SALES EXECUTIVES OR ANY SIC LIFE OFFICE NEAR YOU: