How does the Family Protection Plan work?

This policy is designed to ensure the family continues to enjoy life even when the unexpected happens. It is a renewable term life assurance policy which pays out the sum assured when the event insured against happens within the terms and conditions of the policy

A Cash Bonus of 25% of your annual premium is paid after every three years, if no claim is made over every three year period. With a minimum premium of GH¢20.00 every month, the assured enjoys cash benefits as well as peace of mind.

A waiver of premium option is also available for clients to choose to ensure that other assureds on the policy continue to enjoy protection even after the demise of the policyholder.

• Related Articles

• How many children can I cover under the Family Protection Policy?

  You can cover up to four (4) children under the Family Protection Policy

• Can I get a loan or partial withdrawal on Family Protection and Esteem HomeCall Policies?

  Loans or Partial Withdrawals are not granted on risk products such as the Family Protection and Esteem HomeCall policies. These policies do not have cash values and expire at the end of the term.

• Can I purchase a policy for my children, spouse, parents, and parents-in-laws?

  Yes. You can. The Child Lifeline is for your children’s schooling expenses; the Family Protection Plan will cover your spouse and children; and the Esteem Home Call Plan will cover your parents, parents in- laws and one extended family member

• How does waiver of premium work?

  It enables the policy to stay in force for the other assureds after the death of the Principal Assured without requiring payment of any premium from them until such time as the principal assured would have turned 65 years.

• Can I surrender my Esteem HomeCall for cash?

  The Esteem HomeCall Plan just as any other risk policy, cannot be surrendered for cash value.