Why Choose Group / Church Welfare Policy
Group / Church Welfare Policy
A five year renewable group welfare policy targeted at churches, old school clubs and every legitimate association. It covers death of Members, Spouses, Parents, Parents-in-Law and Children. It also provides benefit in case of total permanent disability (TPD) to member and/or spouse.
FEATURES
- Minimum of 20 membership
- Maximum age of member and spouse is 64
- Waiting Period of 4 months
- Monthly Advance Premium Payment
- Grace Period of 2 months
- Window of reinstatement but waiting period will be served
BENEFITS
- Provide benefit to groups when there is death.
- Provide benefit to group/individuals in case of Total Permanent Disability to Spouse/Spouse.
- Other auxiliary benefits including childbirth, Marriage and Exit benefit.
DEATH CLAIMS REQUIREMENTS
- Notification of death within 6 months
- Death Certificate or Medical Certificate of cause of death
- Letter from the group
- Obituary
TPD CLAIMS REQUIREMENT
- Notification of TPD not exceeding 3 months from date of disability.
- Letter from group.
- Written confirmation/medical report by a Medical Officer Certified by the Medical or Dental Council.
Vanguard Life Smart Target Plan provides financial support at each stage of your life. The policy is an investment-linked life assurance plan providing both life cover and savings benefits. The Smart Target Plan assures you that your investment premium is secured and shall earn a guaranteed interest. The policy pays lump sum at maturity. However, you have the option to purchase annuity (monthly payments) for a defined period or for life.
- You have a home with a fixed mortgage that you need to secure.
- You have children, whom need financial stability while they grow up.
- You have debts that will be paid down over time.
- When you need low-cost life insurance with “no-frills.”
If you hope to have a successful future for your child, then Vanguard Life’s Child Education Plan has a good education plan for you today
