The product seeks to provide a comprehensive life insurance cover under a single policy in the eventuality of death or total permanent disability of his/her guardian.

SCOPE OF COVER

Death or Permanent Disability – Sum Assured paid to the school/trustee on behalf of the student upon death or permanent disability of his/her guardian.

KEY FEATURES 

The policy covers the assured against death or permanent disability during the period of his/her stay as a student of the institution. The student therefore is the beneficiary of the policy.

• The minimum and maximum age of entry under the policy is 18 and 65 years respectively.
• A single premium based on the premium rates shall be paid at inception.
• The term of the policy is yearly renewable.
• Medical examination is not required.
• The maximum sum assured under this plan is GH¢24,000.00.
• The agreed premium is payable upfront annually.
• The institution shall be issued with an insurance certificate as well as an agreement as evidence of the insurance contract.
• Cash Back (Cash Bonus) of 10% of initial annual total premiums paid will be payable every two years under the policy if there is no claim on the policy during the two-year period under consideration and if the policy is still in force.