Policy Features
The Plan covers you, the Main life, and your spouse as stated in the table below:
| Life Assured | Maximum Lives | Minimum Age | Maximum Age |
| Main Life | 1 | 18 years | 59 years |
| Spouse | 2 | 18 years | 59 years |
Policy Duration
Minimum term: 10 years
Maximum term: 20 years
Cover terminates on the Life Assured’s 70th birthday.
Sum Assured
The sum assured on the Plan is stated in the table below:
| Life Assured | Minimum Sum Assured (GH¢) | Maximum Sum Assured (GH¢) |
| Main Life | 50,000 | Unlimited |
| Spouse | 25,000 | 50% of the Main Life’s sum assured |
Main Benefits
1. Accidental Death Benefit
If you pass or your spouse passes away as a result of an accident, the Sum Assured as stated below shall be paid to your named beneficiaries. The benefit to be paid are:
| Life Assured | Sum Assured |
| Policyholder | 100% |
| Spouse | 50% |
2. Temporary Disability
Temporary disability benefit of up to 50% of the sum assured shall be paid to you if the disability suffered as a result of an accident continues for at least 30 days. The Temporary disability benefit payable for your spouse will be up to 50% of your (main life’s) temporary disability benefit.
3. Total Permanent Disability
If you suffer a Total Permanent Disability as a result of an accident, a benefit of up to 100% of the sum assured will be paid to you. Benefit for your spouse will be up to 50% of your sum assured in the event of her/him suffering a Total Permanent Disability.
4. Dismemberment
In case the Life Assured loses a member of his or her body, the benefit payable will be:
| Dismemberment | Sum Assured |
| Total loss by physical severance of two limbs | 100% |
| Total and permanent loss of all sight in both eyes | 100% |
| Total and permanent loss in one eye and the total loss by physical severance of one limb | 50% |
| Total loss by physical severance of at least one limb | 50% |
| Total and permanent loss of all sight in one eye | 50% |
Benefit for spouse will be up to 50% of the Main Life’s sum assured.
5. Bodily Injury
If there is visible bodily injury leading to loss of a body part or severe burns, an amount, of up to 30% of the sum assured will be paid to the Main Life. Benefit for the spouse will be up to 50% of the Main Life’s sum assured.
6. Accidental Surgery
If Main Life undergoes any major surgery as a result of an accident, 20% of the sum assured will be paid. Benefit for the spouse will be up to 50% of the Main Life’s sum assured
7. Cash Back
You shall be entitled to a 5% cashback on all premiums paid after every 5 years.
8. Shopping Vouchers
To celebrate you, shopping vouchers worth 1% of the sum assured will be paid to you every 5 years, if no claim is made.
Additional Features
1. Premium Holiday
You will be entitled to a one-month premium holiday over the policy term.
2. Never Lapse
The policy shall never lapse.
3. Benefit Escalator
The benefits payable under this policy shall be escalated at a mandatory rate of 5% with an upward premium adjustment of 10%. Policyholders can also select a rate between 5% & 15% and the respective premium adjusted at a rate equal to 30% of the selected rate.4. Modal Premium
This enables premium rates to be converted to different periods i.e. premiums are discounted per the table below
| Premium Mode | Annual | Semi-Annual | Quarterly | Monthly |
| Modal Loading | 90% | 95% | 100% | 100% |
When Will My Cover Commence?
Cover will start when your application is accepted by GLICO LIFE, you pay your first premium and the Policy is issued to you.
Who Qualifies For This Policy?
This Policy is designed for any individual between the ages of 18 to 59 years and can make the required monthly premium payments.
How Do I Join The Plan?
Our experienced Customer Service Executives are ever ready to complete a short digital proposal form (M-Proposal) on their mobile devices for you. Your policy would be issued when the first premium is received by GLICO LIFE through our numerous premium payment services.
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