GLICO End of Service Benefit
The Policy is a savings benefit and provides life insurance cover as a rider on the Policy to the Policyholder.
Additional Covers
Death
Accident Disability
Hospital Cash Income
The Policy is a savings benefit and provides life insurance cover as a rider on the Policy to the Policyholder.
Additional Covers
Death
Accident Disability
Hospital Cash Income
GLICO Funeral Policy
The GLICO Funeral Policy is a whole life assurance plan which pays the sum assured upon the death of the life insured. The plan is designed to provide funds to meet funeral expenses and incidental costs after the death of a loved one.
Benefits
The policy provides the following benefits:
The Enhanced GLICO Education Endowment Policy (E-GEEP) is essentially a savings plan with insurance benefits designed for individuals to accumulate cash for use in financing a child's and/or Policyholder's education.
The E-GEEP primarily provides Child Education Protection Assurance cover which ensures premium payment continuity until policy maturity in the event of death or total permanent disablement of the Policyholder.
The Policy also covers death and total permanent disability benefit for the premium-paying guardian or parent. The E-GEEP does not lapse and the Policyholder also enjoys Premium Holiday
The Policyholder can make a Partial Withdrawal on the accumulated savings amount annually. The policy term is a minimum duration of 8 years and a maximum of 25 years.
This policy is a Universal Endowment Assurance Maximum Savings Plan, with a compulsory term assurance rider. Its unique feature is the Savings and Protection benefits put together to provide lifetime lump sum cash needs of the life assured.
Savings Benefits:
This is the accumulated lump sum (savings plus interest) payable to the life assured upon the maturity of the policy or upon the earlier death of the life assured during the term of the policy.
Protection Benefits:
The Plan also has riders, which provide insurance or pure risk cover to ensure that upon the occurrence of an assured event, a stated amount of benefit is payable to the life insured or his beneficiary.
There are other provisions: -
GLICO Family Life Comprehensive
The Family Life Comprehensive Insurance Plan is a unique Policy that provides a guaranteed minimum lump sum for Policyholders and their families in case of death, permanent disability, and critical illness. The Policy ensures a lump sum amount is made available to beneficiaries upon the death of the Policyholder or spouse and also a relevant lump sum for family sustenance should the Policyholder pass away.
This Policy covers the Policyholder and two spouses.
Below are the benefits of the insurance Plan: