GLICO End of Service Benefit

This Policy is designed to provide a supplementary retirement benefit and life insurance cover as a rider on the Policy.

The Policy also provides cash benefits at maturity or to a named beneficiary when death occurs before Policy maturity. Death, accident disability and hospital cash income covers are embedded in the Policy.

This Policy covers only the Policyholder

GLICO Personal Accident Plan

The Personal Accident Insurance Plan provides financial support to Policyholders when they suffer from any of the following, as a result of an accident:

The Policy covers the Main Life and two spouses. Sum assured for spouses is 50% of the Policyholder’s benefit.

The Policyholder enjoys Premium Holiday and Loyalty benefits. This Policy does not lapse.

GLICO Premium Funeral Insurance Plan

GLICO Premium Funeral Plan 

This Policy is designed to meet the financial burden of funerals and related costs after the death of a loved one.                                                                                                                                         

Policy Cover                                                                                                                                                         

This is a whole life policy that covers the Main Life with an option to cover spouse, children, parents and parents-in-law as well as extended family members. The sum assured for the Main Life ranges from GH¢50,000.00 to GH¢200,000.00 for the Principal Life.

GLICO Premium Funeral Plan does not lapse. Also, the Policyholder can at any time during the life of the Policy swap one of the Lives Assured with an uncovered life when a covered life death occurs.

Benefits

The policy provides the following benefits:

GLICO Ideal Funeral Insurance Plan

Ideal Funeral Plan 

This Policy is designed to meet the financial burden of funerals and related costs after the death of a loved one.                                                                                                                                         

Policy Cover                                                                                                                                                         

This is a whole life policy that covers the Principal Life with an option to cover spouse, children, parents and parents-in-law as well as two extended family members. GLICO Ideal Funeral Plan does not lapse. The Policyholder can at any time during the life of the Policy swap one of the Lives Assured with an uncovered life when a covered life death occurs

The sum assured for the Main Life ranges between GH¢10,000.00 to GH¢50,000.00. 

Benefits

The policy provides the following benefits:

Enhanced GLICO Education Endowment Policy

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. 

Enhanced Life Savings Plan

This is an endowment plan aimed at helping the Life Assured set financial ambitions with a guaranteed lump sum assured benefit at the end of a specified term. The plan also provides lump sum payment for death and total permanent disability and further pays the sum assured at end of the Policy term to the named beneficiary(ies) on the Policy.

This Policy covers only the Policyholder

GLICO Family Life Comprehensive Plan

GLICO Family Life Comprehensive

The Family Life Comprehensive insurance Plan is a unique term Policy which 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 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: