Ordinary life insurance is commonly defined as a policy that pays a beneficiary at the end of a policy period or at death. In effect, it is the insurance on the life of the insured for a fixed amount at a definite premium that is paid each year in the same amount (or by agreed annual increment amount) during the entire period of the insured.
GLICO LIFE’s ordinary life insurance can be a pure protection policy or a combination of pure protection insurance and investment. In the event of death, accidents or hospitalization, a policyholder receives agreed money payout on a pure protection policy. At the end of an agreed period of insurance with a combination policy, the policyholder receives money payout from the investment made out of the investment premiums contributed. Returns on investment are usually very high compared to other investments Products.
GLICO CRITICAL ILLNESS PLAN (GCIP) is a pure protection policy specifically designed to provide cover for individuals and their family in the event of critical illness or dread diseases. GCIP serves as a Critical Illness Health Policy [CIHP] which will pay out a lump sum to the policyholder if a critical illness event occurs. The minimum entry age is 18 years and the maximum entry age is 59 years.
Critical illness or dread diseases are diseases found to be serious and life threatening such as heart attack, cancer, stroke, Alzheimer’s, Parkinson’s, among others. The road to treatments and recovery for such illnesses can be a slow and costly one.
Depending on the age of the applicant, the minimum sum assured amounts is GH10, 000.00. Applicants can select sum assured amounts of in multiples of GHC 10,000.00 to an agreed maximum amount.
Benefits under GCIP covers among others, the listed critical illness below:
It’s a vital and worthy consideration for every traveler embarking on a journey to be adequately covered by insurance before the trip for ample protection against the unexpected and also enjoy peace of mind.
The GLICO-Mapfre Asistencia Travel Insurance provides adequate cover to relieve our client financially (cost of treatment) if any of the listed assured events occur.
The GLICO-Mapfre Asistencia travel insurance policy satisfies all the Schengen and Non-Schengen states’ visa requirements.
Features Of The Plan:
Cover can be taken for persons from the ages of 3months and above. Cover commences on the effective date of the policy but only when the insured departs his home country.
The GLICO-Mapfre Asistencia Travel Policy is well suited to cater for more specific coverage such as Schengen package, Student package, Family package and the Traveler package all of which meets the exact requirement by Embassies.
Main Benefits: *
Medical and Emergency Assistance
Personal Assistance Service:
Personal Accident in means of Public Transport:
Trip Cancellation or Curtailment Expenses
*NB: The benefit cover is subject to provided by the referred plan.
The geographical scope of this policy is worldwide and is widely accepted by Embassies (both Schengen and non-Schengen).
Processes And Claim
The Travel Insurance Policy is processed under 10minutes upon receipt of required information and payment.
Claims are paid after dutifully reporting incident on time and after necessary investigations are carried out
The premium payable is dependent on the destination of travel, duration of cover and the age of the applicant. Premium is in Ghana Cedis.
How To Apply For The Policy
You can call 0302-218500 or visit any of our branch office nationwide listed on the back of leaflet for ready assistance from our experience support team.
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