Overview 
It is a unique term assurance policy which pays out the sum assured (benefits) when the event insured against happens within the terms and conditions of the policy.

The GCB Ultimate Protection Plan offers businesses, individuals (breadwinners) and their dependents, protection from unexpected events of disablement by way of accident or critical illness and death.

Qualifying Criteria/Targets  
Individuals between the ages of 19 and 57.

Here's what you'll get with the Ultimate Protection Plan

• • A grace period of 31 days shall be granted for the payment of every contribution during which period the cover shall be in force
• A waiting period of 180 days is applicable for both death and critical illness
• Premium at entry shall remain same till end of policy tenor unless the benefits increase option has been activated
• Free annual medical screening for annual premium paying clients

Things to know

All payments due under this policy shall be made in Ghana cedis

Minimum age at entry is 19 and maximum 57 years

No benefit is payable if the policyholder surrenders or cancels the policy

This policy may be reinstated (coverage restored) anytime within 12 months after it has terminated at the end of a grace period

It has a non-medical limit of GHS 200,000

The effective date of the assurance on any assured shall be the day he or she is granted the cover

The policy term is 10 years or more

Claims are paid directly into the policy holders bank account

The policy holder can increase the contractual premium annually

Full refund of premium plus 5% interest at maturity if there is no claim

Return of premium if death occurred naturally within the waiting period

Policy is assignable for loans

Benefits for the customer

 This policy is free from restrictions as to foreign residence, travel or occupations

Full refund of premium plus 5% interest at maturity if there is no claim

Return of premium if death occurred naturally within the waiting period

Policy is assignable for a loan

Free annual medical screening for annual premium paying clients

 

Requirements

Complete application form

Provide an ECOWAS card

Eligibility criteria for claim payments

Payment of any benefit shall be made upon receipt of all the relevant claims documents

All payments due shall be made in the original currency of the policy

Medical cause of death / Death Certificate in case of death of policy holder

Police report in the event of death resulting from accidents

ECOWAS Identity Card (Ghana Card)

General exclusions

• Suicide or an attempted suicide committed within 2 years from the day of the issue of the policy which results in total or permanent disability is a risk not assured by the insurer.