This is an endowment plan for account holders that promises a guaranteed sum assured at maturity.

Qualifying Criteria/Target Market

Individuals between the ages of 18 and 64

Here's what you'll get with the WealthMaster Plan

• The sum assured after the policy term expires
• A two-year contributed premium can be used as collateral for a facility

Things to know

• Minimum monthly premium of GHS100
• Minimum policy term of 4 years and maximum of 10 years
• Payments under this plan shall be made in Ghanaian currency through the policy holder’s GCB account
• The plan will lapse if the premium is not paid by its due date, except in the event of the policyholder's death
• Waiting period of 91 days to be eligible for the sum assured in the event of death
• Policy holders are eligible to receive a surrender value after they have paid premiums for up to 24 months

Benefits for the customer

• Accumulate savings over time with interest
• The policy can be reinstated within 12 months from the date of default by the policyholder
• Sum assured will be paid to beneficiaries or legal representatives in the event of death
• The policy holder is entitled to 50% of the sum assured if incapacitated during the term due to specified conditions, with the policy continuing until maturity

Requirements

• Complete application form
• Provide Ecowas card
• Provide one passport sized picture

Eligibility criteria for claim payments

• Medical cause of death / Death Certificate in case of death of policy holder
• Police report in the event of death resulting from accidents
• The original plan/policy document
• ECOWAS Identity Card (Ghana Card)