Ultimate Protection Plus

The dreams and aspirations of every family ceases upon the demise of the breadwinner. It is during this trying time that the essence of the role of the breadwinner is truly appreciated.

 

StarLife Assurance fully understands the impact of the loss to the grieving family and with the best interest of the client at heart, we have designed and introduced the Ultimate Protection Plus (UPP) which provides ultimate protection to the breadwinner and his/her dependants.

 

WHAT IS THE ULTIMATE PROTECTION PLUS

 

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

 

ELIGIBILITY

 

Minimum age at entry should be 21 years and maximum should be 56 years

 

POLICY TERM

 

This policy has a minimum term of 8 years and a maximum of 20 years. The age of the assured at the end of the term shall not exceed 65 years.

 

 MAIN POLICY BENEFITS

 

Death Benefit

On the death of the life assured, a lump sum payment equal to the sum assured as stated in the Policy Schedule will be paid to your beneficiaries.

 

Total and Permanent Disability Benefit

A lump sum payment equal to the sum assured as stated in the Policy Schedule will be paid to you in the event of a total and permanent disability.

 

Returns for Loyalty (RFL)

There is a return of all premiums if the assured survives the entire term of the policy. For assureds who choose 10 years and above, a 5% simple interest will be calculated on all premiums paid in addition to the return of premiums.

 

OPTIONAL BENEFIT

 

Critical Illness/Dread Disease

A lump sum payment equal to the sum assured as stated in the Policy Schedule will be paid to you in the event of any of the critical illness or dread disease below:

 

Alzheimer’s Disease

Blindness (Severe Glaucoma or Cataract)

Cancer

Coma

Coronary Artery Disease requiring surgery

Heart Attack

Loss of use of limb due to medical causes

Major Burns

Multiple Sclerosis

Organs transplant

Paralysis

Renal Failure

Stroke

OTHER BENEFITS

 

Attractive non-medical limit of GHC200,000.00

Policy is assignable

Rights to the benefits under this policy are transferrable.

 

Benefits Increase Option

The policyholder has the option to increase premium on an annual basis to hedge against inflation. The policyholder can choose from any of the following options:

 

Options Annual Premium Increase Annual Benefit Increase

Option 1 5% 3%

Option 2 10% 6%

Option 3 15% 9%

Option 4 20% 12%

 

 

CLAIMS PROCEDURE

 

The Company will pay legitimate claims promptly on receipt of the following but not by way of limitation:

 

In the case of death, either a Death Certificate or any other legal proof of death.

In the case of Total and Permanent disability, medical evidence by a qualified registered medical doctor is required.

In the case of Critical Illness/ Dread disease, medical evidence by a qualified registered medical doctor will be required.

A valid identity card that establishes the name and date of birth of the policyholder and/ or claimant: Voters’ ID, Driver’s license, Passport or NHIS card.