Supreme HomeCall Plan

What is the Supreme HomeCall Plan?

 

The Supreme HomeCall Plan is a whole life funeral policy which provides insured individuals and family members with cash to enable them organize befitting burial and funeral ceremonies for their loved ones.

 

Eligibility

 

The minimum entry age for assureds with the exception of children is 18 years. Any Principal Assured, his/her spouse, child and extended family shall be eligible for cover provided they are in good health and fall within the ages below:

 

Assured Maximum Age at Entry

Option 1 Not more than 64

Option 2 Not more than 64

Option 3 Not more than 23

Option 4 Not more than 74

Option 5 Not more than 74

Policy Features

 

Spousal Benefit Option

Personal Accident Cover

Policy does not lapse

Hedged against inflation through automatic annual increase in premium and benefit options.

Cash Back if no claim is made over every three-year period

Waiver of Premium which ensures that all other insureds are covered in the event that the policyholder passes away

Hospitalization Benefit which pays a specified amount to the Principal Assured when he or she spends two (2) or more nights in a hospital and is treated as an in-patient

Life Cover Transfer which allows the principal assured to transfer 50% of his or her life cover to one family member

End of Term Benefit Options:

Refund

When the principal assured or policyholder survives the premium payment term of the policy without making any claim, there is a refund of premiums (less administrative charges and any cashback paid).

 

Free Cover

A Free cover is activated and the basic cover for all Assureds continue till death without premiums.  However, if the benefits increase option was exercised, this option would automatically cease at the end of the payment term.

 

Optional Increment Benefit

 

Policyholders can opt for annual benefit increase option to hedge against inflation.

 

The table below summarizes the annual benefit structure with its respective premium increment

 

Options Annual Premium Increase Annual Benefit Increase

Option 1 5% 3%

Option 2 10% 6%

Option 3 15% 9%

 

 

BASIC BENEFITS

 

Product Options

 

The table below summarizes the benefit structure applied under various product options.

 

Benefit Category Principal Sum Assured (GH¢) Spouse Sum Assured (GH¢) Children Sum Assured (GH¢) Parents Sum Assured (GH¢) Parents-in-law Sum Assured (GH¢) Extended Family Sum Assured (GH¢)

Option 1 2,000 2,000 1,000 2,000 2,000 2,000

Option 2 5,000 5,000 2,500 5,000 5,000 5,000

Option 3 7,000 7,000 3,750 7,000 7,000 7,000

Option 4 10,000 10,000 5,000 10,000 10,000 10,000

Option 5 15,000 15,000 7,500 15,000 15,000 15,000

Option 6 20,000 20,000 10,000 20,000 20,000 20,000

Option 7 25,000 25,000 12,500 25,000 25,000 25,000

Option 8 30,000 30,000 15,000 30,000 30,000 30,000

Option 9 40,000 40,000 20,000 40,000 40,000 40,000

Option 10 50,000 50,000 25,000 50,000 50,000 50,000

CLAIMS

 

Procedure to Claim Death Benefits

 

The following documents are required to establish a death claim:

 

a valid medical certificate of cause of death

evidence of relationship with principal assured

evidence of coverage

Death certificate

Police report in the case of accidental death.

For a Total and Disability claim under the Personal Accident cover the Disability must be medically certified by a qualified medical practitioner.

Procedure to Claim Hospitalization Benefits

 

The following documents are required to claim hospitalization benefits:

 

Copy of attested Hospital Discharge summary;

Medical report;

Original endorsed receipts of medical bill payments

Valid Photo identity card; and

Any other relevant document as required by the Company