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Enterprise Life enhances Funeral Finance Plan

Who can the plan cover?
The plan can cover the following:

  • Life Assured,
  • the Life Assured's spouse
  • children – (maximum of 6)
  • Wider family  - maximum of six (8) out of the following – parents, parents-in-law, stepparents, foster        parents,Siblings, grandparents and additional spouses  Definitions of which can be found in section D.16 in the terms and conditions folder.

The maximum number of lives to be covered under this policy is 16.
Are there any age limitations?
Yes. These are the ages applicable at inception and vary for the different category of lives. They are as follows:

Insured                                      18                     59 years
Spouse                                      18                     59 years
Children                                      0                      21 years
Extended Family                         1                      74 years

Do all the covered members enjoy the same benefits?
No. Whiles the policyholder and the spouse are covered for the full benefit of the plan type selected, parents and wider family cover is 50% of the benefit. See below:
Cover Levels

Family Member
Plan 1 Plan 2 Plan 3 Plan 4 Plan 5 Plan 6
Life Assured 1,500 2,000 2,500 3,000 4,000 5,000
Spouse 1,500 2,000 2,500 3,000 4,000 5,000
Children 750 1,000 1,250 1,500 2,000 2,500
Extended Family 750 1,000 1,250 1,500 2,000 2,500

Can i increase my premiums and benefits anytime I want to do so?
No you cannot increase your premium and benefit once you choose your plan. However you have an option to increase your premium and your benefit automatically on every anniversary year when you opt for an automatic premium update. This will be on compound basis. This option must be selected at the inception of the policy.
Are there any other benefits apart from the life cover benefit?
Yes, Ten per cent of all premiums paid becomes payable every 5 years if policy holder does not make any claim within those 5 years of the policy. Your policy must be active during this period and all premiums should have been paid.
When the life assured dies through accident the policy will pay double the life cover. This applies even when death occurs within the 6 months waiting period.
You will also enjoy a Family Support Benefit after the death of the life assured. This is paid in 6 month's installment. There are two optional add-on benefits available. It cannot be taken on its own on a separate application form.
a) Memorial Benefit
It provides the payment of 50% of that member's burial cover, one year after the death of the Life Assured, or nominated family members.
b) Cash Bonus
It is purely investment, a structured, disciplined way to save, at a good return. The minimum monthly premium is GHC5 whiles the maximum monthly premium is GHC10
When will my cover start?
Enterprise Life will only go on risk once the first premium has been received.
How long will the plan last?
You decide how long you want the cover for. It is therefore open ended.
How do I make a claim?
All claims should be reported at any Enterprise Life Branch offices. The documents required are spelt out in the policy conditions folder. See

Section F.
When will the plan not pay out?

ENTERPRISE LIFE will not pay a claim if:
You do not truthfully provide all the information we ask for on your application form.
The plan is in the waiting period.
The plan has ceased due to non-payment of premiums or surrender
If death is as a result of an exclusion. See policy terms conditions folder Section D.9.
What happens when I die?
Your nominated trustee will make a claim on your life, and any other future claims if applicable, see section C.
How do I get cover?
You must do the following:
Give us all the information we ask for in the application process.
Pay the required premium every month through your bank or from your employers.

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