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Family Income Protection Plan

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The Family Income Protection Plan aims to give you a regular benefit if you suffer illness or accidental injury leading to incapacity and a loss of earnings.

Your benefit can replace some of your lost earnings, or if you do not work, it can meet additional expenditure.

The policy pays a lump sum equal to the sum assured in the event that the policyholder dies or becomes permanently disabled.

Your commitment

  • To give us all the medical and other information we ask for when applying for your plan and when claiming benefit. If you don't do this, we may not pay your benefit and may terminate your plan. 
  • To make all the regular premium payments we need for the length of the plan. 
  • To tell us of any claim within the time limits we set.

 

The plan will pay a lump sum payment of the sum assured if you suffer any of the insured events (Critical illness, Total permanent disability or Death) 

In the event of the policyholder being diagnosed with a critical illness, a percentage of the sum assured, is paid.

This is an accelerated benefit, and the benefit paid on death is reduced by any critical illness benefits already paid.

In the event of the policyholder becoming permanently disabled, the full sum assured.

This is also an accelerated benefit. In the event of the death of the policyholder, the full Sum Assured as specified in the schedule is paid.

This is reduced by any previous amounts paid under the critical illness or permanent disability benefits. 

The Life assured is the only member who can be covered

The minimum age at entry is 18.

The maximum age at entry is 60.

Cover ceases at age 65.

This limit also defines the maximum term available for each age e.g. for a 60-year-old, the maximum cover term is 5 years. 

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.

This will be on a compound basis. If the option is not exercised at the inception of the policy, it cannot be exercised later. 

Enterprise Life will go on cover once the first premium has been received. 

The duration of the plan depends on the term you choose.

However, if you are at age 60 the maximum term you can choose is 5 years.

  • Minimum term is 5 years
  • Maximum term is 30 years. 

All claims should be reported at any ENTERPRISE LIFE touchpoints. The documents required are spelled out in the policy conditions folder 

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 has ceased due to non-payment of premiums or surrender 
  • If death is as a result of an exclusion. 

Your nominated trustee will make a claim on your life. 

You must do the following:

  • Kindly provide all the information we ask for in the application process.
  • Pay the required premium every month through your bank.

Other products to consider

We give you access to diverse and personalised plans that help you protect your family and safeguard all that matters most to you.

Investor Relations

Investor Relations Desk
Financial Reports

Locate Us

Advantage Place,
Mayor Road,
Ridge West,
Accra, Ghana

8:00 AM to 4:30 PM, Monday to Friday

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