Diaspora Insurance
Diaspora Insurance
This is a term funeral policy for Ghanaians living abroad. The purpose of this policy is to provide insured individuals with adequate cash to enable then organize befitting funeral ceremonies for their loved ones living in Ghana. Diaspora Insurance seeks to lessen the financial burden on Ghanaians living abroad when they lose their loved ones back home.
Main benefits
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Policy does not lapse. The policy is still active for all family members under cover who have gone past the waiting period, even after the death of the policyholder.
Optional benefits
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Lump sum payment to the policyholder in the event the spouse passes on.
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Annual premium increments to hedge against inflation.
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Upon receipt of all premiums, a cash bonus of 25% of the third-year annual premium will be paid back to the policyholder every 3 consecutive years if no claim has been made.
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50% policy benefits are transferable to one family member, younger or the same age as the principal assured.
