miPlan Funeral Policy
This policy provides payment of a lump sum (Sum Assured) for funeral expenses at the occurrence of the death and total disability of an employee; or of the death of a spouse, child, parents (biological and in-laws).
Features
Death and total permanent disability cover for the insured employee
Death cover for the employee’s spouse, children, parents and parents in-law
A monthly premium is paid by each employee
Maximum entry age for an employee is 59 years
Maximum entry age for spouse, parents and parents in-law is 85
Children must be between 1 to 21 years old. However, cover for children ceases at 24
No waiting period for nuclear family
6 months waiting period applicable to parents and parents in-law
Now waiting period for accidental death
No medical underwriting
Same sum assured for all lives covered except children who get 50% of the benefit under each option
Various packages ranging from GHS 5,000 to 30,000
Monthly Premiums & Benefits
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| Benefits (GHS) | 5,000 | 10,000 | 15,000 | 20,000 | 25,000 | 30,000 |
|---|---|---|---|---|---|---|
| Nuclear Family | 8.50 | 17.00 | 25.50 | 33.00 | 41.50 | 51.00 |
| Nuclear Family + 1 Parent | 22.50 | 44.00 | 65.50 | 88.00 | 110.50 | 131.00 |
| Nuclear Family + 2 Parents | 36.50 | 72.00 | 108.50 | 144.00 | 180.50 | 217.00 |
| Nuclear Family + 3 Parents | 50.50 | 100.00 | 150.50 | 200.00 | 250.50 | 301.00 |
| Nuclear Family + 4 Parents | 63.50 | 126.00 | 188.50 | 252.00 | 315.50 | 377.00 |
Frequently Asked Questions
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Employees of companies and institutions.
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Yes and no. There is no waiting period for the nuclear family, and there is a 6-month waiting period for parents and parents in-law.
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No, it applies to only the insured employee.
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Yes. The age limit for main life is 59, and that for spouse, parents and parents in-law is 85.