Life insurance is a type of insurance that provides for the payment of a specified amount of money to an assigned beneficiary upon death of the one insured.
Life insurance is there to assist when the inevitable happens to you or any of the people dear to your heart. For that matter insuring yourself or others, is one of the best things to consider at this juncture of your life.
In this post, we are going to tell you much about one of the renowned life insurance companies in Ghana, their policies and more.
I guess you have a clue. The company to be talked about is Glico Life Insurance. Let’s delve deeper!
- About Glico Life Insurance
- Glico Life Insurance Policies
- How To Get In Touch With Glico Life Insurance And etc.
About Glico Life Insurance
Glico Life Insurance was established by Mr. Kwame Achampong-Kyei upon his return from the UK.
Sometime ago, GLICO Life Insurance was initially known as Gemini Life Insurance Company Ltd. The company successfully acquired a license to operate in 1986 however, it begun running from 1987.
Currently, Glico Life Insurance has not less than six subsidiary companies. They are: GLICO Life , GLICO General , GLICO Healthcare, GLICO Pensions, GLICO Capital and GLICO Properties.
As you move further in this post, you will come across the products, services or policies of Glico Life Insurance.
Policies Of Glico Life Insurance
The main policies available at Glico Life Insurance are:
- GLICO Personal Accident Plan
- GLICO Premium Funeral Insurance Plan
- GLICO Ideal Funeral Insurance Plan
- Enhanced GLICO Education Endowment Plan
- Enhanced Life Savings Plan
- Microinsurance Products
- GLICO Family Life Comprehensive Plan
Glico Life Insurance Policies
GLICO Personal Accident Plan
This type of policy plan covers: you (the Main life) and your partner (or spouse).
You (the Main life) must have a minimum age of 18 years. Again, your age limit or the maximum age that you must have in order to qualify for this policy plan is 59 years.
Then also, your spouse must have a minimum age of 18 years and a maximum age of 59 years in order to qualify for this policy plan.
The duration for this type of policy plan is 10 years minimum and 20 years maximum. However, this policy plan finally ends on the 70th birthday of the one (beneficiary) that it covers.
One thing worth mentioning is that, with this policy plan the main life is assured a minimum amount of GH¢50, 000. Meaning, the assured sum can exceed the amount just mentioned. Also, the spouse of the main life is assured a minimum amount of GH¢25, 000.
Benefits: Accidental Death ( 100% of the sum assured will be paid), Temporary Disability (50% of the sum assured will be paid), Total Permanent Disability (50% of the sum assured will be paid), Dismemberment (100% of the sum assured will be paid).
GLICO Premium Funeral Insurance Plan
This type of policy plan covers: you (the Main life) and your family (Children, Spouse—2 lives maximum, Parents and Parents in-law—4 lives maximum, Extended Family Members—2 lives maximum).
The main life and spouse are assured a maximum sum of GH¢200, 000.
Benefits: Accidental Death, Total Permanent Disability, One Week Celebration and One Year Memorial, Memorial Project, etc.
Glico Life Insurance Contact Information
Please use the link here to reach out to Glico Life Insurance. Yet still, you can call Glico Life Insurance via: + 233(0) 20 222 113 / +233(0) 302 218 500.
Location Of Glico Life Insurance
Glico Life Insurance has many branches across Ghana. Some of their branches are as follows:
- Koforidua: Antartic Plaza P.O. Box 713, Koforidua
- Nkawkaw: Opposite Nkawkaw Lorry Station, in the same building as GN Bank.
- Akyem Oda: Adjacent Oda Gov’t Hospital P.O. Box 960, Oda
Upper East Region
- Bolgatanga: SSNIT Building, Bolga-Navrongo Road, P.O.Box 618, Bolgatanga
Upper West Region
Greater Accra Region
N.B: Please you can find out more about Glico Life Insurance Company Ltd on their website at: glicolife.com