GLICO LIFE BUSINESS PRODUCTS


THE GLICO DEPOSIT ADMINISTRATION SCHEME (DAS)
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The GLICO Deposit Administration Scheme (DAS) is a long term investment plan which assures adequate retirement income for your employees when they retire.

Upon earlier termination or retirement from service, the insured (employee), in accordance with the Scheme rules, can choose to take either of the following benefits:

Gratuity Benefit: - a lump sum of money payable outright at the end of employee's service

Annuity Benefit: - a monthly income payable over a period of five (5) years certain; or as may be determined by employee (e.g. 10 years or for life).

Hybrid Benefit: - a combination of 50% of the principal sum payable as gratuity/end-of-service benefit and the remaining part payable as annuity benefit over a period of five (5) years certain; or as may be determined by employee.
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GLICO GROUP COMPREHENSIVE PLAN
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The GLICO Group Comprehensive Plan is an all-encompassing group insurance plan designed to adequately and equitably cover employees like your goodself. The Plan as a package has four major group insurance plans. These are:
> Group Life (Term)
> Group Personal Accident including medical expenses as a result of accident
> Dread Disease or Terminal Illness
> Workmen's Compensation
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GLICO BANCASSURANCE
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A collaboration between GLICO and banking institutions where insurance products are underwritten and sold through the banks' established distribution channels. This is currently one of the most significant changes in the Ghanaian financial services sector. This innovation has proven be very profitable on the part of the financial institution and has also provided a convenient and inexpensive service to the mutual clients of GLICO and the financial institutions involved.

Presently, the life products sold under the GLICO Bancassurance are;
> Bancassurance Child Education Plan
> Bancassurance Life Retirement Plan
> Bancassurance Funeral Plan
> Bancassurance Loan Protection Cover

The Non-Life products include the following;
> Auto Insurance
> Home Insurance
> Imex (Importers & Exporters)
> Personal Accident Policy
> Employer's Liability
> Bancassurance Fire And Allied Perils Policy
> Bancassurance Shopowners Policy
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GLICO-CAREMED TRAVEL INSURANCE
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As a traveler, one is bound to face risks such as accidental death, personal injury and hospitalization from the point of departure through one's stay abroad. Such unplanned occurrences could bring financial burden to a person and/or his /her dependants. The GLICO-CareMed Travel Insurance therefore provides adequate cover to compensate the insured financially if any of the assured events occur.

Moreover, since 2001, the Schengen countries have made it mandatory for all visa applicants to possess adequate and valid travel insurance before the requisite visa is issued.

The policy is underwritten by GLICO in collaboration with CareMed GmbH and ACE European Group Ltd., experienced international travel insurance companies based in Germany with service provider networks across the world.
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