GLICO LIFE INDIVIDUAL PRODUCTS


THE GLICO END-OF-SERVICE BENEFIT (ESB) PLAN
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The GLICO ESB is a Universal Endowment plan which combines investment with insurance protection thereby providing the insured a peaceful and comfortable life. The insured events under which an insured or his/her dependants may claim are as follows; Accidental Injury or temporal disability Hospitalization as a result of sickness or an accident Death – Natural or Accidental Retirement – Voluntary or Compulsory In addition to the benefits above, a greater portion of the insured's monthly contributions are invested to generate attractive returns for an accumulated lump sum upon maturity of the policy or at retirement, whichever comes first.
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THE GLICO EDUCATION ENDOWMENT PLAN (GEEP)
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GEEP is a unique education plan which has been created to guarantee your child's future education. The Plan is aimed at accumulating a lump sum to secure your child's education at the secondary and tertiary levels. The unique feature of this product is an inbuilt insurance component called Child Education Protection Assurance (CEPA), which ensures that if the premium paying parent becomes totally and permanently disabled or even dies before the maturity of the policy, GLICO Life shall continue to pay the premium as though the parent was alive or had the strength to work until policy maturity or the commencement of the child's secondary/tertiary education.
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THE GLICO LOAN PROTECTION PLAN (LPP) AND MORTGAGE LIFE PROTECTION (MLP) POLICY
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The GLICO LPP/MLPP is a term life insurance policy that protects both the Financial Institution and its customers against the customers' inability to make repayments as a result of Death, Permanent Disability, Temporary Disability and Dread disease. We believe that in the event of any of these occurrences, family members may be unable to pay the monthly commitments on the loans or credit facilities. Moreover, family members may undergo further stress as assets may have to be sold to cover such commitments. In that stead, Glico Life has designed the Loan Protection / Mortgage Protection Plan to ensure that funds are available to the financial Institution if any of the insured events occur, while providing peace of mind to mortgagors and financial institutions.
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THE GLICO MICROINSURANCE POLICY (ANIDASO)
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GLICO Life in collaboration with Care International developed a micro insurance product called the GLICO ANIDASO policy in 2003 to meet the insurance needs of the low income earners. GLICO Anidaso Insurance Policy is a pure term insurance plan strategically combined with Edwa Nkosuo as a joint policy to provide an avenue for both savings and insurance cover at a very affordable premium. The policy is renewed annually and contributions are made daily which enables policyholders to create a short term accumulation of savings with interest. The product originally targetted the low income group in rural areas but has now been expanded to include the informal sectors - the NGO's, market centers and other organizations as well. It can be taken out as a stand alone policy or together with the savings benefit. It can also be extended to cover the principal life insured's immediate dependants i.e. spouse and children below 18 years or above if in full time education. Additional extensions include: Hospitalization Income Benefit; and Accident Disability Benefit.
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FUTURE LEADERS INVESTMENT CLUB (FLIC)
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FLIC, a brain child of the Foundation for Future Leaders International (FFLI), is designed specially to inculcate savings habit in young people and give its members the opportunity to accumulate cash for starting up their own business after school. The FLIC Plan also provides protection benefits for the members against uncertainties such as death and accidental injury. Thus a two-in-one plan just for you.
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GLICO FUNERAL INSURANCE PLAN
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No one wants to leave their loved ones with funeral arrangements and over-bearing costs at an emotional and upsetting time. Meanwhile, just a few of us would like to think about and plan our own funerals. The steady rising cost of funeral ceremonies, however, has made it imperative that we start making provision toward funeral arrangements in advance. This would provide our loved ones with some peace of mind and financial comfort during a difficult time. Against this backdrop, GLICO Life has designed an excellent funeral insurance plan which provides funds to settle funeral related and final medical expenses of the insured and/or his or her beneficiaries.

The key benefits under this plan include;
  • Death benefit
  • Death of an insured family member, if family insurance rider* is purchased
  • Waiver of premium on Total Permanent Disability of the Principal Insured
  • Savings on every policy anniversary starting from the third anniversary (Optional)
  • Term Conversion that allows the cover on the nominated child to be converted (Optional)
The benefit payment arrangements available are;
  • Cash payment to the principal insured on the death of a family member
  • Organization of burial and funeral activities by a funeral home as an optional claim settlement to the tune of the agreed Sum Assured. This option is available for selection at the time of buying the policy.
Other facts you should know;
  • Level Premiums will be payable until the death of the Primary Insured OR until he/she attains age 65 whichever occurs earlier
  • If the principal insured dies before attaining the age of 65, the policy will not terminate, but rather, it will continue to cover the other nominated insureds on the policy.
  • The waiting period after which the insured can claim on this policy is six months.
  • The premium payments are monthly and can be made either through your pay source or a bank standing order.

To apply for this protection, please click here to fill our proposal form and follow the instructions. This will help you join the hundreds of people to whom we have provided absolute peace of mind. You can also call us on +233 302 246 140.
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