Enterprise Life launches Enhanced Educare policy to address educational needs

4 April, 2025

By Deborah Asantewaah SARFO
Enterprise Life, a subsidiary of Enterprise Group PLC, has relaunched its educational product – Enhanced Educare Solution – aimed at bridging the financial gap of families intending to pursue education for their children or themselves, ensuring an uninterrupted education plan for all beneficiaries.

The product, which has been around for about 16 years, has been modified in response to input from clients and stakeholders. It has been carefully designed to serve the educational needs of all.

While the enhanced solution extends the eligibility age from 18 to 20, it also comes with other exciting benefits such as death and total permanent disability; entrenchment benefits to cushion clients, with a percentage of their sum assured when they lose their jobs; and a cash account to save other needs.

Speaking on behalf of the Group Chief Executive Officer, the Chief Financial Officer at Enterprise Life, Mike Tyson, noted that the product combines life cover with an investment component aimed at financially securing children’s educational journey.

He also expressed confidence that the product will not only meet the needs of families but inspire children to dream bigger and achieve higher heights.

He stressed the company’s belief in the power of education and its commitment to providing the relevant insurance policy to support children’s education.

“Education is a powerful tool for transforming society. However, funding can be a major challenge and a source of significant pain to families. To address the funding challenges, life solutions are welcome relief to many families,” he said.

For her part, the Managing Director of Enterprise Life, Jacqueline Benyi, reiterated that the insurance product reflects constant stories and feedback from its clients. She also expressed the company’s commitment to always standing with customers.

“Today, as we launch the Enhanced Educare Products, we affirm our commitment to standing by you at every stage of your life journey. Together, we invest in education. Together, we secure and secure,” she emphasised.

She described the solution as one that is much more about education and life’s unpredictability, maintaining that Enterprise is an “advantage that helps you navigate life’s situations or uncertainties; and this is precisely why we developed the enhanced education solution”.

A member of the Underwriting and Reassurance Department at Enterprise Life, Owusuwaa Eshun, indicated that the base of the policy has been made better but customers will only pay for the optional benefits such as the retrenchments and the death and TDP waiver.

Source: thebftonline.com

Tags: ELAC Life insurance in Ghana Educare

Disclaimer: "The views expressed on this site are those of the contributors or columnists, and do not necessarily reflect insureghana's position. insureghana.com will not be responsible or liable for any inaccurate or incorrect statements in the contributions or columns here."