miTribute – for Funeral Expenses of a death of a family member or otherwise
miTribute is a funeral plan that helps you secure funds to enable you and your family organize a befitting funeral for a departed family member. The plan pays out a lump sum to help cater for the funeral expenses when a covered family member dies.
Who is this Policy for?
- Anyone who is concerned about the increasing cost involved in laying loved ones to rest.
- Anyone who would want to organize a befitting funeral for their loved ones.
- Anyone whose family will look up to them to bear most of the funeral expenses of a deceased family member.
Eligibility
You will have to be between the ages of 18 years and 54 years to purchase this policy. The maximum entry age for any family member you decide to cover is 74 years.
Resident in Ghana at the time of purchase
Resident in Ghana at the time of purchase
Cover and Benefits
At the time of purchase of this policy, you select the loved ones to cover and your desired level of cover, which determines your monthly premium.
The miTribute policy allows you to cover yourself and any of the following family members - spouse, parents, parents-in-law and two named close relatives.
The policy also provides free cover for up to four of your children less than 21 years of age.
The minimum death cover per life that can be purchased for yourself or your family member is GH¢ 2,000 and the maximum is GH¢ 30,000. However, the maximum cover for your child and the two named close relatives is up to half your selected cover.
If you happen to die through an accident, your beneficiaries will receive double the death benefit.
Premium Payment
Premium payment starts at the purchase of the policy and ends when you turn 60 years, if you purchased the policy before or on your 50th birthday; or Ten years after you purchased the policy, if you purchased the policy after your 50th birthday.
Premium Payment
Premium payment starts at the purchase of the policy and ends when you turn 60 years, if you purchased the policy before or on your 50th birthday; or Ten years after you purchased the policy, if you purchased the policy after your 50th birthday.
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."
Share On Social Media
Other Posts
Five (5) Reasons Why You Need a Homeowners Insurance Policy
Bringing insurance education to classrooms in Ghana
Finance Minister charges new NIC board to expand insurance coverage
Imperial General Assurance donates cash to support Radiology Department of Korle Bu
KEK insurance brokers likely to retain highest market share over a long period of time: Star CEO
Professional indemnity policy and premium computation
KEK Insurance Brokers celebrates 35 years of excellence in broking business
Reduce prices of goods as cedi strengthens – Finance Minister appeals to traders
Enterprise Life launches “Pharma Care Group Life ‘’ for Pharmacy staff
Investing in insurance is a proactive step that can safeguard your financial future and well-being.
InsureTech
Technology
