Insure
CBG EDUCARE PLAN
The policy aims to set funds aside to cater for educational expenses of the policyholder or their dependents. It provides both an investment component and an insurance benefit.
Policy Features (Investment)
Investment Premium: GHS100 – GHS1,000
Investment Term: 7 – 18 years Ages:
Maturity: At the end of the term
Surrender: Penalties apply when
cancelling before the end of the term
No waiting period for accidental deaths
Insurance Benefits
a) Life Cover Cash benefit:
Policy pays cash benefit (like a funeral cover benefit) if the main life or child dies having served the 6 months waiting period and within the policy term. How much Life Cover to be given depends on how much the customer pays as investment premium between GHS100 – GHS1000 as seen below:
Life Covered 100 101 - 250 251 - 500 501 - 750 751 - 1000
Main Life 1,200 3,000 6,000 9,000 12,000
Children 600 1,500 3,000 4,500 6,000
b) No Premiums benefit (Death & TPD Waiver of Premium):
Ensures that investments are still contributed in the event the parent (main life) suffers a permanent disability that renders him/her unable to work or suffers a pre-mature death before the end of the term.
Others Benefits
Add-on Benefits: Optional Benefits
Full Encashment: Policy regard to mature in 10 years; however, if a client opts for <10 years; 7, 8 or 9 can still encash fully. Likewise, those who opted for > 10 years; 11, 12… can still encash in the 10th year Cash Bonus: Provides an extra savings component between GHS10 – GHS50. Can withdraw partially after 1 year and full withdrawals after 3 years
Partial Withdrawal: Allowed to make partial withdrawal in the investment once a year after a minimum of 12 months contribution.
Paid up: Policy can be moved to “investment only” rather
than surrendering if client wishes not to invest any
longer. Client loses both the life cover and the waiver of
premium and no premiums will be deducted till maturity.
Unemployment Bridging: Policy remains active for a period of 12 months to allow policyholder to find a new income source. Not cover for natural death but for a 30%
Accidental death during this period.
Hospitalization: Provides cover for only the main life. Options vary from GHS30, GHS50, GHS70, GHS100 & GHS150.
Paid when main life is hospitalized for 3 days or more
Claim is option selected multiplied by no. of days spent up to 30 days for a calendar year and ceases at age 65.
Underwritten by Enterprise Life
Policy Features (Insurance component)
Cover: Main life & up to 6 children
Main life (18-59), Children (0-21)
Waiting Period: 6 months and 12 months for
subsequent lives. 50% premiums payable for
natural death in the period for the deceased
The CBG Motor Insurance policy covers a range of risks associated with owning and operating a vehicle, including bodily injury, property damage, theft etc. Our Motor Insurance offers two main types of coverage, the Third -party liability plan and the Comprehensive Insurance Plan.
The Third-party liability plan provides coverage for damages to third-party persons or property in the event of an accident. This policy is mandatory for all vehicle owners in Ghana and is enforced by the Motor Traffic and Transport Department (MTTD) and Insurance Act 1958.
The CBG Motor Comprehensive Insurance Plan offers extensive coverage, including protection for your own vehicle and third-party liabilities. Coverage for third-party liabilities include:
Protection against loss from:
Target Group
Benefits
Requirements
Customers will be required to provide the listed information below for quotes and underwriting of a policy once the quotation has been accepted
Requirements for Quotations
of policy
Cover Type
Vehicle Use
Vehicle Value
Seating Capacity
Cubic Capacity (CC)
Year of Manufacture
Car Registration Number
Vehicle Make & Brand
Chassis No
Body Type
Color of Vehicle
With CBG Motor Insurance, you can drive with confidence, knowing that you and your vehicle are well-protected. Visit any of our branches and sign up to our policy now.
Underwritten by Allianz Insurance
Requirements for Quotations
of policy
Name of Owner
Postal Address
Phone number
ID Type
ID Number
Date of Birth
Insurance Start date
This Insurance cover offers protection for your home and its contents against unexpected incidents that happen in the home. Our policy provides peace of mind and financial security for your building and belongings in the following scenarios:
Target Group
CBG Customers
The General Public
Benefits
CBG's Home Insurance provides:
Requirement
Customers will be required to provide the listed information below for quotes and underwriting of a policy once the quotation has been accepted.
For quotes
For policy
Visit any CBG Branch to sign up for the policy now
Underwritten by Allianz Insurance
CBG LIFE INSURANCE POLICIES
CBG MOTOR INSURANCE
CBG HOME INSURANCE
Contact Us
PMB CT 363, Cantonments,
0302216000
talktous@cbg.com.gh
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