FAMILY WELFARE ASSURANCE PLAN-VANGUARD LIFE

 

The reality is that someday we may not be alive and those left behind will have to find other means of survival. It's comforting to know that there is a way to plan for the future. Vanguard Life Assurance Company Limited offers you a life plan that will put you and your loved ones at ease. It will make sure that your loved ones will have funds to live on after you are no more.

Vanguard Life Family Welfare Assurance Plan offers your family financial protection in the event that you are no longer able to provide for them due to death, permanent disability or critical illness in which case a lump sum shall be paid to your family members as income. With this plan, you'll be paid out in a lump sum within 72 hours for valid claims on receipt of all required claims documents. Most importantly, it's affordable life insurance policy.

The Family Welfare Assurance Plan provides life insurance cover on the life of the policyholder and pays the sum assured as income replacement benefit in the eventuality of death, permanent disability and/or critical illness of the policyholder.

The policy provides you the following as the main benefits as long as the policy is active.

Death Benefit

The policy provides life assurance cover for death caused either accidently or through natural causes. This means that, if this policy is active, in the eventuality of death of the policyholder, the full benefit payable shall be paid.

Permanent Total Disability Benefit

The policy provides accidental disability insurance cover for the policyholder. This means that, if this policy is active and the policyholder through accident becomes permanently incapacitated, the full benefit payable shall be paid.

Cash Back Benefit

A lump sum of 10% of total premiums paid less the policy fees would be refunded to you at the end of every five (5) consecutive years if the policy is active and no claim has been made.

Life CoveredCover Limit (GH¢)Minimum Age at EntryMaximum Age at EntryMaximum Number
Principal Life Assured12,00018591
Spouse12,00018591
Children6,0006 months206
Parents12,00035752
Parents-in-Law6,00035752
Extended Family12,0001754

DO YOU NEED TO CLAIM?

Follow the easy steps below to get your claim fast and efficiently.

Notify us

Please notify us of your intent to claim within 24-hours of the event. If this isn’t possible, please call us as soon as possible on the below numbers.

Contact our Customer Service Department:

Monday to Friday

Walk in centre hours: 08:00 to 16:30
Call centre hours: 8:00 to 17:00 - Monday to Thursday

Fridays - : 8:00 to 16:30
Telephone numbers: 0302 235437 - 5, 028 9533900
Email: info@vanguarglife.com

2. Required documents

You’ll need to send us relevant Final Dignity Assurance Plan documentation. Download the necessary forms by clicking on the links in the lists below.

Natural Death

In the event of a natural death, Vanguard Life requires the following documents to process the final dignity assurance policy payout:

  1. Completed Claim form by the claimant
  2. Original policy documents
  3. Original or Certified true copy of medical certificate of the cause of death
  4. Certified copy of death certificate
  5. Certified copy of identity document of both the insured and beneficiary or trustee
  6. Certified documentary proof of marriage (if applicable)
  7. Prove of age of deceased life if age is not admitted.
  8. Any other documents deem necessary by the insurer.

Unnatural Death

In the event of an unnatural death, Vanguard Life requires the following documents to process the funeral policy payout:
  1. Completed Claim form by the claimant
  2. Original policy documents
  3. Original or Certified true copy of medical certificate of the cause of death
  4. Certified copy of death certificate
  5. Certified copy of identity document of both the insured and beneficiary or trustee
  6. Certified documentary proof of marriage (if applicable)
  7. Prove of age of deceased life if age is not admitted.
  8. Any other documents deem necessary by the insurer.

Permanent Disability

In the event of permanent total disability, Vanguard Life requires the following documents to process the family welfare assurance policy payout:
  1. Completed Claim form by the claimant
  2. Original policy documents
  3. Original or Certified true copy of medical certificate of the cause of death
  4. Certified copy of death certificate
  5. Certified copy of identity document of both the insured and beneficiary or trustee
  6. Certified documentary proof of marriage (if applicable)
  7. Prove of age of deceased life if age is not admitted.
  8. Any other documents deem necessary by the insurer.

Cash Back/Loyalty Benefit

  1. A completed application or written request for cash back or total return of premium benefit by policyholder.
  2. Payment will be made to the bank account of the policyholder used to pay premiums or the policyholder will provide a bank account to enable the payment if the mode of premium payment is employer deduction.

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