Child Lifeline Plus

The dream of providing quality education for our children and wards will not be attained until we make a lifetime commitment to invest and make adequate provision towards financing the cost of educating them from the cradle to the highest level of quality education.

 

The StarLife Child Lifeline Plus will help you fulfil your dream of giving your child(ren) quality education to the highest level possible. It will assist you plan financially whilst ensuring that your child still receives quality education even in the event of your permanent disability or pre-mature demise.

 

WHAT IS CHILD LIFELINE PLUS?

 

The Child Lifeline Plus is an endowment plan designed to meet your ward(s) or child(ren)’s education financing needs now and in the future.

 

ELIGIBILITY

 

Should be 18 years or above but not over 52 years

A minimum of GH¢50.00 a month to start with

POLICY TERM

 

The policy has a minimum term of 8 years and a maximum of 25 years.

 

MAIN POLICY BENEFITS

 

Maturity Benefit

The Sum Assured indicated on the policy is payable at the maturity of the policy. The maturity date is the expiry of the term of the policy

 

Death benefit

Your beneficiaries will benefit from the sum assured stated on the policy in the event of your demise

 

Policy Loans

Policyholders may access policy loans after 24 months’ contribution of premiums

 

  OPTIONAL BENEFIT

 

Critical Illness/Dread Disease

Total and Permanent Disability

Retrenchment with a 12-month waiver of premiums

Personal Accident for your child

Benefit Increase Option– To hedge your benefit against inflation

The policyholder can choose from any of the following options:

 

Options Annual Premium Increase Annual Benefit Increase

Option 1 10% 6%

Option 2 15% 9%

Option 3 20% 12%