Royal Income Protection Plan
The Royal Income Protection Plan is a term assurance policy that provides financial protection for your family in case of death, critical illness, or total permanent disability. It also offers optional coverage for maternity complications, female-related illnesses, and hospitalization.
The Royal Income Protection Plan was conceived to:
1. Provide for the loss in family earnings on the death of the policyholder.
2. Provide for lifestyle protection in the event of the policyholder contracting a critical illness or becoming disabled during the cover term.
Who is Eligible for the Royal Income Protection Plan?
Main Life Minimum Entry: Age 18 Years
Main Life Maximum Entry: Age 54 Years
What is the policy term for the Royal Income Protection Plan?
Minimum Term: 10 Years
Maximum Term: 40 Years
What are the Benefits of the Royal Income Protection Plan?
Minimum Sum Assured: GHs10,000
Maximum Sum Assured: GHs100,000
Royal Income Protection Plan - FAQs
1. What is the Royal Income Protection Plan?
The Royal Income Protection Plan is a term assurance policy that provides financial protection for your family in case of death, critical illness, or total permanent disability. It also offers optional coverage for maternity complications, female-related illnesses, and hospitalization
2. Who is eligible for the Royal Income Protection Plan?
3. Benefits of Royal Income Protection Plan?
Enjoy valuable financial protection for you and your loved ones, designed to provide support when life takes an unexpected turn.
- Death Benefit – Financial support for your family in the event of death.
- Critical Illness Cover – A lump-sum benefit for covered critical illnesses.
- Permanent Disability Cover – Protection against total and permanent disability.
- Hospitalization Benefit – Daily financial support during hospitalization.
- Maternity & Female Illness Cover – Added protection for eligible maternity complications and female-related illnesses.
- Cash Back Benefit – A percentage of your premiums returned every five years, subject to policy terms.