Ahotoso Pa Plan
The Ahotoso Pa Plan is a short-term financial planning solution designed to help individuals and families save towards a specific goal while enjoying valuable insurance protection.
With contributions from as little as GHS 5 a day or GHS 150 a month, you can build your savings over a 24-month period, while benefiting from death and hospitalization cover.
Key Features:
- Policy Term: 2 years, renewable
- Minimum Contribution: GHS 5 daily or GHS 150 monthly
- Maximum Sum Assured: GHS 10,500
- Savings: Contributions accumulate and are paid at maturity
- Withdrawal: Up to 50% of the savings fund after the policy has been active for one year
- Hospitalization Benefit: GHS 30 per day for the main life, subject to the policy terms
Ahotoso Pa Plan - FAQs
1. What is the Ahotoso Pa Plan?
The Ahotoso Pa Plan is an exciting financial planning tool for people in the underserved market who have plans of setting aside a targeted amount as savings over a renewable short-term period of two years or twenty-four months. With a minimum of GHS150.00 a month or GHs5 a day, a policy holder can begin accumulating funds for a targeted short-term project whilst enjoying hospitalization support and funeral covers.
2. Who is eligible for the Ahotoso Pa Plan?
The Ahotoso Pa Plan is available to individuals aged 18 to 65 years. The policyholder can also extend cover to eligible family members:
- Main Life: 18–65 years
- Spouse: 18–65 years
- Parents/Parents-in-law: 35–75 years
- Children: 0–23 years
A single policy can cover the main life, one spouse, up to two parents/parents-in-law, and up to two children.
3. What benefits do I get?
Savings: Build funds towards a short-term financial goal through daily, weekly or monthly contributions.
Death Benefit: Provides financial protection for the policyholder and eligible family members in the event of death from natural or accidental causes.
Hospitalization Benefit: The main life receives GHS 30 per day when hospitalized for more than three days in a certified hospital, subject to policy terms.
Waiting Periods
- Main Life Death Cover: 3 months
- Dependent Death Cover: 6 months
- Hospitalization: 1 day