CBG, in partnership with StarLife Assurance Company Limited, offers life insurance solutions designed to protect you and your loved ones while providing greater financial security and peace of mind.

Visit any CBG branch nationwide to access StarLife Bancassurance Life insurance solutions and find the right cover for you and your loved ones.

Target Group:

CBG Customers

Policy Coverage Options

Supreme HomeCall Plus:

The Supreme HomeCall Plus provides financial support towards funeral expenses, helping customers prepare for the financial impact associated with the loss of loved ones of the account holder.

Benefits:

1. The policy has a 15-year policy term for clients below age 50years (Age Next Birth (ANB)) and between 10 to 14 years for clients 51 to 55 years (ANB) respectively.
2. This product covers death, hospicash, and personal accident for a main assured (policyholder) and death only for a spouse, four (4) children, parents, parents-in-law and a selected extended family member. The hospicash and personal accident are optional riders.
3. Only one spouse per policyholder is permitted to be covered.
4. Policyholders will pay premiums from inception of the policy until the end of the selected term and thereafter, free cover is activated until death of all assureds or until the main assured would have turned 100 years.
5. The minimum and maximum entry age for children are 1 and 23 years (age next birthday) respectively. Child cover expires after age 24 years and no benefits will be paid on children above 24 years.
6. The minimum and maximum entry age for parents, parents-in-law and extended family members are 18 and 80 years (age next birthday) respectively.
7. There is a waiting period of one hundred and eighty (180) days for all members covered under this policy.
8. There is no lapse in this policy if premium is not paid on or before its due date.
9. A cash bonus of 25% of the third-year annual premium will be payable to the policyholder if no claim is made over a 3-year period. This payment will only be made if all premiums were received during that 3-year period. A cash bonus will be payable, every 3 years, until the end of selected policy term.
10. The policy has variant death benefit levels ranging from GHC5,000.00 to GHC100,000.00 for all assureds (except children) with an incremental of GHC5,000.00.
11. The child death benefits range between GHC1,500.00 to GHC6,000, increasing in 1,500 intervals.
12. The benefit level for other assured must not exceed the benefit chosen for the policyholder.
13. After the death of the principal assured, the policy will continue to be in force for the other assureds until the selected period, as there is an attached compulsory waiver of premium option at policy outset. Benefit increments cease at the year in which the main principal assured passes.
14. There is also an optional personal accident rider benefit for only principal assureds which ends when he/she attains the age of 60 years. This option has four (4) benefit levels i.e. GHC5,000, GHC10,000, GHC15,000, and GHC20,000.

Child Education Plan:

The Bancassurance Child Education Plan is designed to help parents and guardians prepare financially for their children's education while providing insurance protection against unforeseen circumstances.

Benefits:

1. Cash benefits to help meet school fees under all circumstances of the accountholder
2. Waiver of premium in the event of:
3. Total and Permanent Disability of accountholder
4. Dread Disease of accountholder
5. Retrenchment of accountholder
6. Child Personal Accident
7. Funds protected against inflation.
8. Flexible policy terms ranging from 8 to 25 years.
9. Prompt payment of claims or benefits within 48 hours.
10. Eligibility: The account holder must be between 18 and 57 years old.
11. Opportunity to sign onto 3 of same child education policy for children

WealthMaster:

The WealthMaster combines life insurance protection with an investment component, helping customers plan for their financial future while enjoying life insurance cover.

Benefits:

1. Attractive investment returns combined with life insurance cover.
2. Certainty and peace of mind, with investment returns known from the beginning of the policy term.
3. Future value protected against inflation.
4. No further contributions required in the event of Total & Permanent Disability.
5. Prompt payment of claims.

Ultimate Protection Plan (UPP):

The Ultimate Protection Plan provides family income replacement in the unlikely event of life contingencies, helping individuals and families maintain financial security at all times. .

Benefits:

1. Provides peace of mind and financial protection.
2. Attractive benefits.
3. Non-medical limit of up to GHC300,000.00.
4. Return of all premiums if no claim is made during the selected policy term.
5. Financial security for dependents.
6. Return of premium where death occurs naturally within the waiting period.
7. Policy is assignable.
8. In the event of unexpected life contingencies such as death, Total and Permanent Disability and Critical Illness.
9. Prompt payment of claims within 48 hours.

Underwritten By

StarLife Assurance Company Limited