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% |
Click here to fill proposal form