miCash is an endowment plan that helps you save towards a target amount. The target amount can be used as capital to start your business, funds for your child(ren)’s education etc. Your target amount will be paid out to you at maturity or to you or your beneficiaries in the unfortunate event of your death, total permanent disability or diagnoses of a covered critical illness.

You will also be paid GH¢ 250 each time you are hospitalised for 3 nights whiles on the policy. This benefit is up to a maximum of 2 times in a year.

Who is this Policy for?

• Anyone want to save money towards a business, education or any dream
• Anyone who wants to protect the dreams and wellbeing of their spouses and children, even in their absence
• Anyone who want the future to be better

Eligibility

You will have to be between the ages of 18 years and 55 years to be eligible to purchase this policy.

Cover and Benefits

• A standard miCash plan payout at maturity, death and total permanent disability, while a comprehensive miCash plan pays out at maturity, death, total permanent disability, and named critical illnesses.

• At any time that you are hospitalized for 3 nights or more while on the plan, you will be reimbursed GHS 250 for each hospitalization. The payout will be up to a maximum of 2 times in a year.

• In the unfortunate event of your death, your death benefit will be paid to your beneficiary, while total permanent disability and critical illness benefits will be paid to you in any of those cases.

Surrender

The plan will end and surrender benefit will be paid if Customer misses 3 consecutive months’ contributions or 10 months’ accumulated contributions during the lifetime of the policy,

Emergency Support                                                                                                                                                                            

You may access this benefit if you are faced with an unexpected financial challenge before the maturity of the policy.

The emergency support will be a refund of some contributions paid and shall not exceed the maximum number of months displayed in the table below or the surrender value of the policy

You are eligible for this benefit after the first anniversary year. If emergency support is processed, the policy investment target will be adjusted.

Premium Payment

Premium payment starts at the purchase of the policy and ends:

• When the policy matures
• The customer makes a claim on the policy (excluding hospitalisation claim)
• The policy is terminated

Other Features

• To protect your benefits against inflation, the policy includes a 10% automatic premium adjustment and a 7.5% benefit adjustment, to be applied annually.