Sound Eduflex

Get SOUND EDUFLEX INSURANCE PLAN for your child's Future

This is a savings plan which provides additional financial security by helping parents meet the educational goals of their children while they are living or thereafter.

A customer chooses a guaranteed death benefit that will be paid to their beneficiaries. This plan is supposed to accumulate funds for the sole purpose of funding the education of your child(ren).

Product Characteristics

• Minimum age at entry is 18 and maximum is 55years, But the entry age for child is 1 to 25years.
• Maximum number of beneficiaries per policy is 4. Policy term is 5 to 20 years
• The minimum sum assured is Ghs3,000 and maximum Ghs500,000
• Premium can be paid monthly, quarterly, and annually. Amounts start from Ghs50 to Ghs5,000.

Benefits:

Upon maturity the full sum assured will be paid but the customer can make a partial withdrawal of not more than 50% of the accumulated funds after two years of starting the policy

Death Benefit

Upon the death of a Policy Holder sum assured plus 100% of the accumulated fund value is paid to the beneficiaries.

Upon death of a child 50% of the sum assured will be paid

Accidental Death benefit

In the event of an accidental death (vehicular accident) of the policy holder twice the sum assured will be paid to the beneficiaries

Temporary Disability Benefit

Allianz will pay your insurance premiums to run the policy for 6 months

Permanent Disability

Upon becoming permanently disabled, Allianz Life will pay 100% of the death sum assured plus the accumulated fund value.

Medical Expense

In the event of an accidental injury to a child an amount of up to Ghs1000 will be paid to the policy holder.

No claims Cash Back

You qualify for 15% of your total insurance premium contribution after 2 years if no claim is made.