
BOA Assured Child
The Assured Child Education Plan is designed to provide secure financial preparations to finance various stages of educating a child whether parents are dead, permanently disabled or alive.
Features and Benefits
- Defined maturity benefit (sum assured) is linked to cost of education
- Option 1: GHS6,000
- Option 2: GHS12,000
- Option 3: GHS16,000
- A higher amount could be arranged.
- Maturity benefit paid at the target maturity date.
- Child maintenance benefit (25% of sum assured annually)
- Option for Educational Loan from BOA using policy as collateral
- Waiver of premium benefit in the event of death or permanent total disability of account holder.
- Surrender benefit (i.e. benefit paid when policy is stopped)
- Automatic benefit update option annually to sustain value of benefits.
Documents check list:
For fresh application, the following documents will be required:
- Filled proposal form
- Filled mandate form for premium deductions
For claims processing, the following documents will be required:
- Maturity Claim
- Complete maturity claim application form or in writing apply for your maturity benefit with the following required documents:
- Original policy document, policy schedule and any endorsement
- Original or certified true copy of photo identity of policyholder
- Any other documents deemed necessary by the insurer.
Surrender Claim
Complete surrender application form or in writing apply to surrender your policy with the following required documents:
- Original policy document, policy schedule and any endorsement
- Original or certified true copy of photo identity of policyholder
- Any other documents deemed necessary by the insurer.
Child Maintenance Income Claim
Beneficiary or trustee shall complete claim application form if the beneficiary is a minor with the following required documents:
- Original or certified copy of medical certificate of cause of death of assured.
- Medical report from a specialist medical practitioner in case of permanent total disability and its cause.
- Police report if death or permanent total disability of assured was caused by accident.
- Original or certified copy of a photo identity of the claimant.
- Proof of age of policyholder if age was not admitted.
- Proof of death or disability of the assured.
- Any other documents deemed necessary by the insurer.