BOA Assured Child

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.