One famous leader once said that it was amazing that people could remember to insure their cars, houses and other household items and yet forget the most important of all, their families. The future of your family is dear to you as indeed the education of your child.
Many people say insurance costs money, The Insurance Companies we represent say, “Lack of it will even cost you more, it will cost your children their future.”
1. Individual Life Products
Our Individual Life Products will guarantee your child quality education as well as ensuring that your family’s standard of living is maintained.
Whole Life
One of the most important responsibilities as a father or mother is to provide for your family, whether you are living or not. Our Whole Life Plan will provide you with optimum cover for your family throughout life. The policy shall pay your dependents a lump sum in the event of your untimely death.
Special Whole Life
In addition to providing a lump sum payment on untimely death, the Special Whole Life product offers payments after every 5 years.
Endowment Assurance Plan
This product is unique in that it is a combination of life assurance and a saving scheme. The benefits are payable either on death or at the expiry of a certain period e.g. 10 years.At the end of each year, The Insurance Companies we represent award their policyholders bonuses on their existing policies.
Education Plan
This product helps you to secure the future education of your child. Through our affordable monthly contributions, the parent can save for his/her child’s education e.g. university. On expiry of the policy term, a lump sum is paid out and utilized towards college fees.The added benefit of a lump sum payment on the parent/guardian’s death guarantees the child’s future education, thus making the product a must to have.
Goal Achiever Plan
Whatever your goals; purchase of a new car, marriage or a dream holiday, the Goal Achiever Plan will help you realize your dreams. The plan allows you to invest monthly, half yearly or yearly an amount of your choice for a minimum period of 5 years. On expiry of the term, your contributions plus interest earned over the period is paid out.
2. Group Business
Group Credit Life
This product provides both death and total permanent disability cover to a borrower. The policy is taken out by either a Bank or Microfinance Institution as collateral security, whereby the Insurance companies we represent pay off the outstanding loan balance in the event of the borrower’s death or total permanent disability. Cover may be extended to cover defaults subject to agreed limits and premium rates.
Group Life
This is an employee benefit scheme wholly funded by the employer. The plan provides payment in the event of death of an employee from both accidental and natural causes whilst in service. The benefit is expressed as a multiple of the annual salary, for example 3 times the employee’s annual salary.
The following benefits can be added to the Group Life policy:-
Group Disability – compensates the staff member in the event of total and permanent disability.
Critical Illness – pays out benefit to the staff member in the event of contracting any of these critical illnesses for the first time; heart attack, cancer, stroke, kidney transplant (recipient).
Funeral Expenses – provides funeral expenses on untimely death of the employee.
Group Life Extension to Group Personal Accident
This is a Group Life plan offered to existing members of a Group Personal Accident scheme to extend cover to include death from natural causes since Group Personal Accident only covers either death or injury resulting from accidents. Just like Group Life, the plan is wholly funded by the employer.
Group Pension
This product provides both death and total permanent disability cover to a borrower. The policy is taken out by either a Bank or Microfinance Institution as collateral security, whereby The Insurance Companies we represent pay off the outstanding loan balance in the event of the borrower’s death or total permanent disability. Cover may be extended to cover defaults subject to agreed limits and premium rates.
WITH GOLDSTAR HEALTHCARE LTD.
DOMESTIC PACKAGE
This is a suitable policy for persons who would like to insure their personal assets, liabilities and valuables all under ‘one roof’.
The policy has a total of six sections denoting the various common perils.
PERSONAL ACCIDENT INSURANCE
Occasionally staff requires benefits and coverage that goes beyond the statutory requirement. This policy comes in handy and will provide twenty-four hour cover. The policy is also not restricted to occupational circumstances but while the insured person is at work leisure or engaged in armature sports activities. The policy is suitable for staff that occasionally travels and extends worldwide.
An excellent insurance policy that can enhance an employers staple of benefits in conjunction with the human resources policy.
The other advantage of the policy is that the benefit is not fixed and are variable depending on the level of seniority.
Liability Limit of Compensation
1. Death Multiple of Annual Salary
2. Permanent Total Disability Multiple of Annual Salary
3. Temporary Total Disability
Based on actual weekly salary
Up to a maximum of 104 weeks
4. Medical Expenses Limit of Choice
Travel Insurance policy covers certain unexpected costs that may arise when travelling, such as emergency hospital/medical costs, trip cancellation, lost baggage and accidental death insurance. Many countries require travellers to purchase travel insurance, before issuing visas.
The rates for individual cover are determined by the length of stay, the destination country and the age of individual at departure. Travel insurance cover offers comprehensive cover and the benefits of this type of cover are available to individuals, families, groups, frequent travellers and students travelling abroad for studies.
PERSONAL PROVIDENT PLAN
The Personal Provident Plan (Compliant with NSSF Act 2013) is a specially designed savings plan for you to make provisions for your retirement.
PERSONAL INVESTMENT PLAN
Whether your objective is a secure retirement, you are saving for a loved one’s college education or you are concerned about leaving a lasting legacy, carry out your personal investment plan to help you achieve your goals.