Enterprise Life Assurance, one of Ghana’s foremost private insurance companies has unveiled a collaboration with UK-based money transfer system PayAngel to facilitate easy payment of premiums by clients abroad.
AkwantuPa Policy is a life policy that allows Ghanaians living abroad to cover their family members who live in Ghana. The policy can be kept in force minimum term of 15 years, at which time the policyholder can opt for a 100% Risk Premium Refund or Premium Waiver on any surviving life.
The AkwantuPa Policy offers policyholders a
• Stress-free way to finance the burial rites of their family members in Ghana.
• It eliminates the stress that comes with raising funds to cover the burial expenses of family members when they pass away.
• With the AkwantuPa Policy, you can finance the funerals of your loved ones without using your savings, taking out loans, taking on extra shifts/jobs or asking for pre-burial donations from others.
According to representatives from both organisations, this is to maintain integrity in their respective industries and eliminate the often inconvenient third party in the business of paying insurance premiums. It is also a way to ensure that clients partake in the economy of their home country in spite of being away for whatever reasons.
In this partnership, PayAngel has created a channel to Enterprise Life for direct payments of insurance premiums from anywhere in the world.
By paying a monthly, quarterly, bi-annual or annual premium determined from the age(s) of the covered family member(s), the policyholder will receive the chosen benefit amount upon the demise of the covered family member.
This arrangement will not only allow clients abroad to keep an eye on the direction of their plans with the insurance company, but also help them take care of their families and loved ones still in the country by signing up and maintaining insurance plans like health insurance, education insurance among others to cater for them when they need it.
More information is available on www.myenterprisegroup.io