A-Plus Life Assurance Company Limited

A-Plus Life Assurance Company Limited

About A-Plus Life Assurance Company Limited

Overview

Exceed Life Assurance Company Limited is wholly-owned Ghanaian Life Insurance Company. The company was incorporated as a private company, and licensed in May 2014, and started operation in 2015.

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The strategic intent for Exceed Life is to be the foremost life insurance company by 2028 and consolidate that position for the foreseeable future.

The company presently is headquartered in Accra. Exceed Life has three (3) branches, and three (3) agency offices. In line with the Company’s strategy, new agency offices are being opened to grow premium income, and ensure excellent customer service. Permanent staff strength is 31 in January 2019 and this is increasing as a result of the company’s growth. Learn More

A-Plus Life Assurance Company Limited Products

Homegoing

Exceed life Homegoing (Funeral Plan) is designed to enable families to meet funeral related expenditure of their close relatives.

Entry Age

The minimum entry age is 18years, maximum is 55years for main life and 70years for others’ lives.

Effective Date

Benefit Distribution Structure

100% for the policy holder and Spouse. 50% for other dependents.

Premium Waiver

Premium payment ends when the policyholder turns sixty (60) years provided the policy was purchase before or on the policyholder’s fiftieth (50th) birthday. The Company therefore assume payment of premiums on behalf of the client after 60 years provided the policy was purchase before or on the policyholder’s fiftieth (50th) birth day.

Policyholders who purchase the policy after their fiftieth (50) birthday would pay premiums for ten (10) years.

Premiums are payable monthly, quarterly, semi-annual or annually in advance.

Cash Back

Twenty five percent (25%) of the  total premiums paid for a period of five years less policy fess and other administrative fees would be payable to the policyholder as cash-back if there is no claim for this period. Learn More

Cash Plan

The Exceed Life Cash Plan is a saving plan specifically designed to provide an avenue through which policyholders would create wealth by way of investments for future security, and also to provide protection for family income in case of untimely death.

Eligibility (Entry Age)

The minimum and maximum age at entry is 18 and 57 years respectively.

Effective Date

Cover under this policy starts when the first premium is received by the company.

Insuring Clause

The company should be notified with proof in writing when the policyholder dies.

Benefits

  • The policy covers the policyholder that is named as life assured on the schedule of the policy
  • The policy provides optional permanent and total disability rider benefits
  • Surrender value is payable and paid up value is available under the policy

Survival Benefit

The policy provides a guaranteed payment in the survival of the policyholder as follows

  • 25% of the sum assured will be paid at the end of one-third of the policy term
  • 25% of the sum assured will be paid at the end of the two-third of the policy
  • 50% of the sum assured will be paid at the end of the policy term.

Death Benefit

The amount of the benefit will be Sum Assured of the policy or the corresponding Sum Assured at the time of death if the benefits increase option was exercised

Rider Benefit

The full Sum Assured is payable on the provision of medical evidence of disability which is permanent.

Premium

The total premium payable is based on the level of cover selected. The plan is flexible in terms of premium payments. Premium may be paid on monthly, quarterly or annual basis.

Option For Automatic Premium/Benefit Increase

The policyholder has the option to increase the contractual premium on an annual basis in order for the benefits to be inflation-linked.

Free Look/Right Of Cancellation

Right to examine and Return Policy within 15 days. If you returned it within the 15 days period, the policy will be void from the beginning. We will refund any contributions paid less policy fee.

Default And Lapse

When the policyholder fails to pay any premium on or before its due date, it shall constitute default under the policy and the assurance shall cease. The policy would lapse when premiums are not received for three months and there is no sufficient funds in the savings component.Learn More

Micro Insurance

The Daakye Pa Plan – Micro Insurance Product, it is a risk product with savings component. When the insured event occurs. Exceed Life Assurance Co. Ltd. will pay the policyholder’s nominated beneficiary the initially elected Sum Assured or the total contribution plus the interest whichever one that is greater. At maturity, the total contribution plus the interest will be paid.

Eligibility

Minimum Age of Entry: 18            Maximum Age of entry: 65

Main Benefits

Maturity Benefit: Total contribution plus the interest accrued

Partial Withdrawal: The policy holder can withdraw up to 60% of total contribution after three (3) months of contribution without any charge.

Death Benefit: Natural or accidental death benefit and it is equal to the Sum Assured elected at the inception.

Death Benefit: The death benefit payable depends on the premium option selected.

Option 1 Option 2 Option 3
Daily Premium: GH¢2 Daily Premium: GH¢5 Daily Premium: GH¢10
Death Benefit: GH¢500.00 Death Benefit: GH¢1,250.00 Death Benefit: GH¢2,500.00

Policy Period

Minimum period is one (1) year and maximum is two (2) years

Effective Date

The first day of the month following the receipt of the completed proposal form, first premium and approval by Exceed Life Assurance Co. Ltd.

Waiting Period

There would be a waiting period of three (3) months at inception of the policy. In the event of accidental death of the policy holder during the waiting period the whole sum assured would be paid. However, No claim will be paid in the event of natural death of the policy holder except refund of premium.Learn More

A-Plus Life Assurance Company Limited Vacancies / Jobs 

A-Plus Life Assurance Company Limited Job Vacancies 2020 – 2021
A job vacancy is a post, either newly created, unoccupied or about to become vacant, which the employer: actively seeks to fill with a suitable candidate from outside the enterprise (including any further necessary steps); immediately or in the near future. Search for available A-Plus Life Assurance Company Limited job vacancies 2020 – 2021 here.

A-Plus Life Assurance Company Limited Internships 2020 – 2021

What is Internship and how does it work?
An internship is an official program offered by an employer to potential employees. Internships are most popular with undergraduates or graduate students who work between one to four months and have a goal to gain practical work or research related experience. Internship opportunities are available all year round in Ghana. A-Plus Life Assurance Company Limited available internships for 2020 – 2021 will be published on their website or other print and electronic media. Search for A-Plus Life Assurance Company Limited internships 2020 – 2021 here.

A-Plus Life Assurance Company Limited Learnerships 2020 – 2021

What is Learnership and how does it work?
A learnership is a work based learning programme that leads to an NQF registered qualification. Learnerships are directly related to an occupation or field of work, for example, electrical engineering, hairdressing or project management.
What are the benefits for learners?
You may have better employment opportunities after completing a learnership;
You have a fixed-term employment contract for the duration of the learnership;
Learnerships improve on the job performance so you are able to do things relevant to the job;
You obtain a nationally-recognised qualification that is relevant to the sector; and
You earn a learner allowance for the duration of the learnership.
A-Plus Life Assurance Company Limited Learnerships for 2020 – 2021 if available will be published on their vacancy / career page.

Search for available A-Plus Life Assurance Company Limited 2020 – 2021 here.

A-Plus Life Assurance Company Limited Bursaries / Scholarships 2020 – 2021

What is a bursary and how does it work?
A bursary is a monetary award made by an institution to individuals or groups of people who cannot afford to pay full fees. Also Bursaries may be awarded in addition to scholarships where financial need is demonstrated and the prospective student would otherwise be unable to enter the school. Bursaries in Ghana are awarded throughout the year to support student for the next academic year. A-Plus Life Assurance Company Limited bursary for 2019 – 2020 if available will be published on the vacancy / career page. Search for available A-Plus Life Assurance Company Limited bursaries 2019 – 2020 here.

A-Plus Life Assurance Company Limited Contact Details