Income Protection Insurance
Protect your salary against the risks that will take it away from the payroll.
Ability to earn income is the most important asset during our lifetime. Protection of your income if you become temporarily or permanently disabled is a necessity. The "call to eternal rest" of a breadwinner before retirement has direct negative impact on the welfare of the family.
Important Questions to Consider
Do you earn income? Is your income secured?
Be it salary or income from business, the wellbeing of your family depends on this. The protection of your income is the essence of this plan.
Will your employer continue to pay your salary?
Will your employer continue to pay your monthly salary up to the retirement age of 60 in the event of death or permanent total disability before retirement?
Self-employed considerations
Your inability to earn income resulting from disability or untimely "call to eternal rest" has direct impact on the welfare of yourself and family.
Impact on your spouse
Have you considered the impact of the loss of income of your spouse in the event of their death or disability?
About SanlamAllianz Income Protection Plan
SanlamAllianz Protection Plan is designed to protect the income of breadwinners against the risks of death or disability through illness or accident to ensure sustainable income that lives to support the breadwinner and the family.
The cover amount is based on your annual income. The plan enables you to care for yourself and family irrespective of death or disability.
The plan is designed with two packages:
Key Benefits
Our comprehensive income protection plan offers multiple benefits to secure your financial future
Comprehensive Protection Benefits
Death Cover Benefit
The cover amount selected will be paid as lump sum in the event of death of the policyholder or spouse or both.
Permanent Disability Cover
The cover amount selected will be paid as lump sum in the event of permanent disability from accident or illness.
Temporary Disability Cover
In the event of temporary disability, 10% of the cover amount is paid as lump sum.
Cash Back Benefit
The policy provides cash back benefit equal to 10% of the cover premium paid every 3 years.
Retrenchment Waiver
Cover premium waived for 3 months if retrenched. Available only under prestige package.
Money Back Benefit
Total cover premium paid returned at policy end date. Available only under prestige package.
Savings Benefit
The plan has the saving option subject to minimum monthly contribution of GHS 20 into a savings account attached to the policy.
Withdrawal Benefits:
- • Annual withdrawals after third year
- • Up to 100% withdrawal every 3 years
- • Fund value paid at policy end date
Investment Returns:
Savings premium invested to generate returns for the policyholder with flexible withdrawal options.
Key Features
Automatic Annual Cover Increase
We care about the value of your cover due to the impact of inflation. The policy provides an automatic inflation protector of the cover amount selected from the effects of living expenses resulting from inflation.
| Premium Increase | Cover Amount Increase |
|---|---|
| 10% | Standard (7.5%) |
| 15% | 11.25% |
| 20% | 15.0% |
| 25% | 18.75% |
| 30% | 22.5% |
Claims Made Easy
We are committed to delivering our promise to serve you with CARE. UBN has built a reputation for reliability and continues to serve clients across Ghana with excellence.
How to Claim:
- • Complete a claim form digitally
- • Visit our UBN office
- • Download form from our website
- • Email completed form to info@ubngh.com
Waiting Periods:
- • Death & Disability Cover: 6 months
- • Retrenchment Benefit: 12 months
- • Refer to policy T's & C's for required documents
Ready to Protect Your Income?
Let us know if you have a question, want to leave a comment, or would like further information about UBN
Call Us
+233 (0) 508718097
Call/Text
+233 (0) 508718097
Email Us
info@ubngh.com
Visit Us
10 Dei Close, Off Okine Ave., East Legon