What it means for you
Plan today, so their dreams never stop with the CalBank Education Plan.
This plan is a life insurance solution offered by Prudential Life Insurance Ghana through CalBank. It is designed to guarantee your child’s future educational needs no matter what happens to you.
What it means for you
Plan today, so their dreams never stop with the CalBank Education Plan.
This plan is a life insurance solution offered by Prudential Life Insurance Ghana through CalBank. It is designed to guarantee your child’s future educational needs no matter what happens to you.
CalBank Ultimate Education Plus
- Policy term: 10 to 25 years (up to age 70)
- Covers death and total permanent disability (policyholder only)
- 6-month waiting period before full benefits apply
- Premiums: Minimum GHS 100.00 maximum GHS 10,000.00
- Pay monthly, quarterly, semi-annually, or annually
- Lapses after 3 months of non-payment
- Maturity Benefit: Accumulated investment value paid at term.
- Waiver of Premium: Future premiums covered in case of death (before 65) or TPD (before 60)
- Graduation Benefit: Get 4% of total premiums paid at maturity
- Annual Partial Withdrawals: Access up to 50% of accumulated fund yearly (after third policy year)
- Paid-up Benefit: Available if fund ≥ GHS 1,500 (optional)
- Surrender Benefit: Withdraw accumulated fund (minus penalty) (optional)
- Sum Assured: Amount the policy holder or beneficiaries receive in the event of death or total permanent disability.
- Benefit Escalator: Choose from 0–30% annual increase (optional)
- Main Life entry Age is 18 – 59 years
- Entry Age to enjoy Waiver of Premium Benefit is 18 – 54 years
For Sign up
- A funded CalBank account
- A completed policy application form
- Your consent to go on cover now
For Claim
- A completed claim form.
- Policy number (This will be issued to you upon first premium payment)
- National ID of claimant and of deceased
