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BOA Assured Child

The Assured Child Education Plan is designed to provide secure financial preparations to finance various stages of educating a child whether parents are dead, permanently disabled or alive.

Features and Benefits

  • Defined maturity benefit (sum assured) is linked to cost of education
    • Option 1:                          GHS6,000
    • Option 2:                          GHS12,000
    • Option 3:                          GHS16,000
  • A higher amount could be arranged.
  • Maturity benefit paid at the target maturity date.
  • Child maintenance benefit (25% of sum assured annually)
  • Option for Educational Loan from BOA using policy as collateral
  • Waiver of premium benefit in the event of death or permanent total disability of account holder.
  • Surrender benefit (i.e. benefit paid when policy is stopped)
  • Automatic benefit update option annually to sustain value of benefits.

Documents check list:

For fresh application, the following documents will be required:

  • Filled proposal form
  • Filled mandate form for premium deductions

For claims processing, the following documents will be required:

  • Maturity Claim
  • Complete maturity claim application form or in writing apply for your maturity benefit with the following required documents:
  • Original policy document, policy schedule and any endorsement
  • Original or certified true copy of photo identity of policyholder
  • Any other documents deemed necessary by the insurer.

Surrender Claim

Complete surrender application form or in writing apply to surrender your policy with the following required documents:

  • Original policy document, policy schedule and any endorsement
  • Original or certified true copy of photo identity of policyholder
  • Any other documents deemed necessary by the insurer.    

Child Maintenance Income Claim

Beneficiary or trustee shall complete claim application form if the beneficiary is a minor with the following required documents:

  • Original or certified copy of medical certificate of cause of death of assured.
  • Medical report from a specialist medical practitioner in case of permanent total disability and its cause.
  • Police report if death or permanent total disability of assured was caused by accident.
  • Original or certified copy of a photo identity of the claimant.
  • Proof of age of policyholder if age was not admitted.
  • Proof of death or disability of the assured.
  • Any other documents deemed necessary by the insurer.