The policy term is 1 year but annually renewable.
The premium payable depends on the level of benefit chosen.
The minimum and maximum ages at entry are 18 years and 70 years respectively. The maximum age covered at the next renewal is 75.
|Permanent Total Disability (Accelerated)
|Critical Illness (Accelerated)
|Last Expense (Accelerated)
equal installments over 8 weeks via our USSD code *807#
The Benefits in this Policy shall be paid as per the sum assured chosen on accidental and illness related perils.
Group Life Benefit
- In the event of the death of the assured Member on accidental and illness causes.
Accelerated Permanent Total Disability
- In the event that the Member becomes permanently and totally disabled by accident or illness, a lump-sum benefit will be paid. The benefit is equal to the death benefit chosen.
Accelerated Critical Illness Benefit
- In the event of the Member being diagnosed for the first time of a critical illness as defined in the policy document, 50% of the main benefit will become payable.
Accelerated Last Expense Benefit
- This is a fixed amount payable within forty eight (48) hours upon notification of the death of the Member to cater for the costs of burial.
The waiting period for illness deaths is 3 months from the commencement date of the cover. There will be no waiting period at renewal.
Requirements to join the scheme
1- Broker Executed Group Proposal Form
2- Individual Application Forms Duly Filled In
3- Cheque payment to APA Life Assurance Limited