Our company made this giant move into the low-income market by designing this unique policy called ANIDASO? that meets the insurance needs of the low-income people. This is in line with our mission to provide innovative, flexible and affordable products as well as fulfilling our socio-economic responsibilities towards poverty alleviation.

THE ANIDASO INSURANCE POLICY

Discover the new way of securing a brighter future for yourself and your family. Talk to the Personal Insurance Advisor at the rural bank near you and ……....
“get ANIDASO?-your hope for a better tomorrow”

What is ANIDASO?

ANIDASO? is a Term Life Insurance Policy that provides you and your family funeral benefits as well as an opportunity to accumulate investment income towards your retirement or old age.

What are the Benefits of ANIDASO?

The policy basically provides a funeral benefit of ¢5million for the policyholder. Additionally, prospective policyholders have the choice of expanding the scope of the benefits secured by adding one or more of the following range of riders:

• Funeral benefit for policyholder’s spouse (¢2.5million)
• Funeral benefit for policyholder’s children who are 4 yrs or below 18 yrs (¢1.25million each)
• Investment for policyholder and family (¢10,000 minimum)

Who can join?

Your acceptance is guaranteed if you are a savings account holder at a rural bank and you are in the age range of 18 to 55 years and in good health.

Can I join if I already have an insurance policy?

Yes. You are free to hold as many policies as you wish. All you need is enough money in your account to pay your monthly premium.

What makes this plan special & unique?

No medical examination is required, you simply complete an application form at the bank and upon the acceptance of your first premium you become a policyholder.

Can I insure more than two children?

Yes, you may insure as many of your children as you wish. They must be at least four (4) years old. Children (from previous marriages) can be insured as long as they are living permanently under the same roof as you.

Can parents, brothers and sisters of the policyholder be insured?

The insurance covers the policyholder, the spouse and children; it does not cover other relatives. They too will need to take out a policy, even if they do not have a family themselves yet. Additional family members can be added on later. Parents can buy the Anidaso policy too but they must be less than 55 years of age.

If I have children who are above 18 years, un-employed and still under my care and control. Can I add them to the policy as riders?

For the purposes of this insurance policy, people over the age of 18 years of age are treated as adults regardless of their employment status and living arrangements. You should purchase a separate policy for them.

How much do I contribute?

It depends on your choice of benefit combination, but contribution for funeral benefit shall be between ¢7,800.00 and ¢13,000 per month.

How does the investment work under ANIDASO?

Invest ¢10,000 every month into your Investment Fund and watch how your investments grow year after year. Remember you can increase your investment contribution to whatever amount you so wish and can afford.

An illustration of cash income from ¢10,000 monthly contributions
Year	Premium	Investment Accumulation
1	120,000	132,304
6	720,000	1,489,584
10	1,200,000	4,399,494
15	1,800,000	14,512,015
20	2,400,000	45,372,977
This is an illustration and not an offer of insurance from GLICO without accompanying application and policy contract. The amount payable on maturity of policy shall be according to the investment performance over the assurance period.

What is the rate of return on my investment?

The rate is dependent upon the interest rate that the Central Bank and other investment houses offers to us when we deposit your investment money with them.

Can I use the policy to secure a loan?

Yes, after two years continuous savings you can borrow from the lump sum you have accumulated in the investment portion of your policy.

What would happen if I were transferred through work?

If there is a RB/MFI selling Anidaso near your new home, you can continue paying your premiums at the new bank. Alternatively, you will need to maintain adequate funds in your old account.

When does the policy end?

The protection cover ends
• If you fail to pay the monthly premiums, the policy lapses and the insurance protection ceases
• At age 60 the policy naturally terminates
• Upon the death of the policyholder before age 60

The Investment portion, if any, shall be paid in a lump sum at age 60 or shall be converted to pension to support you in your old age.

If I decide to stop with the contributions to the policy, what happens to my previous contributions?

Your contributions to the protection part of the policy, is the cost of your insurance risk protection so these are non-refundable. If you had an investment this will be refunded. Early surrenders without genuine reasons are not allowed.

How Do I make a CLAIM and how long would it take for the benefit to be paid?

All CLAIMS shall be directed to the Personal Insurance Advisor at your bank for processing. Claims would be paid within two (2) weeks of receipt of required documents at your bank.

What is the guarantee that I can get my claims within two weeks as promised without the usual go and come attitude of Insurance Companies.

As the leading life insurer in Ghana, GLICO has established a reputation for integrity and efficiency. GLICO recognises that in the past some people have had difficulties in receiving claims and in response we have designed Anidaso. With Anidaso, the application process takes a few minutes, there is no need for a medical check up and premiums are deducted by your RB/MFI from your savings account.

The fuss has also been taken out of making a claim too, as your Personal Insurance Advisor at the Rural Bank/MFI takes care of the claim for you and all you need to do is to provide your policy certificate and a death certificate. Trips to our Area Offices or Head Office in Accra will not be necessary and neither will you need to engage the services of a lawyer. GLICO guarantees to pay all claims within two weeks.

Who do I talk to at my Bank?

The Personal Insurance Advisor at your Bank has all the answers you need. Complete your application form and become a policyholder. Make the wise move now and you will never regret it.