Ease your burden
Take care of tomorrow's uncertainties today
Take care of tomorrow's uncertainties today
What is 'Enhanced' AkwantuPa
It is an improved version of the AkwantuPa Policy. It is a whole life policy that has a minimum term of 15 years and comes with a 100% Risk Premium Refund or Premium Waiver benefits, thus offering more value to the policyholder. The initial benefit limit of GHS 50,000 has also been increased to GHS 70,000.
How it Works
By paying a monthly, quarterly, bi-annual, or annual premium, a policyholder (Ghanaian living abroad) can receive up to GHS 70,000 (which can increase by 11.25% every year) upon the passing of a covered family member. This benefit helps the policyholder to pay for funeral expenses, easing the financial burden typically associated with funeral events.
The benefit amount can be converted into funeral services with Enterprise Transitions at a discount when making a claim, providing the policyholder with added convenience.
Unique Value Propositions
1. Minimum payment term of 15 years
2. 100% Risk Premium Refund of premiums paid for surviving lives at the end of the term
3. Premium Waiver Benefit which preserves the benefit amount for future claims when premium payments stop at the end of the term
4. Access to discounted services from Enterprise Transitions for funeral planning and arrangements
https://myenterprisegroup.io/gh-transitions/
5. Death Waiver Benefit which allows the policy to remain active and continue to provide coverage should the policyholder pass away before covered lives.
6. Policy Assignment which allows the policy to be used as collateral for a loan
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AkwantuPa is a unique life insurance product from Enterprise Life, specially crafted for Ghanaians living abroad. It provides an affordable and reliable way for policyholders to cover their family members living in Ghana. The policy provides a lump sum cash benefit upon the passing of a covered family member, which enables the Ghanaian living abroad to pay for funeral expenses of their loved ones, ensuring that the financial burden often associated with funerals in Ghana is alleviated.
In addition, AkwantuPa offers an optional Repatriation cover for policyholders and their family members residing abroad. This benefit covers the cost of transporting the mortal remains of policyholders or their loved ones back to Ghana for burial, ensuring a dignified return home.
For added convenience, the lump sum benefit can also be converted to funeral services with Enterprise Transitions, a reputable funeral service company in Ghana, making it easier for policyholders to give their loved ones a fitting farewell.
Our Ghanaian family values are deeply rooted in the principles of caring and respect for humanity. This is evident in our culture, which emphasizes the importance of providing a decent and dignified burial for our loved ones.
Ghanaians living abroad carry the responsibility of supporting their family members in Ghana, especially in times of need. One of the most challenging moments they face is when a family member back home passes away, and the burden of financing the funeral falls on them, often unexpectedly.
Why endure the stress and hassle of fulfilling funeral obligations when Enterprise Life can ease that burden for you? Why deplete your savings on funeral expenses when Enterprise Life is here to support you?
The AkwantuPa Policy is tailored to provide financial support to enable the Ghanaian living abroad to support their family back home at a difficult time, allowing them to honor their loved ones with a proper farewell without the added stress of financial strain.
Enterprise Life was incorporated in the year 2000 and in 2001 was handed the operational license by the National Insurance Commission. Enterprise Life is a subsidiary of the Enterprise Group, a company that has been in operations for 92 years, and is listed on the Ghana Stock Exchange.
Leadership in the Market
Enterprise Life is currently the number one premium income earner in Ghana, thus making it the largest and most profitable life insurance company in Ghana. This is borne out of a consistent and deliberate effort to be at the forefront of innovation and technological advancements, the highlights of which include pioneering of Funeral Insurance in Ghana, and customer centered tech solutions such as Claim Express, customer interactive USSD platforms aimed at bringing service to the doorstep of our clients as well as the introduction of an ultra-modern and state of the art Funeral Services company; TRANSITIONS
HEAD OFFICE
Enterprise life
10th Floor, Advantage Place
23 Mayor Road
Ridge West, Accra-Ghana
POSTAL ADDRESS
Enterprise life
11 J. E. A High Street
PMB GPO
Accra-Ghana
Enterprise Life has received a number of awards. These include
1. Life Insurer Company of the year - Chartered Institute of Marketing, Ghana, (CIMG) for 2018
2. Most Prudent Underwriter of the year - Ghana Reinsurance Awards for 2018
3. Life Insurer of the year - Ghana National Chamber of Commerce and Industry for 2018
4. 32nd position - Ghana Club 100 Awards by Ghana Investment Promotion Centre (GIPC) for 2018
5. Insurance Company of the Year 2016 - 4th Business Executive Excellence Awards 2017.
6. Leader in the Financial Services Sector - Ghana Club 100 for 2010, 2011, 2012 and 2014(Ghana Investment Promotion Council - GIPC)
7. 3rd. Most Prestigious company and highest ranked insurance company in Ghana- Ghana Club 100 for 2010, 2011 and 2012 - (Ghana Investment Promotion Council - GIPC)
8. Cendant of the Year-2012, 2013 (Ghana Reinsurance)
9. Insurance company (LIFE) of the year 2009, 2011 and 2013 - CIMG
10.Gold Award - 4th Ghana Business and Financial Services Excellence Awards, organized under the auspices of the Ministry of Trade & Industry-2011
11.Silver Award- 3rd Ghana Business and Financial Services Excellence Awards, organized under the auspices of the Ministry of Trade & Industry-2010
For purposes of convenience and a wonderful premium payment experience, we bring you three(3) options with which you can make premium payments. You would be required to select one(1) of these during the sign-up process.
We provide you with a safe and secured online payment method. Pay your premiums online by using either your Visa, MasterCard, American Express and DISCOVER debit/credit card.
Our partnership with Unity Link Money Transfer Services and PayAngel Online Money Transfer Services allows you to continue using your trusted money transfer providers for premium payments. You can easily make payments by transferring your premiums to us through these reliable services Premiums can also be paid via Mobile Money through these trusted payment partners
Leveraging on our strong experience as the largest premium collector in Ghana, we afford you the opportunity to use any BANK in Ghana as a medium of premium payment. Upon completion of your sign-up process, we would initiate premium collections by debiting your account on the agreed dates.
In case of wrong payments (unintentional multiple payment where excesses are not due your policy, over-payments and payments made after cancellation of your policy), please follow the procedure below to request for and receive the full refund.
- Send an email request to us via akwantupa.life@myenterprisegroup.io
- Attach evidence of wrong payment (evidence of multiple payment, over-payment or payment after cancellation of policy)
- Include bank details into which refund should be paid (not applicable where you opt to receive the refund unto your card or same bank through which payment was made)
Upon receipt of your request, we will assess the validity of the request and communicate the approval of the request which will then be processed, and a credit automatically applied to your card or original payment method within 5 business days.
There are no tax implications on premiums and benefits for this policy per the tax requirements of the merchant country (Ghana)
The AkwantuPa Policy is an innovative product from Enterprise Life which eases the burden and stress involved with funeral planning and financing when living abroad, with a few easy steps and a click of a button. With a wide range of product offerings, the policy caters for the need of every Ghanaian funeral setting from the modest to the lavish, by way of instant cash pay outs or offering a full range of funeral services. Sign onto the AkwantuPa policy and exchange the burden of funeral financing for an advantage of convenience and serenity.
The Policy will pay a lump sum if any member you have insured passes during the period of cover.
After signing up to this policy, your policy documents (Welcome Letter or Acceptance Letter, Insurance Certificate, Policy Terms and Conditions document) will be automatically emailed to you. Please read these documents to familiarize yourself with the terms and revert to us within 30 days from the acceptance date, should you decide to cancel. You will also receive an automatic notification of successful payment, confirming that we are in receipt of your first premium. This would further be confirmed by email from us within 14 business days. .
Yes, the policy can be taken up to cover family member(s) only. However, the covered family member(s) must be resident(s) in Ghana.
You decide how much benefit you would like this policy to pay out. There are five different cover levels available to choose from: GHS10,000, GHS20,000, GHS30,000, GHS40,000 and GHS50,000.
Yes, the policy will pay out the amount chosen anytime a member passes away, so long as the policy is active and all conditions are met.
The company will not recognize any claim occasioned or accelerated by any of the following causes:
1. Suicide, attempted suicide or any self-inflicted injury within 2 years, whether the Policyholder is sane or insane at the time.
2. Any act committed by the Policyholder which constitutes a violation of criminal law.
3. Excessive use of alcohol, willful inhalation of gas, willful exposure to radioactivity or the willful taking of poison or drugs (except as prescribed by a medical practitioner) resulting in the death of the Policyholder.
4. Any act of war, military action, terrorist activities (whether war be declared or not), riots, strikes, civil commotion or insurrection, in all cases whether as an active participant or not
5. Active participation in mountaineering, horse riding, motor cycle racing, hunting, fighting (except in self-defense) any speed contest other than a speed contest on foot.
6. Participation in any form of aviation other than as a fare-paying passenger on a scheduled air service over an established passenger route.
7. Military service or training in the armed forces of any country and for this purpose military service includes army, naval and air force service.
Uncles and aunties can be covered or insured as Guardians or Foster-Parents if they have played or play that role in the policyholder's life.
You can cover a maximum of four (4) members on the policy. Therefore, if you cover yourself for repatriation, you can only add three (3) more members.
MEMBER | MINIMUM AGE | MAXIMUM AGE |
PARENTS/IN-LAWS/FOSTER-PARENTS/GUARDIAN/GRAND-PARENTS | 31 | 100 |
CHILDREN | 0 | 25 |
SIBLINGS | 0 | 100 |
SPOUSE | 18 | 74 |
MAIN(REPATRIATION) | 18 | 74 |
FAMILY MEMBER(REPATRIATION) | 0 | 100 |
The Repatriation Package is an additional cover available under AkwantuPa. It provides coverage that allows a policyholder's mortal remains to be transported back to their home country (Ghana) and other formalities associated with it. The Repatriation package covers the cost of air fare (flight ticket) and documentation required to transport the main life's body from the resident country to the home country, Ghana.
The repatriation benefit can be selected to cover;
1. The Policyholder
2. Any Family Member who lives abroad
However the lump sum benefit on any other family member who lives in Ghana can be converted to the Repatriation benefit where the family member passes away abroad.
The benefit for the Repatriation Package depends on the cover level chosen under AkwantuPa. There are specific services under each benefit level that make up the full Repatriation benefit.
Yes. A Ghanaian who is resident abroad can purchase just the Repatriation Package under AkwantuPa.
No. The Repatriation Package is an optional benefit that can be chosen. It is only available on the Silver, Gold, Platinum, Diamond and Emerald benefit levels on AkwantuPa.
Yes. You can request for your AkwantuPa policy to be amended to add the Repatriation package. This would however come at a charge that would increase your existing premium.
Yes. There is a 15% automatic premium update facility on AkwantuPa which applies to the Repatriation Package. This will increase all the benefits available including the Repatriation benefit once a year. The automatic premium update is an inflation protector that ensures the benefit payable would be enough to cover the costs of providing the benefits under the Repatriation packages when the prices escalates.
Repatriation Services | GHS30,000 | GHS40,000 | GHS50,000 |
Air Fare (Flight Ticket) | 15,000 | 15,000 | 15,000 |
Documentation | 5,000 | 5,000 | 5,000 |
Clearing from Airport in Ghana | 2,500 | 2,500 | 2,500 |
Storage(30 days Minimum) | 1,050 | 1,050 | 1,050 |
Dressing and Beautification | 1,000 | 1,000 | 1,000 |
Chapel for Burial Services | - | 5,000 | 5,000 |
Reception | - | 5,000 | 5,000 |
Chapel for Thanksgiving Service (Sunday) | - | - | 6,000 |
Hearse | 4,500 | 4,500 | 4,500 |
Burial Permit | 500 | 500 | 500 |
Graveside Decor | - | - | 2,000 |
Photography (Pictures Only) | - | - | 2,000 |
Cash | 450 | 450 | 450 |
Total | 30,000 | 40,000 | 50,000 |
Enterprise Life has launched an ultra-modern and state-of-the-art funeral services company, known as TRANSITIONS. The company is dedicated to providing convenience and minimizing the stress that often accompanies arranging a dignified and decent funeral and burial for loved ones. A comprehensive range of funeral services, including caskets, mortuary services, removal vehicles, hearse services, wreaths, casket trolley services at church, embalming, washing, dressing and beautification, are available.
With these offerings, TRANSITIONS aims to support families during their time of need, ensuring a smooth and respectful farewell for their loved ones.
Use your cash pay-out from the AkwantuPa product to purchase services and enjoy a special policyholder discount. Contact us today and let us assist you in planning the final rites of a loved one with dignity and affordability.
The Repatriation Package is an optional add-on benefit available under AkwantuPa. It is designed to provide cover for the policyholder and family members abroad. The package, when chosen, allows the policy to pay for the costs incurred in transporting the mortal remains of the policyholder and family members from their resident country back to Ghana for burial upon their demise. This benefit is only available under the Silver, Gold and Platinum, Diamond and Emerald benefit packages on AkwantuPa. There are specified services available under each of the three benefit packages. Under the Repatriation Package, the cost of transporting the deceased (flight ticket) is covered. Other services such as clearing the body from the airport in Ghana, storage at the Transitions morgue, thereafter, etc. are also available. Please see our FAQs for more information.
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