{"id":679858,"date":"2019-08-13T12:30:45","date_gmt":"2019-08-13T12:30:45","guid":{"rendered":" <br><div>\n\t\t<p><strong>Metropolitan Life Insurance Ghana Limited<\/strong><\/p>\n<p>Metropolitan Life Insurance Ghana Limited has launched a funeral expense policy that seeks to enable Ghanaians provide insurance cover for all family relations.<\/p>\n<p>The \u201c"},"modified":"2019-08-13T12:30:45","modified_gmt":"2019-08-13T12:30:45","slug":"metropolitan-life-introduces-revised-funeral-policy","status":"publish","type":"post","link":"https:\/\/www.ghanamma.com\/2019\/08\/13\/metropolitan-life-introduces-revised-funeral-policy\/","title":{"rendered":"Metropolitan Life Introduces Revised Funeral Policy"},"content":{"rendered":"<p><\/p>\n<div>\n<p><strong>Metropolitan Life Insurance Ghana Limited<\/strong><\/p>\n<p>Metropolitan Life Insurance Ghana Limited has launched a funeral expense policy that seeks to enable Ghanaians provide insurance cover for all family relations.<\/p>\n<p>The \u201cFamily Eternity Plus\u201d, which provides standard as well as optional benefits, allows policy holders to cover up to 18 family members.<\/p>\n<p>Holders are basically entitled to 25 per cent of benefits selected for one week celebration, guaranteed minimum of GH\u00a25000 and maximum of GH\u00a260000 as funeral benefit and a 30 per cent refund on third year premiums when claims are not made in three years, among others.<\/p>\n<p>Speaking at the product launch, the Deputy Commissioner of Insurance, Michael Kofi Andoh, hinted at plans to introduce a compulsory group life insurance policy for all employees who employ a certain number of employees so as to protect workers and grow the insurance industry.<\/p>\n<p>\u201cWhen there is a group plan for everybody and one becomes incapacitated while working, there is some kind of support for everybody,\u201d he said.<\/p>\n<p>He also reiterated his outfit\u2019s commitment to collaborate with National Pensions Regulatory Authority (NPRA) and Finance Ministry to build annuities market for pensioners where lump sum payments or a series of payments are made in return for regular disbursements after retirement.<\/p>\n<p>\u201cWe know we have a new pension system and I think beginning next year some people will begin retiring under the new system; we know they will be getting a lump sum from tier 2 and tier 3 schemes,\u201d he said.<\/p>\n<p>The Managing Director of Cal Bank Limited, Mr. Frank Adu Jnr, said the increasing cost of burying loved ones which often reflects the value placed on the departed has made insurance policies the most sustainable way of financing funerals.<\/p>\n<p><strong>By Issah Mohammed<\/strong><\/p>\n<\/p><\/div>\n","protected":false},"excerpt":{"rendered":"<p>Metropolitan Life Insurance Ghana Limited Metropolitan Life Insurance Ghana Limited has launched a funeral expense policy that seeks to enable Ghanaians provide insurance cover for all family relations. The \u201cFamily Eternity Plus\u201d, which provides standard as well as optional benefits, allows policy holders to cover up to 18 family members. Holders are basically entitled to [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":679859,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[6],"tags":[],"class_list":["post-679858","post","type-post","status-publish","format-standard","has-post-thumbnail","category-business"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v28.8 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Metropolitan Life Introduces Revised Funeral Policy - Ghanamma.com<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.ghanamma.com\/2019\/08\/13\/metropolitan-life-introduces-revised-funeral-policy\/\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:title\" content=\"Metropolitan Life Introduces Revised Funeral Policy - Ghanamma.com\" \/>\n<meta name=\"twitter:description\" content=\"Metropolitan Life Insurance Ghana Limited Metropolitan Life Insurance Ghana Limited has launched a funeral expense policy that seeks to enable Ghanaians provide insurance cover for all family relations. 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