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Overview

Elite Vermögen Bancassurance – Secure Your Future with Confidence

At Elite Vermögen Bank, we believe in providing holistic financial solutions that go beyond banking. Our Bancassurance services seamlessly integrate banking and insurance to offer you comprehensive protection for your wealth, family, and business.

Through our trusted insurance partners, we provide tailored coverage solutions, ensuring financial security and peace of mind. Whether you need life insurance, health coverage, asset protection, or business risk solutions, we have the right plan to safeguard what matters most to you.

Why Choose Elite Vermögen Bancassurance?

Seamless Banking & Insurance Integration – Convenient access to insurance through your trusted bank.

Tailored Coverage – Plans designed to suit your financial and personal needs.

Expert Advisory – Professional guidance to help you choose the right protection.

Exclusive Benefits – Competitive rates and value-added services for our clients.

Protect your future with confidence.
Explore our Bancassurance solutions today and secure your financial well-being with Elite Vermögen Bank.

HomeCall Plan

Elite Vermögen Bank (EVB) Home Call is a funeral assurance plan which provides insured individuals and family members with instant cash to enable them to organize befitting farewell ceremonies for their departed loved ones.

  • Qualifying Criteria/ Targets  
    EVB individual customers between the ages of 18 and 64.

Here’s what you’ll get with the HomeCall Plan

  • The policy offers holders who signed on before age 55 free cover (no premium payment) for policy holders after age 65 till they attain age 80.
  • All other assureds are covered until their 80th birthday of the principal assured (policy holder) for policy holders who sign on before age 55
  • A cash bonus (cashback) of 25% of the annual premium will be payable to the policyholder if no claim is made over a 3-year period
  • The policy offers free cover for policy holders after age 65 till they attain age 80

Things To Know

  • The policy covers applicants’ parents, parents’ in-law, an extended family member, spouse and children
  • The waiting period to qualify for claim is 90 days (Policy holder, Spouse and children)
  • The waiting period to qualify for claim for members of extended family is 365 days
  • Premium is determined by the ages of policyholder and beneficiaries
  • The cover on parents and extended family will be limited to a maximum of 50%, whiles that of the children will be 30% of the sum assured

Benefits For The Customer

  • The maximum funeral benefits amount payable in respect of members covered under the policy shall be in accordance with the schedule
  • For a principal and spouse, the sum assured is 100%
  • The policyholder is entitled to a 31-day cooling off period after signing the proposal form
  • If annual premiums are paid in advance, a 5% discount would be given on the calculated premium
  • A cash bonus (cashback) of 25% of the annual premium will be payable to the policyholder if no claim is made over a 3-year period
  • The policy has an automatic waiver of premium option which enables the policy to be in force for the other family members even after the death of the principal assured
  • The percentage increase in annual premium corresponds with annual sum assured
  • The policy offers free cover for policy holders after age 65 till they attain age 80

Requirements

  • Completed application form
  • Submission of EU card

Eligibility Criteria For Claim Payments

  • Medical cause of death / Death Certificate in case of death of policy holder
  • Evidence of relationship with principal assured
  • Police report in the event of death resulting from accidents
  • EU Identity Card (Germany Passport or National Card)

WealthMaster Plan

This is an endowment plan for account holders that promises a guaranteed sum assured at maturity.

Qualifying Criteria/Target Market

Individuals between the ages of 18 and 64

Here’s what you’ll get with the WealthMaster Plan

  • The sum assured after the policy term expires
  • The sum assured after the policy term expires

Things To Know

  • Minimum monthly premium of EUR100
  • Minimum policy term of 4 years and maximum of 10 years
  • Payments under this plan shall be made in Ghanaian currency through the policy holder’s EVB account
  • The plan will lapse if the premium is not paid by its due date, except in the event of the policyholder’s death
  • Waiting period of 91 days to be eligible for the sum assured in the event of death
  • Policy holders are eligible to receive a surrender value after they have paid premiums for up to 24 months

Benefits For The Customer

  • Accumulate savings over time with interest
  • The policy can be reinstated within 12 months from the date of default by the policyholder
  • Sum assured will be paid to beneficiaries or legal representatives in the event of death
  • The policy holder is entitled to 50% of the sum assured if incapacitated during the term due to specified conditions, with the policy continuing until maturity

Requirements

  • Complete application form
  • EU Identity Card (Germany Passport or National Card)
  • Provide one passport sized picture

Eligibility Criteria For Claim Payments

  • Medical cause of death / Death Certificate in case of death of policy holder
  • Evidence of relationship with principal assured
  • EU Identity Card (Germany Passport or National Card)

Child Education Plan

Overview 
This plan provides lump sum benefits at the end of the chosen period to the beneficiary or death of the account holder during the term of the plan. It is a hybrid plan which offers an investment and a substantive life insurance cover to meet life contingencies such as disability and dread diseases, whether alive or dead. It is an endowment plan that provides policy holders with extra needed support towards the education of their wards.

Qualifying Criteria/Target Market 
Individuals between the ages of 18 and 50 

Here’s what you’ll get with the Child Education Plan

  • The sum assured when the policy matures

Things To Know

  • The plan can be taken for a minimum of 10 years and maximum of 25 years
  • Premiums are payable in advance or on or before their respective due dates
  • A waiting period of 91 days shall be applicable for natural death
  • A grace period of 31 days shall be granted for the payment of every contribution during which period the cover shall be in force
  • The plan shall be inactive if contributions are not made on or before its due dates
  • Incremental annual options of 10%, 15% and 20%
  • Applicants must have an account with GCB Bank
  • It allows for substitution of beneficiaries

Benefits For The Customer

  • The Insurer shall pay the death benefit to the primary beneficiary / beneficiaries
  • If no named beneficiary is living when the account holder dies the proceeds will be paid to the estate of the deceased account holder
  • The plan acquires surrender value after it has been in force for 24 months without default
  • The insurer provides soft loan to policy holder after 36 months

Requirements

  • Complete application form
  • EU Identity Card (Germany Passport or National Card)

Eligibility Criteria For Claim Payments

  • Policy holders can claim sum assured upon maturity
  • Upon death – Medical cause of death / Death Certificate in case of death of policy holder
  • Police report in the event of death resulting from accidents
  • The original plan/Policy document

Ultimate Protection Plan

Overview 
It is a unique term assurance policy which pays out the sum assured (benefits) when the event insured against happens within the terms and conditions of the policy.

The EVB Ultimate Protection Plan offers businesses, individuals (breadwinners) and their dependents, protection from unexpected events of disablement by way of accident or critical illness and death.

Qualifying Criteria/Targets  
Individuals between the ages of 19 and 57.

Here’s what you’ll get with the Ultimate Protection Plan

  • A grace period of 31 days shall be granted for the payment of every contribution during which period the cover shall be in force
  • A waiting period of 180 days is applicable for both death and critical illness
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  • Premium at entry shall remain same till end of policy tenor unless the benefits increase option has been activated
  • Free annual medical screening for annual premium paying clients

Things To Know

  • All payments due under this policy shall be made in Ghana cedis
  • Minimum age at entry is 19 and maximum 57 years
  • No benefit is payable if the policyholder surrenders or cancels the policy
  • This policy may be reinstated (coverage restored) anytime within 12 months after it has terminated at the end of a grace period
  • It has a non-medical limit of GHS 200,000
  • The effective date of the assurance on any assured shall be the day he or she is granted the cover
  • The policy term is 10 years or more
  • Claims are paid directly into the policy holders bank account
  • The policy holder can increase the contractual premium annually
  • Full refund of premium plus 5% interest at maturity if there is no claim
  • Return of premium if death occurred naturally within the waiting period
  • Policy is assignable for loans

Benefits For The Customer

  • This policy is free from restrictions as to foreign residence, travel or occupations
  • Full refund of premium plus 5% interest at maturity if there is no claim
  • Return of premium if death occurred naturally within the waiting period
  • Policy is assignable for a loan
  • Free annual medical screening for annual premium paying clients

Requirements

  • Complete application form
  • EU Identity Card (Germany Passport or National Card)

Eligibility Criteria For Claim Payments

  • Payment of any benefit shall be made upon receipt of all the relevant claims documents
  • All payments due shall be made in the original currency of the policy
  • Medical cause of death / Death Certificate in case of death of policy holder
  • Police report in the event of death resulting from accidents
  • EU Identity Card (Germany Passport or National Card)

General Exclusions

Suicide or an attempted suicide committed within 2 years from the day of the issue of the policy which results in total or permanent disability is a risk not assured by the insurer.

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