Classic Farewell Plan

Class Farewell Plan

The Prudential Classic Farewell plan is a special life insurance product that helps you to secure the financial security of your family after you have passed on. In addition to the main benefits under the policy, there are even juicier optional benefits including an investment package.

What you need to know

The minimum and maximum age at entry for the main life is 18 and 59 years respectively
The Plan covers:
Cover level for you and your spouse is 100% and 50% for all other insured lives.

You have the option to choose the type of cover plan (Sum Assured) preferred between GHs 3000 to GHs 15,000.


Death Benefit

A lump sum payment equal to the Sum Assured will be paid to you or your beneficiary in the event that any of the insured lives is no more.

Loyalty Benefit

If your policy has been in force for at least five (5) years and you pass on, an additional 4% of the total premiums you paid will be paid to your beneficiaries.

No Claim Cash Back

A sum of 12% of total premiums paid would be refunded to you every five consecutive year if no claimis made.

Accidental Death Benefit

In the event that you pass on suddenly through an accident, a lump sum which is twice the sum assured will be paid to your beneficiaries.

Family Cushion Benefit

An additional 5% of the total premiums made will be paid to your beneficiaries three (3) months after your demise.

Hospitalization Benefit

You are entitled to 4% of the sum assured once every year if you are hospitalized in a health facility recognized by the Ministry of Health for a consecutive period of at least three (3) days.

Waiver of Premium Benefit

Prudential Life will pay the rest of the premiums on your behalf if death should occur early or on attainment of 65. However, all the insured lives are still entitled to their benefits under the policy.

Return of Premium:

If the any of the covered lives die during the waiting period and the policy is active,
the total premium paid on behalf of this life will be refunded less the policy fee.


You have the option to choose from any of the additional benefits below:

Cash Investment

This is an investment feature on the policy which allows you to save. You can contribute from as low as GHs20 to a maximum of GHs50 per month. You can make partial withdrawal on your investment provided you have been contributing for at least one year.

Pre-Burial Benefit

On the death of any of the insured lives under the policy, a lump sum which is 30% of the sum assured will be paid before the burial of the deceased.

Post Burial Benefit

Twelve (12) months after the death of any of the insured lives under the policy, 50% of the sum assured will be paid.