Terms & Condition

1. Membership:

A subscriber must be a natural person and a member of Private Commercial Transport Association or Union and Fuel Pump Station workers.

2. Entry Age:

A subscriber and the nominated family member must be within the ages of 18 years and 70 years old on entry date.

3. Cover:

Funeral benefit is paid upon the death of a member or insured family member who enjoys cover in term of this policy plan.

• a. Funeral Benefit:

  On the death of a member, a fixed cash lump sum of GHC 3,000, GHC 4,000 or GHC 5,000 is payable to the beneficiaries and GHC1,500, GHC2,000 and GHC2,500 on the death of the nominated family member.
• A. Funeral Benefit: On the death of a member, a fixed cash lump sum of GHC 3,000, GHC 4,000 or GHC 5,000 is payable to the beneficiaries and GHC1,500, GHC2,000 and GHC2,500 on the death of the nominated family member.
• B. Hospital Cash Benefit: A single lump sum of GHC 300, GHC 400 or GHC 500 is payable per eligible period of hospitalization of at least three (3) nights by a member, and subject to a maximum of 4 x hospitalization in a year. A maximum annual benefit of GHC1,200, GHC 1,600 or GHC 2,000 is payable and not more than one (1) payment of GHC 300, GHC 400 or GHC 500 is payable in a month. The hospital Cash benefit is a rider to the Group Funeral benefit.
• C.Accidental Hospital Cash Benefit: A single lump sum benefit of GHS 1,400, GHS 1,800, GHS 2,200 is payable per eligible period of hospitalization of at least three (3) nights as a result of serious accident requiring medical admission and treatment. This benefit is payable only One (1) time in a year. The accident should have occurred when a member is performing his or her duty of a driving or being a conductor or fuel pump station worker. The Accident Hospital Cash benefit is a rider to the Group Funeral Benefit

4. Maximum Age of Benefit: .

Group Life Cover ceases for participants at the end of the month in which the member turns 75 years. However, member subscriber shall enjoy FREE Life Cover under Annuity for life for TAG retirees

5. DriveLIFE Retirement Plan:

• A. Personal Savings Account: Contributor shall be entitled to withdraw a maximum of 80% of the contributor’s personal savings account every two (2) years.
• B. Partial Retirement Benefit: Upon retirement, the accrued Personal Savings Account and 30% of the Retirement Account is payable to the contributor as a lump sum and remaining 70% re-invested in Annuity for life fund to pay quarterly benefits to contributors.
• C. Full Retirement Benefit: A member of the Scheme who is due for retirement is equally entitled to full retirement benefits payment
• C. Early Retirement Benefit: A member of the Scheme who is due for retirement is equally entitled to full retirement benefits payment
• D. Early Retirement Benefit:
  • I. Following a medical certification that the contributor is incapable to continue to work, such a member may withdraw all or part of his or her benefits from both accounts.
  • II. On the death of a member, the beneficiaries of estate of a deceased contributor shall be entitled to withdraw the accrued benefits of the deceased from both accounts

6. Waiting Period:

Should a member or insured person dies or hospitalized within the first three (3) months after cover has commenced in terms of this policy, Funeral or Hospitalization Cash will only be paid if such event occurs as a result of an accident. Three (3) months waiting period will apply.

7. Exclusions:

A Funeral or Hospitalization claim will not be paid in the event of the death of the insured member or nominated family member being direct result of:

• Active participation in war
• Self-inflicted injuries as a result of attacks on or sabotage of facilities
• Abuse of alcohol and illegal narcotics
• Fraudulent or wrongful claim
• Insured event occurs while outside from Ghana

8. Claims Procedure:

In the event of death of the insured member or nominated family member due to illness or accident, please call: 0277589761 OR 024 144 1505 to report a claim within six (6) months.

Evidence of Hospitalization:

• Medical referral and discharge note
• Patient’s hospital bills and receipts
• Doctor’s report stating date of admission and discharge