African Alliance Insurance Co PLC
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The Accord Plan

Our Accord Plan guarantees the financial securityof your family or business.

In most families nowadays, both spouses contribute to the family budget, hence the death of either husband or wife could cause a financial distress.

In the same vein, the untimely death of a partner could have an adverse effect on the financial position of the business.

THE PLAN

  • Our Accord Plan is designed to provide financial security for your dependants or surviving partners;
  •  It  is a policy issued on the lives of both spouses or business partners to cover the risk on their lives  for a guaranteed sum;
  • The policy proceeds become payable to the surviving spouse when the death of either of them occurs or on maturity date, whichever happens first.
  • To ensure the continuity of a partnership, the Plan also guarantees the payment of a capital sum to the surviving partners for the purchase of the deceased partner’s share of the business.
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