What are the Terms & Conditions of MiWay Insurance.

Here are some Terms and conditions of Miway insurance you want to know:

1. If the subscriber increases the cover, the previous cover level will be in force after 3 months.

2. All insured persons must be aged 18-75, resident in Ghana, and should be in good health as at enrolment. Only enrolled persons will be eligible for benefits.

3. Claims must be presented within 30 days of death. Claims will be paid via the claimant’s MTN Mobile Money account within (5) five working days of receipt of verification documents by the underwriter.

4. In the event of a claim, any of the following documents are required to confirm the death: Death Certificate, Medical Report, Burial Permit or any other form of documentation agreed by the insurer.

5. If the subscriber changes the Next of Kin, only accidental deaths will be covered after a period of 6 months. 

6. Only a maximum of 2 claims will be honored should there be the same Next of Kin on more than 2 policies.

NB: Claims will not be paid for deaths resulting from:

1. Suicide or self-inflicted injury.

2. War

3. Criminal action or intake of drugs or alcohol.

4. The policy is terminated on the death of the subscriber, subscriber cancellation, or elapse of the policy.

 NB: Billing will now start from 20th to 30th of every month. In essence, customers will now receive reminder text messages on the 18th of every month to fund their wallets to make premium billing successful.