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GLICO extends micro
insurance products to traders
Accra, Nov. 6, Ghanadot/GNA- Gemni Life Insurance Company
(GLICO) on Thursday extended two of its micro insurance
products to traders at the Adabraka Market in Accra with a
call on them to save during their trading activities in
order to fortify their future.
The products are the GLICO Anidaso Policy, which goes with
saving benefits and Daily Savings known as Susu.
Mr Padmore Elijah Gyasi, Business Department Manager, GLICO,
who made the call when he interacted with the traders noted
that low-income earners in the informal sector are
confronted with financial difficulties in their trading.
He said there was therefore the need for the traders to
patronise the two products to overcome their day-to-day
challenges.
Mr Gyasi pointed out that low income earners were challenged
whenever breadwinners of families, dependants and spouses
passed away saying the company's two products extended
benefits to them.
Mr Gyasi told the traders that banks, in granting them
loans, required that they provided collaterals such as land
and houses pointing out that the company's savings could
facilitate their acquisition of bank loans.
Under the GLICO Anidaso, he said, prospective customers
would enjoy some benefits whenever they were hospitalised or
were involved in an accident.
According Mr Gyasi, the GLICO Anidaso was specially designed
for the low-income group who do not patronise the company's
conventional life insurance products because of the high
premium rates of life insurance products on the market.
He said the eligible age for prospective policyholders was
between 18 years and 55 years and appealed to them to
embrace the products.
Madam Ablavi Senyo, a tarder, who expressed her gratitude to
GLICO for extending the two products to them, was optimistic
that they would help to support them whenever they were in
financial hardship.
GNA
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