Story: Tim Dzamboe, Dabala
THE Manager of micro and individual life insurance of the Gemini Life Insurance Company (GLICO), Mr Padmore Gyasi, has urged the public to take life insurance seriously because of its potential to safeguard family welfare and finances.
Mr Gyasi said taking up insurance policies was a good protection for families and also a wise investment.
Presenting a cheque for GH¢800 to the family of the late Daniel Agbanyo, a holder of a micro-insurance policy insurance plan at Dabala in the South Tongu District of the Volta Region, Mr Gyasi said the aim of micro-insurance was to enable people particularly those in the lower income bracket to be able to leave benefits behind for their dependants to curb dire financial problems that families went through when bread winners died.
The micro-insurance policy also known as “Morkporkpor” or “Anidaso”, literally meaning hope, aside paying benefits to the dependant families on the death of a policy holder, also pays some benefits to a holder on the death of his or her spouse or children under 18 years and provides hospitalisation and accident cover to the holder.
He said holders of the policy could access loans from GLICO three years after taking the policy and regularly paying their monthly premiums of GH¢2.
The Manager of Agave Rural Bank, Mr Emmanuel Koblah, said a policy holder could easily access credit from the bank with GLICO as the guarantor.
A representative of the bereaved family, Mr Frank-Ehlah, who received the cheque thanked GLICO for its honesty.
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