THE SIC Insurance Company has donated GH¢2,000 to the Asogli Education Endowment Fund, bringing to GH¢8,500 the total amount the company has so far paid into the fund over the past three years.
Presenting a dummy cheque for the amount, a senior staff member of the company, Miss Lydia Lamina Bawa, said the gesture was part of the company's social responsibility, adding that future donations might be big based on the increased fortunes of the company.
She used the occasion to advise property owners to undertake insurance cover against fire for their assets since it was now mandatory for them to buy insurance against fire under the new Insurance Law.
Miss Bawa cautioned drivers who misused their licences by way of using them to drive unprescribed vehicles, stressing that it was an offence for drivers holding a licence of a particular grade to drive a vehicle meant for a higher grade licence and that it was even more serious to use a driver’s licence to ride a motor bike.
She made it clear that such offenders would not be paid any insurance compensation in case of any accident.
The Volta Regional Branch Manager of SIC, Mr Richard Fenuku-Doamekpor, advised insurance companies to be alert about the activities of some clients who were indebted to certain insurance companies and so wanted to reinsure with different ones with the view to defrauding the original companies.
He said such dubious practices could endanger the growth of the insurance industry and therefore advised clients to desist from them.
Receiving the cheque, the Afetorfia of Ho-Heve, Togbe Dekortsu II, underscored the value of education as the key to development.
He said the gesture by SIC was in tune with the mission to provide quality education for needy and deprived children.
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