Star Assurance, one of Ghana’s leading general insurance providers has together with their Corporate Agency, AssureAdvisors Limited, launched two re-packaged personal insurance products into the Ghanaian market.
Branded Star Personal Guard and Star Stock Assure, these two products
provide tailor-made insurance cover for the public. The Star Personal Guard is
a 24hr Personal Accident policy that provides compensation to the insured or
his legal representative for Death, Permanent Disablement and Medical Expenses
whilst the Star Stock Assure protects Retailers and other commercial
enterprises that sell merchandise against fire and its allied perils.
These repackaged products will be underwritten by Star Assurance and are
available on all its platforms with active sales and marketing support provided
by all intermediaries of Star Assurance.
“These products reflect the ongoing pace of change in the general insurance
industry, taking into account the changing needs of consumers,” Ms. Doreen
Denu, the General Manager of AssureAdvisors said in a brief statement.
She continued: “We have leveraged the financial strength and claims management
expertise of Star Assurance and the market insight, passion and customer
service skills of the team at AssureAdvisors to bring this suite of products to
the general insuring public.”
Star Personal Guard is a tailor-made, no-frills personal accident policy for
everyone. It covers Death, Permanent Disablement and Medical Expenses. The
policy has three (3) main limited options namely Platinum, Gold and Silver
options for its target market.
The Silver Cover provides Death and Permanent Disablement limit of GHS 5,000
and a medical Expense limit of GHC 1,000 whilst the Gold Cover provides a Death
and Permanent Disablement limit of GHS 10,000 and medical Expense limit of GHC
2,000. The last and the widest cover under Star Personal Guard is the Platinum
cover. It provides a Death and Permanent Disablement limit of GHS 20,000 and a
medical Expense limit of GHC 5,000. Additionally, the policy can be readily
assigned to any beneficiary; indeed, the capital sum is protected and can be
bequeathed to dependents.
The second product, Star Stock Assure, provides insurance cover for various
merchandise against key perils such as fires, explosions, riots, strikes,
Impact by animals, earthquakes, floods and other elements that could pose a
threat to businesses. Under this policy, a holder’s stock is well protected and
contractually ASSURED.
“Star Assurance is known for its accomplishment in simplifying insurance for
customers, and we believe this is important. AssureAdvisors looks forward to
working with Star Assurance in taking this exciting step to launch products
together as they travel this journey”, Ms. Denu concluded.
On his part, Mr. Michael Adomako, Product Development Manager of Star Assurance
had this to say: “We have once again demonstrated our commitment to the
insuring public and are excited about this collaborative effort with
AssureAdvisors. We look forward to many other such partnerships with the
ultimate aim of bringing credible insurance solutions to our clientele.”
Source:
Peacefmonline.com/Ghana