Hollard Life Assurance launches new products - E-Insurance News

ByMorkporkpor Anku, GNA Accra, Nov.28, GNA– Management of Hollard Life Assurance has introduced three new products tooffer policy holders unique opportunities and a secured future.The products are named,“Adepa Three,” and includes ’Adepa wo Fie’, ‘Adepa Goal Save’, and ‘AdepaSaving Plan’.

Speaking during thelaunch in Accra, Mr Nashiru Iddrisu, the Managing Director of Hollard LifeAssurance Ghana, said he was excited, “the Life Insurance industry in Ghana iscompetitive and thriving”.He said with over 20industry players, any company worth its salt must be innovative in its approachto service delivery.It added, it was notjust about simple life policies – it was about the innovative benefits andterms that make difference in policy holders’ futures.

He said the Adepa WoFie is a simple family-oriented plan with a single premium, where “your spouseand five of your children are covered for free.With as low as GH¢27.00 amonth, you can cover 7 members of your family.” He explained thatwith the ‘Adepa Goal Save’, it was designed for everyone with a specific targetgoal within a medium to long term.“Adepa Savings Plan’is designed for those who have a need for savings and a much secured futureespecially those, who earn regular incomes.

He said as part ofthe company’s strategy to provide value-added products, and a first in themarket, last year, it launched the Adepa Family Plan, a product that coversevery member of the family and up to 24 others.Mr Iddrisu said theplan also gives free cover to five of the policyholder’s children with aguaranteed 20 per cent of premium as money back after every five years, whethera claim was made or not.He said a total ofGH¢33.7 million worth of cover has been insured by the Company for individualsand their dependents or families, since the introduction of its Adepa FamilyPlan in September last year.

He said it was uponthe success of the Adepa Family Plan, that the company introduced the ‘AdepaThree’.“We leverage ontechnology, innovative distribution channels and skilled professionals with theright pedigree to manage life risks, be they individual, family or corporate,”he added.GNA

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