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NIC bars two insurance companies from operation

The National Insurance Commission (NIC) has barred two insurance companies from full operation. It has also extended its deadline till end of 2018 for companies to meet its increased minimum capital gain. The Insurance Act requires that all insurance and reinsurance companies meet a minimum capital requirement of Gh¢ 15 …

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NSS  suspends mandatory insurance deductions  

The National Service Scheme has reviewed its planned mandatory insurance policy after a massive public backlash and rejection by some personnel. The scheme which was going to see a monthly deduction of GHC15.00 from the allowance of all personnel has now been made optional. Some personnel opposed to the insurance …

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NSS sued over new insurance package

Some irritated national service personnel have sued the national service executive director Mustapha Ussif and the entire scheme over the decision to charge all personnel a compulsory GHC15 for an insurance package. The complainants; Solomon Anapansah, Toxla Caleb Elikem, Kwadzodeh Enoch Lelabi and Timothy Donkor, say they have not instructed …

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MTN, aYo unveil mobile money insurance – Starr Fm

MTN Ghana has partnered with aYo and Metropolitan Life Insurance Ghana to launch a micro- insurance product dubbed “Send with Care”. With this product, MTN Mobile Money customers can add insurance cover to all funds sent through Mobile Money. Commenting on the partnership, Chief Executive Officer at MTN Ghana …

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NSIA Insurance launches weekly auto insurance payment – Starr Fm

Car owners, especially commercial drivers, now have the opportunity to pay for their auto insurance in weekly installments in Ghana following the introduction of “Apakan” by NSIA Insurance Ghana. Apakan is an innovative product which pre-finances the motor insurance cost and affords car owners, especially Taxi and commercial drivers, …

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