Star Assurance, one of Ghana’s leading general insurance providers has launched two re-packaged personal insurance products into the Ghanaian market.
The products launched namely: Branded Star Personal Guard and Star Stock Assure, provide tailor-made insurance cover for the public. The products were launched by Star Assurance together with their corporate agency- AssureAdvisors Limited.
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.
Ms. Doreen Denu, the General Manager of AssureAdvisors, in a brief statement, noted that the re-packaged 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.
“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.”
Ms. Doreen Denu
Star Personal Guard
Explaining the policy, the General Manager noted that the 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. Doreen Denu
Mr. Michael Adomako, Product Development Manager of Star Assurance, on his part, expressed his excitement and assured the public that the company will continue to give customers best packages.
“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.”
Mr. Michael Adomako
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