SIC Insurance Company Limited, one of the oldest non-life insurance companies in Ghana has unveiled ‘SIC HomePlus’ an innovative home coverage package for its existing and prospective clients.

This newly launched home insurance policy has been designed to provide coverage and underwrite risk exposures pertaining to various household properties and belongings including natural and man-made perils like fire, burglary, third party legal liability, family personal accident.

The General Manager in charge of Operations at SIC Insurance Plc, Faris Attrickie, speaking at the official launch of the new product intimated that “the ‘SIC HomePlus’ is a flexible home insurance package that allows homeowners and renters to configure a plan that better suits their individual homes, personal and family protection needs.”

“This customised home protection insurance also gives policy owners a choice of additional benefit amounts and a wide variety of critical health care categories including heart, cancer, kidney failure, stroke, coma, major burns among many other,” Mr. Attrickie revealed.

In effect, policy owners after having signed unto the package would receive cash benefits when they encounter unexpected incidents that affect their possessions as well as other benefits whenever an insured person is diagnosed with a terminal illness.

Stephen Oduro, the Managing Director of SIC Insurance Plc. sharing his thoughts said “homes are some of the most valuable assets anyone can have whether it’s one’s own home or a rented apartment.

“Unfortunately, in our part of the world a lot of the times, we do not take steps to protect this lifetime investment,” leaving everything to chance, he added.

The Managing Director went on to say that as a result of the general apathy of Ghanaians to sign on to insurance packages, they are often faced with obvious “difficulties when the unexpected happens whether it is fire, burglary, the collapse of the building or any form of accident at home,” which leads to huge sums of expenditures and loss of livelihoods that could have be taken care off by insurers.

Mr. Oduro further asserted that “SIC Insurance believes that as a country and a people, we must come to a place where protecting our homes is a priority on the list of must-dos for both homeowners and home renters.”

After the series of speeches, a representative of the National Insurance Commission (NIC), Albert Oko Dagadu who was also a special guest of honour at the event, applauded SIC Insurance Plc’s efforts for improving on the Home Insurance package to cover critical illness alongside the basic home insurance covers.

Sometimes paying for homeowners’ insurance makes some people cringe because insurance is an intangible product but comes to life when disaster strikes, Mr. Dagadu remarked and went on to urge the insuring public to make home insurance and all other insurances a priority.

SIC is a leading provider of general or non-life insurance products in Ghana. Its business operations cover fire, motor, marine and aviation, and accident insurance. SIC also provides specialty insurance products such as hoteliers and leisure policy, a policy for the hospitality industry. With roots dating back to 1955, the Company has been operating for more than 52 years and has developed long-standing relationships with insurance brokerage firms and some independent agents, who constitute some of its primary distribution channels.

SIC’s business is national in scope with a visible presence in all ten regions of Ghana. The Company has consistently, over the span of its business life, maintained steady market leadership.