Business News of 2014-05-16

Stanbic Bank, Metropolitan Insurance to launch new products

Stanbic Bank Ghana Limited and Metropolitan Insurance have collaborated to launch three new products that will enhance consumer safety within the country. The products are Motor, Travel and Home owners Insurance.
The products were launched at a media briefing Thursday, at the Opeibia branch of Stanbic Bank in Accra.
Nana Dwemoh Benneh, Head of Personal and Business Banking of Stanbic bank said,” the collaboration with Metropolitan bank is to deliver service that is beneficial to the consumer in an industry that remains critical sector for every economy. Stanbic Bank assurance will provide cutting edge solutions at affordable cost, while ensuring that claims are dealt with promptly.”
This is all underwritten by Metropolitan Insurance Company limited and as such the products will be available through all Stanbic Bank branches.
The Stanbic motor insurance is an extensive automobile policy that covers customers during damage of property belonging to another party, damage to property, injury to a person and even covers damage to a customer’s own vehicle.
Under the Travel insurance, a customer can enjoy the following privileges: medical expenses as well as loses that will be incurred, when travelling.
Medical expenditure under this very policy include emergency dental care, repatriation of mortal remains, emergency return home, delivery of medicines, advance of bail bonds, personal assistance services, advance of bail bonds and 24 hour assistance.
In respect of loses and delays, customers can enjoy services regarding delayed flight or baggage, loss of identity cards, location and forwarding of personal belonging and baggage , all belong to this very insurance policy.
Compensation of loss emanating from fire, burglary as well as natural occurrences such as lightning, explosion, earthquake, storm impact, wind, malicious damage and flooding are all held under the wing of the Stanbic Home owners’ insurance policy.
Metropolitan Insurance is the recipient of many awards including CIMG General Insurer as well as Re Cedant of the year awards for 3 consecutive years, while Stanbic bank is a member of the of the Standard Bank Group fully fledged Tier one bank in Ghana with 23 branches nationwide.
Stanbic Bank assurance is a medium through which Metropolitan Insurance and Stanbic Bank will distribute their insurance products.
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