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Ghana insurance regulator to expose companies undercutting premium

The National Insurance Commission (NIC) is to conduct a special audit to expose insurance companies which are engaged in premium undercutting which is affecting their ability to pay claims. The acting Commissioner of the NIC, Mrs Nyamikeh Kyiamah, who made this known in Accra Tuesday, warned of dire consequences for …

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Residents of Nkwanta-North unable to access health insurance

Mr. Daniel Yao Donkor, Nkwanta-North District Director of Health Services, has called on government to open a district National Health Insurance Scheme office for the area. He expressed worry that people in the District were unable to access NHIS because there was no office to facilitate the work of the …

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Donewell sets GH¢7.1m target for 2010

Donewell Life Company Limited (DLCL) is working to hit GH¢7.1 million target as an annual premium income earning by the end of 2010, Mr. Edmund Diamond Addo, Head of Operations of the company said on Tuesday. He said DLCL was to roll out two new products to capture the informal …

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SSNIT Board, Management contempt case adjourned sine die

Mr Kwesi A. Boaten, Director General of SSNIT, has opposed a contempt application brought against the Trust, Board and its management. The Board of Directors and Management of SSNIT were cited for contempt in connection with a demolition at Dunkoonaa in the Greater Accra Region. A suit filed by Mr. …

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Educate workers on new pension scheme – employers

Employers in the Kumasi metropolis have called for public education on the new pension scheme to promote peace and harmony on the labour front, especially at the initial stages of the scheme’s implementation. Sharing their views at a day’s seminar organized by SSNIT for employers and SSNIT schedule officers of …

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Broker suggests option to insure informal businesses

Traders at the Kumasi Central Market would need to jointly approach a consortium of insurers to minimize the risk of perennial fire disasters at the site. Victims of last week’s fire disaster at the market are presently relying on friends and relatives to get back to business. They are mobilizing …

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SSNIT Informal Sector Fund introduced in Hohoe

Mr Kwasi Boatin, Director-General of Social Security and National Insurance Trust (SSNIT) on Friday said its subsidiary Informal Sector Scheme has the potential to facilitate the development efforts of government due to its capacity for enormous savings mobilization. He said pension funds play significant role in the development of financial …

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Provident Insurance launches Life Assurance Company, three products

Provident Insurance Company Limited on Thursday launched its Life Assurance Company dubbed “ProvidentLife” and three new products to give its clients a wider variety of services. The products, ProvidentLife Educator Plan, ProvidentLife International Travel Health Insurance, and 50 Plus Security Plan are tailored to suit the current needs of the …

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Ghana government makess GH¢153.3m from health insurance in first half 2009

Dr Kwabena Duffuor, Minister of Finance and Economic Planning on Tuesday said about GH¢153.3 million was realised from the National Health Insurance Levy (NHIL) within the first six months of 2009.        This was against a budget target of GH¢140.9 million with the out turn of 20.3 per cent higher …

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Volta Region lags behind in National Health Insurance coverage – Kumbuor

The Volta Region is lagging behind in the coverage of the National Health Insurance Scheme, Dr Benjamin Kumbuor, Deputy Minister of Health said on Tuesday.      He said; “A national comparative analysis on the proportion of population covered by the scheme revealed that the region was behind”.      Dr Kumbuor …

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