All Rights Reserved.Guidelines on Claims Management for Life Insurers,Guidelines on Claims Management for Non Life Insurers,Guidelines to Insurance Industry on External Auditors.A bank desirous of selling insurance products, shall be presented by an insurance company to be licensed as a corporate agent in accordance with section 115 of Insurance Act, 2006 (ACT 724).A bank so licensed under paragraph 1 shall sell Life Insurance products and or Non-Life Personal insurances only. BOA Assured Child. Get the right protection for your commercial insurance needs.
Tell me more. Ghana Toggle navigation. Search ... Bancassurance. The report shall be submitted within three months after the end of the financial year.Section 115 and all other provisions of the Insurance Act, 2006, Regulations, Market Conduct Rules, Code of Practice and Guidelines, which apply to Agents, shall apply to corporate agents as well.A bank cannot be the agent for its own insurances.
us call you.Stanbic Bank Ghana on Wednesday, October 9 launched its innovative Visa Credit Cards to facilitate banking transactions.Your information will be managed securely.Stanbic Bank Ghana Limited is a financial services provider licensed by Bank of Ghana and Securities and Exchange Commission of Ghana with company registration number CS659892,Packaged solutions designed for Ghanaians living abroad or emigrating soon,Complete Financial wellbeing package for Nurses in Ghana,Loan to buy vehicles and power generators for personal use,Personal mortgage to buy or build your dream home,Personal overdraft tailored to meet your cash flow needs,Loan for consumer appliances and products,A protection and investment plan to help fund your child’s education,An extensive cover to help with the costs associated with a loved one's funeral,Extensive insurance cover for your residential building,Insurance cover for specific losses suffered while travelling abroad,Get the cover you want at a premium that’s tailored to your needs and circumstances. Bancassurance is the distribution of insurance products, using a bank as a channel. You also get more value because you're getting higher quality products, often at a reduced price.
Bancassurance Guidelines. In November 2007, when a private local insurance company partnered a bank to launch Ghana's first bancassurance products, the issue about replicating Europe's success stories of … The Assured Child Education Plan is designed to provide secure financial preparations to finance various stages of educating a child whether parents are dead, permanently disabled or alive.The Family Care Assurance is a funeral plan that guarantees policy holders and their families a befitting and dignified transition in the event of death.© 2016 Bank of Africa Ghana. Conditions/Guidelines for Registration of Banks as Corporate Agents (BANCASSURANCE).©National Insurance Commision. It provides an insurance cover on your target amount, so that your children get money for their education should you pass away or be permanently disabled before the plan matures.A FuneralPlan offers extensive cover to help you and your family with the costs associated with a funeral if any of your named beneficiary’s dies.
Non-Life personal insurance is defined as all non-life insurance policies sold to or purchased by individuals for their own benefit as opposed to corporate entities.Products (both Life and Non-Life) which have already been approved by the Commission but which have been amended or repackaged to make it suitable for a bancassurance scheme must be submitted to the Commission for approval.A copy of the agreement between the bank and the insurance company, together with the details and the branding arrangements of the products to be sold shall be submitted to the NIC for review and approval.A bank which applies for a corporate agency licence shall have “Designated Persons” who shall have the qualification and practical training required of an individual agent to be licensed as “Sub Agents” and who shall be responsible for soliciting and procuring insurance business on behalf of the corporate agent.An applicant for a corporate agency licence, and all applicants for Sub Agency licences (Designated Persons) shall pay to the NIC, an application fee on submission of the application and a licence fee when the application is approved.The bank shall not induce or compel in any form, a prospect to buy an insurance product of its Principal.
Customers can choose between the Classic and Premier options of the Farewell Plan to suit their need. You and your immediate family who travel with you will be covered for up to €30,000. Search form.
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