Republic Bank Ghana has partnered with Enterprise Life to offer life assurance products to customers of the bank and the general public.
The partnership allows the bank to offer insurance products developed by Enterprise Life.
The insurance company’s products include the Final Rest Policy, which provides immediate cash pay out to cater for the cost of funeral expenses; Next Gen Policy, which provides a replacement income in the event of any dreadful disease, accident or premature death; as well as the EduPlan Policy for future educational expenses.
Shortly after signing the agreement, the Managing Director (MD) of the Republic Bank Ghana, Farid Antar, said the partnership was in line with the bank’s philosophy of protecting and sustaining the concept of family.
“The provision of mortgages, for instance, is to help individuals and families own their own homes. A husband and wife or even siblings can combine their income and apply for a joint mortgage from Republic Bank.
“Our retail products such as RightStart Account, I Do Account, Career Builder, HomeSave Plus, and Optimizer to 55 Plus Account, are all centred on the concept of individual to family growth. It is the same thinking you find underpinning life assurance products such as funeral policies, Income protection and educational policies, which are all insurance benefits that seek to protect and sustain the family concept,” he said.
Assuring Enterprise Life of the bank’s commitment to the partnership, Mr Antar said; “Although we are aware many banks in Ghana have been on this journey for some time now, we are poised to be your number one bancassurance partner in no time.”
The Group CEO of Enterprise Group, Keli Gadzekpo, said the partnership with Republic Bank was critical to his outfit as it sought to make insurance accessible to all Ghanaians and increase insurance penetration in the country.
“We at Enterprise Life are constantly in search of ways to make insurance accessible to all Ghanaians and give them their desired advantage in life.
“This partnership is of strategic importance to us because through this, the bank can provide holistic financial solutions to their customers and we are happy to have Republic Bank as our partner and we look forward to giving customers of the bank an advantage in life,” he said.