GLICO LIFE Pays Claims To Ghana Home Loans

BY: Enoch Darfah Frimpong

In line with its promise to cushion clients for life, GLICO LIFE has paid out a death claim amounting to US$177,106.13 to Ghana Home Loans (GHL). The claim was as a result of one of their mutual clients, who took a mortgage protection policy from GLICO LIFE, dying within the first year of the insurance policy.

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Presenting the cheque to GHL, the Managing Director of GLICO LIFE, Mr Edward Forkuo Kyei, said, “the claim payment is in fulfillment of GLICO LIFE’s promise to pay claims promptly and that we will never fail on its promise, no matter how huge the claim is.”

He further indicated that GLICO LIFE’s relationship with GHL was one that had evolved over time. GHL has been open to ways of finding innovative solutions to improve on service delivery and that has strengthened business relationship.

Mr Forkuo Kyei commended GHL for keeping faith with GLICO LIFE over these years. He cautioned them not to be swayed by the competition but to count on GLICO LIFE always.


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For his part, the Executive Director of GHL, Mr Ellis Atekpe, who received the cheque, thanked the management of GLICO LIFE for always fulfilling their promise of paying claims on time. He remarked that the cheque, being GLICO GROUP’s third claim payment made to GHL this year, attested to GLICO’s promise to cushion clients for life and not by just paying lip service to that promise.

He also stated that mortgage loan protection is a fundamental aspect of GHL’s business as it assured the borrower the needed peace of mind that in the event of temporary or permanent disability or death, GLICO LIFE would stand solidly behind them.

Mr Atepke further pointed out that “the family of the deceased can now comfortably enjoy their property since GLICO LIFE has ensured that their father’s toil has not been in vain.”

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Mr Atekpe urged all GHL clients to take a GLICO LIFE policy and also pay their insurance premiums on time, so that if the unfortunate happens, GLICO LIFE could promptly pay the claim to enable them and their families enjoy their property.

GLICO LIFE officials who were present at the ceremony were the Head of Technical, Mrs Vera Haizel-Cobbina; the Deputy Manager (Corporate Affairs), Nana Efua Rockson and two mortgage insurance officers. Ghana Home Loans was also represented, in addition to the Executive Director, by the Chief Financial Officer, Ms Susan Yawson and Miss Heather Baoteng, a mortgage officer.