StarLife Assurance pays first claim for ‘My Clique’ policy
StarLife Assurance has presented a cheque for GH¢10,000 to a member of the Old Toms (St Aquinas SHS) 1997 Year Group, as first claim payment to its newly introduced ‘My Clique’ life insurance policy.
The StarLife ‘My Clique’ Plan which was launched three months ago is a group welfare insurance policy designed for old students’ associations or alumni groups to provide financial compensation to members and their loved ones when unexpected life events occur.
Mr Emmanuel Glenn Addotey, the beneficiary, lost his dad three months after the 1997 alumni of St Aquinas SHS signed up for the ‘My Clique’ policy when it was launched.
Presenting the cheque, Mr Alexander Twumasi, Head of Commercial Business of StarLife Assurance, said: “My Clique Plan is a novelty in the industry, especially for all alumni groups. We introduced this unique product to minimise the many unscheduled contributions made by members of old students’ associations when the unexpected such as total disability, critical illness and the death of member, spouse or parent occur.
“The good thing about this policy is that the sum assured paid is far bigger as compared to contributions usually made by alumni members. At StarLife, we will continue to innovate to provide our clients with unique financial security solutions. We urge all alumni groups across the country to get on board the ‘My Clique’ policy to help reduce the financial burden on members,” he added.
Expressing his appreciation to StarLife Assurance for the payment of his claims, Mr Addotey, stated that, “when my group signed up for this policy a few months ago, I didn’t expect that I would be the first beneficiary.”
This amount has never been paid before in our group and it has really helped me with expenses of my dad’s funeral. I want to urge all old students’ associations to join this policy without hesitation. I also thank StarLife for being prompt with the payment.”