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UniBank relaunches Bancassurance products

BY: Samuel K. Obour

UniBank Ghana Limited has relaunched three of its Bancassurance products aimed at providing a variety of banking and insurance services to its clients.

The products, Wealthmaster Plus, the HomeCall Plus and the Family Protection Plan, are being offered to clients to provide them with a convenient and hassle- free way of purchasing their insurance products at one location.

The new products are being brought to clients in collaboration with Starlife Assurance, a leading life assurance company, which is the underwriter of  Bancassurance’s products.

Addressing the media at the launch, the Executive Advisor, Institutional and International Relations of uniBank, Mr Clifford Duke Mettle, said the introduction of Bancassurance was in pursuance of the bank’s policy to introduce non-generic banking products as part of their total product bouquet.

The Family Protection Plan, he explained, was a renewable life assurance policy which ensures that payment was made to beneficiaries who met the terms and conditions of the policy, when the event insured against occurred.

This product comes with four benefits: Death benefit, total and permanent disability benefit; dread disease benefit and retrenchment benefit.

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He noted that the policy could be taken to cover spousal death and child disability, and promised clients that 25 per cent cash bonus payment of the annual premium would be made every three years if no payment was made for claims over any three-year period.

The HomeCall Plan provides insured individuals and their family members or groups with instant cash to enable them to  organise fitting burial and funeral ceremonies for their loved ones.

Mr Mettle also said, “The uniBank WealthMaster Plus has, therefore, been specifically designed to enable holders to realise their dreams even in their absence. It offers policy holders a unique opportunity to create wealth to meet their medium and long-term goals.”

He was optimistic that with the introduction of these products, uniBank would fundamentally transform the financial landscape and continue to introduce not only innovative products, but also offer enhanced services and reach out to various sectors of the economy.

Mr Mettle assured their customers, “we will continuously provide bespoke (tailor-made) services developed per your taste and preference and we will strive to position uniBank as the preferred choice for banking.”

The General Manager, Operations of Starlife, Mr Kwame Asare Boakye, stressed that Starlife had the requisite ICT system to support uniBank to deliver quality services to its esteemed customers.

uniBank (Ghana) Limited was incorporated as a private company in December,1997 to operate as a bank and is a wholly-owned Ghanaian company, authorised to undertake a broad range of banking business.

By Jessica Acheampong