Hollard Ghana with subsidiaries Hollard Insurance and Hollard Life Assurance has partnered with Ghana Enterprises Agency (GEA) to launch Asomdwee, a tailored insurance product for Micro, Small, Medium-sized Enterprises (MSMEs) in Ghana aimed at providing security for their business.
The comprehensive product which loosely translates as “peace of mind” covers property, public liability, and life insurance for growing businesses. Asomdwee offers three tailor-made insurance packs namely, bronze, silver, and gold depending on the size and nature of business with premiums as low as GHC 360, GHC 910, and GHS 2,310 for coverage as high as GHS 300,000.
Speaking at the launch ceremony at Hollard Ghana’s head office, the Group CEO Patience Akyianu described the partnership as an industry’ first that serves MSMEs exclusively.
“In our quest to enable more people to create and secure a better future, we have partnered with Ghana Enterprises Agency to offer an off-the-shelf MSME insurance product that will protect business owners, employee’s welfare, and their business assets from unexpected incidents. The beauty of Asomdwee is that regardless of the package the MSME opts for, they enjoy coverage for; permanent total disability, critical illness, death, burglary, public liability, and fire & allied perils at flexible premiums”.
“Achieving a financially inclusive society requires a system that supports varying business sizes. We’re doing what we can towards this goal. Our collaboration with GEA is made to suit their unique risks. Through Asomdwee, business owners can bounce back to their feet”, she added’
On her part, the CEO of Ghana Enterprises Agency, Mrs. Kosi Yankey-Ayeh said the launch of Asomdwee is very timely and relevant as it emphasizes the importance of insurance and risk mitigation strategies.
“The world is changing and transforming at a rapid pace and COVID-19 has emerged to accelerate this transformation. The new dynamics necessitate the development of new strategies. Yes indeed, sustainable ones. Hence, partnering with an insurance institution such as Hollard will help in the development of the world-class MSMEs we aspire to see, those capable of standing on their ‘own’ two feet in times of any eventualities and throughout their business cycles”.
“GEA and Hollard Insurance are stepping out to break down business sustainability with insurance products that allow all businesses irrespective of the size of your wallet, to save and invest in insurance products that will help them prepare for the future”. She added.
Asomdwee is a simple product crafted in an easy-to-understand language with a seamless claims process with no waiting period. It is currently available to all registered business owners in Ghana who are between the ages of 18 to 65 years.
Interested persons can contact the following GEA representatives: Vanessa Asomea-Takyi- Ahafo, Bono & Bono East Regions; 0244977163; Greater Accra Regional Secretariat, Anthea Ohene, 0266419444; Eastern Regional Secretariat, Isaac Nimako, 0243178475; Central Regional Secretariat, Nora Fleischer-Djoleto, 0555253884
Source: Ghana Web
More Stories
Rats torment shop owners in Tema Metropolis
Traders in the Tema Metropolis are now fighting with invading rats and other pests who are tormenting them both day and night, the sellers are therefore calling on the Tema Metropolitan Authority (TMA) to urgently fumigate the markets and shops.Some re…
‘Preventing workers from forming unions at your peril’ – Council of Labour caution foreign companies
Mr Emmanuel Addo-Kumi, Greater Accra Branch Vice Chairman, of the Ghana Trades Union Congress (TUC) has issued a stern warning to foreign operated companies and others who are preventing their workers from forming or joining unions in contravention of …
‘We’re getting heart attack, BP’ – Commuters lament traffic congestion on Adentan-Dodowa road
Scores of commuters on the Adentan to Dodowa road on Monday said the terrific traffic cramming is gradually having an effect on their health and called on the government to intervene to save them.The Traffic problem is having adverse health consequence…
Pay personnel our March and April salary arrears to reduce the hardships – NASPA to National Service Scheme
The National Service Personnel Association (NASPA) is calling on the National Service Scheme to ensure the salaries of personnel are paid on time.Personnel has been unhappy in the last few weeks over the non-payment of two months’ salary arrears.Speaki…
Kumasi Central Market redevelopment project in limbo as workers strike over poor conditions of service
The second phase of the multi-million-dollar Kumasi Central Market Redevelopment Project is in limbo as scores of workers employed by Contracta Enginharia Limitada, the contractor for the project, are on a sit-down strike.The workers commenced their in…
VIDEO: How thousands welcome Otumfuo at Koforidua to mourn Daasebre Oti Boateng
His Majesty Otumfuo Osei Tutu II, Asantehene, as the Asante custom demands, on Sunday evening, stormed Koforidua, the Eastern Regional capital to attend the wake keeping at the Yiadom-Hwediem Palace to mourn with the New Juaben Traditional Council over…