NSIA Insurance opened its new office at Lapaz, in Accra with the launch of Apakan, an innovative motor insurance product tailored, especially for taxi and commercial drivers.
The product pre-finances the motor insurance cost and provide the flexibility to car owners to pay off within 12 months.
Mr Aaron Packeys, General Manager-Finance, said the product would provide the insured an opportunity to pay their auto insurance in weekly installments.
“If you pay your weekly insurance installment consistently for three months, NSIA will go ahead and provide your annual insurance for you while you take your time to pay the rest. This means that you don’t actually take bulk money to buy insurance.”
To be able to benefit from the package, drivers and car owners would need to register with any NSIA Apakan agent.
Speaking at the opening ceremony, Mrs Mabel Nana Nyarkoa Porbley, the Managing Director of NSIA Insurance, said the company was resolute in its commitment to making insurance easy and convenient to its clients.
“Every insurance company is assessed by how viable they are…Currently NSIA Insurance has more than 700 per cent solvency rate and that goes a long way to determine how quickly you are able to pay claims. This means that you should not be scared to insure with us.
“We have the capacity to carry your risk and will be able to pay your claims within your shortest possible time.”
She also disclosed that NSIA Ghana had been highly capitalised to far exceed the regulatory requirement of GHC 15m, making the company more than capable of managing all risks portfolios in Ghana.
NSIA Insurance Ghana aims at making insurance easy and attractive through the delivery of hassle-free insurance products and services and with its commitment to contribute significantly to increasing insurance penetration in Ghana.
The location of the new office is in the bid to bring insurance to the doorsteps of residents of Lapaz and its environs, which has a hub of commercial drivers, SMEs and individuals.