SCB adds 5 new products to its Bancassurance

By Kofi Ahovi
Standard Chartered Bank (SCB) has unveiled five new additions to its Bancassuarance product suite.

These are Drive Safe (motor insurance), Live Safe (personal Accident insurance), Travel Safe (foreign Travel insurance), Cargo Safe (marine insurance) and Home Safe (home and personal assets).

Bancassurance is a bundle of insurance solutions that enables customers of the bank meet their insurance needs along with their banking needs, under one roof.

These solutions are underwritten by Ghana’s oldest insurance providers, Enterprise Insurance Company and the Enterprise Life Insurance Company.

The new offer complements the Family Funeral Insurance, Educare Insurance and Term Assurance Products already on offer from the bank.

With this development, standard Chartered, which pioneered this innovation in Ghana in 2007, now has on offer the most insurance products than any bank in the country.
The general manager of wealth management/insurance and transactional banking of SCB, Ben Mensah said the bank strives to offer customers creative4 innovations that deliver international standards and quality.

“This means a situation where our customers enjoy 360 degree solutions to all their financial problems at any of our touchpoints,” Mensah stated.

He added that the bank’s bancassurance solutions have been deepened to offer customers a full range of solutions to ensure they are equipped to fulfill all their needs and deal with any risk that the customer might encounter

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