Tuesday, October 21, 2008


THE Vanguard Assurance Company paid insurance claims totalling GH¢304,221 to a number of individuals and companies in the Ashanti Region between January and September, this year.
The beneficiaries included Richam Farms and Company Limited, A.G.Timbers, Nwabiagya Rural Bank, Kuapa Kokoo, Topman Farms and Nana Owusu Ansah and Sons Limited.
The Ashanti Regional Manager of Vanguard Assurance, Mr Isaac Baidoo, told journalists at a briefing in Kumasi that the company would continue to play a lead role in the insurance business in the country.
He reiterated the need for Ghanaians to cultivate insurance culture to enable them to recoup their investments in times of disasters.
He noted that a number of businesses, which used to be vibrant and very viable were either collapsing or in distress situations due to the operators' failure to insure them against disasters like fire outbreak and rainstorm, as well as burglary, theft and other such happenings.
Mr Baidoo pointed out that until Ghanaians purged themselves of the negative perception that insurance was all but payment of premiums, they would continue to suffer losses in their personal lives and business establishments whenever calamities struck.
The regional manager, therefore, called for attitudinal change to enable the country to derive the full benefits of insurance.
He stated that the company had far-reaching and comprehensive products for individuals and business entities that could cushion them in times of hardships and damage to their investments.

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