INNOVATIVE PRODUCTS

GLICO’s policy is to provide innovative and flexible insurance products that
satisfy the needs of the insuring public today and tomorrow.

Consequently, the company has developed and introduced into the market a wide range of unique products, while it re-packages the existing ones to suit the changing life-style and expectations of the people.

The distinctive household-named/market leading products include:

Two of the company’s products deserve special mention for innovativeness. These are the GLICO Group Comprehensive Policy and the GLICO Anidaso Insurance Policy.

The GLICO Group Comprehensive Policy which is sold to organizations provides benefits beyond the statutory requirements of the Workmen’s Compensation Law. Indeed its attractive benefis have been acknowledges by small, medium and large organizations including Tema Oil Refinery, Ghana Civil Aviation Authority and Ghana Telecom to mention a few, who have taken the policy for their employees. The policy provides a 24-Hour death and accident cover for the employees as well as dread disease cover for ailments such as strokes, heart attack and kidney failure.

The GLICO Anidaso Insurance Policy has been specially developed for the rural communities and the low-income earners in the country who are unable to benefit from conventional life insurance policies because the premiums are beyond their means. The policy is being sold through selected rural banks to some farming and fishing communities in the Central, Ashanti, Eastern and the Volta Regions. The policy provides death cover for members of the family and also allows the policy owner to make savings for his retirement. This policy provides the first formal assurbanking arrangement between a Ghanaian insurance company and the banks.