Microinsurance Products

Before the year 2000, the design and sale of life insurance products in Ghana were targeted at workers in the formal sector due mainly to the ease with which premiums were collected and policies administered. The majority of workers within the informal sector, especially the rural dwellers and peri-urban poor were largely under-served by mainstream insurance companies.

As a pacesetter and abiding by its vision to bring life insurance to the doorstep of every Ghanaian household, GLICO Life collaborated with CARE INTERNATIONAL and rural/community banks to introduce microinsurance to cater for the insurance needs of the informal sector.

We currently have two microinsurance flagship products receiving high patronage among the informal sector workers.