#2022BFTInsuranceSurvey: Coronation Insurance unveils four new products

Mr. Adedayo Arowojolu - MD, Coronation Insurance Ghana LTD

True to its mantra of Insurance for EVERYTHING, Coronation Insurance Ghana LTD has unveiled four (4) new products with exclusive benefits to customers.  The products, namely; Coronation Triple Cover, Coronation Fireproof, Coronation Home Shield and Coronation Business Protection Bundle are targeted at individuals and SMEs.

Speaking on the new products, the Managing Director of Coronation Insurance Ghana LTD, Mr. Adedayo Arowojolu, said: “We are on a transformation journey aimed at establishing Coronation Insurance as one of the top insurance companies in Ghana. In view of that, we have identified the insurance needs of customers and bundled them under four new products with the objective of providing affordable insurance solutions to meet the everyday need of customers”.

“This move by the company further positions us as one of the leading insurance companies well poised in providing bespoke insurance solutions tailored to meet the respective needs of our customers”, he added.

Features of the Products

The Coronation Home Shield Plan is an insurance policy designed to indemnify customers in the event of damage to the house or loss of contents due to of burglary (theft) or fire. With as little as GH¢ 250, customers can cover their homes and contents up to GH¢ 50,000. These limits can however be extended depending on the needs of the customer.

The Coronation Triple Cover Plan is a bundled insurance product covering protection for Personal Accident Insurance, Motor Insurance, Combined Fire & Burglary or Householder Insurance for a period of one year. The premium to be paid is dependent on the insurance need and the limits chosen by the insured.

The Coronation Fireproof Plan is an insurance policy designed specifically for small business owners to indemnify them in the event of fire and special perils. With as little as GH¢ 100, a business can be protected up to a total amount of GH¢ 50,000.

The Coronation Business Protection Plan is designed for SMEs, retail businesses, etc. and provides cover up to GH¢ 50,000 at a premium amount of GH¢ 200. The product provides cover against loss or material damage to property caused by fire, lightning strike or certain explosions caused by domestic use of the premises.

These special products can be purchased conveniently from anywhere through the Company’s self-service platforms including the short code *789*115#.

About Coronation Insurance

Coronation Insurance Ghana LTD is a leading insurance company licensed by the National Insurance Commission (NIC) to underwrite general insurance businesses in Ghana. Having operated for over 13 years in Ghana and with a legacy of over 60 years uninterrupted claims settlement, Coronation Insurance is committed to offering customized insurance solutions to meet the needs of our clients. We seek to be the most enjoyable company to do business with and one which is a truly diversified underwriter that provides protection against all forms of insurable risks to all customer segments.

Our time-tested expertise in risk management and actuarial services has positioned us as one of the top 5 companies in the insurance industry with the best claims reserves.

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