First Allied pays claims on insured loans to disaster victims
- B&FT Online | Ghana
- Aug 25, 2015
- 2 min read
First Allied, a leading savings and loans company in the country, has presented cheques totalling GH¢20,388.33 being claims paid on insured loans to victims of the recent Accra flood and fire disaster at a brief but colourful ceremony in Accra under its maiden product, the Obrapa loan insurance Scheme.
Some of the beneficiaries include Mujeeb Mustapha who trades in oil filters at Odowna in Accra, and Richard Nartey who also sells computers at Circle. They received a total sum of GH¢8,945.83 being payment for outstanding loan balance and cash benefits to help them recuperate from the shock. Other beneficiary customers of First Allied who were also victims of the June 3 disaster received payments as follows: Stephen Nyarko, GH¢3,042.50; Dominic Nwafo, GH¢3,410; Alfred Sarpong GH¢1,463; and Ebenezer Aboagye, GH¢3,526.67.
In a related development, Mr. Frank Justice Agyei -- also a customer of First Allied, who was involved in a motorbike accident -- had his outstanding loan balance and cash benefit totalling GH¢2,804.50 paid to him. Similarly, Madam Beatrice Bridgett Desewu of Kasoa in the Central Region who was hospitalised for close to 15 days has had GH¢600 of her loan installment paid through the Obrapa Loan Insurance scheme.
As part of First Allied’s commitment to providing innovative and responsive financial services to its customers, the Obrapa Loan Insurance scheme designed by MicroEnsure Ghana and underwritten by Enterprise Insurance Company (EIC) was introduced to facilitate the continuity of customers’ businesses in the event of disruptive disasters. Under this product, all loans granted by First Allied are insured against unforeseen events like death, hospitalisation, disability and destruction of business property or stocks by natural disasters including but not limited to fire, flood, lightning, earthquake, windstorm, vehicular accidents, explosion, riot, strike, civil commotion, decongestion or demolition.
As a banking institution, First Allied has consistently built a differentiating brand through its superior services and irresistible customer support over the past 19 years of its existence. With its network of 23 branches nationwide, First Allied cherishes the service of providing a broad range of accessible and affordable financial solutions targetted at the unbanked and financially underserved customers to deepen the financial inclusion processes and improve livelihoods.
This service quality has won First Allied several awards from high-profile, well recognised and prestigious institutions in the country and beyond: including Platinum Technology Award for Quality and Best Trade Name (Italy 2015); the Most Innovative Product/Service Awards Africa – World Bank (African Project Development Facility) in 2002; and it is a prestigious member of the Ghana Club 100.
According to the Credits Manager of First Allied, Ms. Selina Osei, other claim requests resulting from
the Accra flood disaster are still being processed and are expected to be paid in the ensuing months.
Source: Thebftonline.com
