{
  "id": 12101821,
  "title": "NIB, SIC Life launch Bancassurance product to deepen insurance penetration",
  "url": "https://urgent.news/2026/10/05/nib-sic-life-launch-bancassurance-product-to-deepen-insurance",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-10-05T07:47:11.000Z",
  "source": {
    "name": "Ghanaian Times",
    "slug": "ghanaian-times",
    "url": "https://ghanaiantimes.com.gh/nib-sic-life-launch-bancassurance-product-to-deepen-insurance-penetration/"
  },
  "original_language": "en",
  "account": "The National Investment Bank (NIB) PLC and SIC Life Insurance Limited have joined forces to introduce a Bancassurance product called \"One Partnership. Total Protection.\" This initiative aims to expand insurance offerings and promote financial inclusion across Ghana. The new product covers four plans: the Guaranteed Endowment Plan, Ultimate Family Security Plan, Education Fund Plus, and Final Journey Plus. The collaboration will make insurance services more accessible and convenient for customers by combining NIB's banking expertise with SIC Life's insurance knowledge. Dr. Doli-Wura Awushi Abdul-Malik Seidu, NIB's Managing Director, emphasized that bancassurance is more than just additional products; it unites banking and insurance to cater to customers' evolving needs throughout life stages. Meanwhile, Mr. Solomon Twum Barima, SIC Life's Managing Director, highlighted that the partnership would enhance the speed, ease, and responsiveness of insurance services for customers. Dr. Julius Debrah, Chief of Staff and Economic Adviser to the President, expressed the partnership's potential to create more value for customers and contribute to national development. Dr. Michael Kpessa-White, Director-General of SIGA, noted the initiative as an example of inter-trading among state-owned enterprises, showcasing how public institutions can leverage their strengths, infrastructure, expertise, and customer networks to generate value.",
  "summary": "The National Investment Bank (NIB) PLC and SIC Life Insurance Limited have collaborated to launch a Bancassurance product aimed at deepening insurance penetration and coverage in the country. The product, themed “One Partnership. Total Protection,” is also intended to deepen financial inclusion and bring insurance services closer to the doorstep of citizens and covers four … The post NIB, SIC…",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}