The Central Regional Head of National Insurance Commission, Mrs. Nicholina Naa Yeye Adumuah, has urged the public to safeguard themselves against unexpected risks and losses.
She, therefore, called on individuals and institutions to prioritise insurance as a means of providing financial protection against unforeseen events such as accidents, natural disasters, health emergencies, or property damage.
Speaking at a meeting for senior administrators of the Registrar鈥檚 Department, Mrs. Adumuah explained that insurance policies could be categorised into life, health, property, and motor insurance adding that 鈥渆ach category offers various subtypes to meet specific needs鈥�.
She advised individuals signing onto insurance policies to be well-versed in the terms and conditions before taking a decision.
听Mrs. Nicholina Naa Yeye Adumuah speaking at the event
鈥淯nderstanding the terms and conditions of insurance policies is crucial for effective risk management and financial protection. 鈥淵ou have 14 days to decide whether you will sign the policy document or not鈥� she stressed.
Mrs. Adumuah emphasized that understanding insurance policies was essential for protecting University assets and ensuring continuity of operations.
Mrs. Adumuah also underscored the importance of registering with licensed insurance agents. 鈥淒emand the license of any insurance agent before signing onto any policy,鈥� she advised, cautioning against unverified or unauthorised agents.
Touching on the role of the NIC, she highlighted that the Commission is mandated to regulate and license insurance companies, set industry standards, and oversee the training of insurance agents. She encouraged the public to report any grievances or suspected malpractice to the NIC for prompt investigation.
听鈥淎ny person who feels cheated by an insurance organization should report to NIC for the necessary investigation to be carried out,鈥� she added.
The training session covered various topics, including policy interpretation, claims management, and risk assessment.
Source: Documentation and Information Section
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