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PREAMBLE
Risk is concomitant to
life, its presence in
our daily activities or
it being out of control
has proved to be very
disastrous. The
estimated cost of damage
to an unexpected event
could run into tens of
billions of cedis for
any particular nation.
These reasons gave birth
to Insurance. The object
of our policies is to
provide compensation for
loss or damage caused by
an insured event, which
is accidental as far as
the insured is
concerned.
The purchaser of
Insurance protection is
often a reluctant buyer
because he is purchasing
an intangible product
and would not appreciate
the full value of his
purchase unless a
misfortune strikes.
Hence very few people
have the real idea of
the protection afforded
them by an Insurance
policy.
“I never really thought
about getting it
before,” Kwaku said,”
Money is hard to come by
and I just figured I
wouldn’t need it until I
got my own shop burnt
down.” It is in this
light that we present to
you Provident Insurance
Protection. We highly
recommend getting
insurance to cover your
[tenants’] belongings
OUR PROFILE
[BACKGROUND INFORMATION]
The Provident Insurance
Company (PIC) is a
private Limited
Liability company
incorporated and was
registered in Ghana in
February, 1981. It
commenced business in
October 1982 on the
principle of providing
our policyholders with a
near perfect protection,
as near perfect service
as is humanly possible,
and doing so at the
lowest possible cost.
The Company started from
a humble beginning with
a stated capital base of
five thousand cedis
(˘5,000). PIC has now
been evaluated as one of
Pic/intro/rgq/eeg.1 the
solvent Insurance
Companies on the market
by the National
insurance commission (NIC).
Accordingly, its
operating License is
annually renewed by the
NIC.
PIC is financially
strong. It had a
consolidated capital
employed of
˘13.3billion.
Total Assets,
˘46.2billion, Reserves
including Life Insurance
Fund, ˘19.7billion and
Investments,
˘25.3billion. The asset
bases of the company
include our own
Ultra-modern office
premises and other
properties located in
prime areas including
the Ring Road Central in
Accra.
This achievement has
been the application
over the years of sound,
professional and
efficient underwriting
and investments
practices. |
