Investment Times

In Ghana, insurance is typically not considered a necessity, however, for people who take insurance policies, their sum insured (maximum amount paid out for claims) are largely based on their current circumstances. Sadly, after people take policies, they fail to increase their sum insured as their circumstances change. Head of Retail Banking at First National Bank, Mrs. Akweley Laryea, recommends that as your financial circumstances change, it is essential to review the sum insured as it may no longer be sufficient to cover the needs of your family or dependants. She highlighted common situations that should encourage people to update...