The Ministry of Education through the Ghana Education Service (GES) has joined forces with SIC Life Insurance to insure all teachers and non-teaching staff.
Speaking at the launch of the GES-SIC Life Group Insurance Policy, the Director General of GES, Prof. Opoku Amankwa admonished teachers and non-teaching staff to sign on to the policy in order to secure their future.
Management of GES and SICLife have since last year, engaged in sensitization of the GES staff on the benefits they stand to gain if they enroll in the policy.
The policy suffered a setback in June last year when it was rolled out to cover all the staff of the service, resulting in agitation, leading to the suspension of the implementation.
Commenting on it, the director general said the policy was not mandatory for the staff of GES but optional.
He said the interested staff would have their monies ducted from the month of July.
He said the policy is a good one hence the need for the staff of GES to join.
He expressed gratitude to SIC for agreeing to partner with GES to embark on this policy.
He stressed GES will not impose on any of its staff members and members who are willing to withdraw from the policy could do so since SIC has designed a way for them to do so.
He said the government was committed to promoting the welfare of GES staff hence the move to partner with Sic towards this agenda.
Managing Director of SIC, Rev. Dr. Mrs. Elizabeth Wyns-Dogbe in explaining the policy said, under the policy, a teacher was expected to contribute GH10 a month, while the government made a counterpart contribution for each staff.
An insured person is to be paid up to GHc18, 000 in the event of permanent disability and also the same amount is to be paid to a beneficiary in the event of the death of the insured.
The policy has a provision for cash back of 10 percent per member after three years of no claims, she explained further.
Some beneficiaries who received their package on behalf of some insured persons who had lost their lives expressed gratitude to SIC.
They encouraged SIC to extend the policy to other workers as well as private individuals managing their own businesses.