Car owners, especially commercial drivers, now have the opportunity to pay for their auto insurance in weekly installments in Ghana following the introduction of “Apakan” by NSIA Insurance Ghana.

Apakan is an innovative product which pre-finances the motor insurance cost and affords car owners, especially Taxi and commercial drivers, the flexibility to pay off within 12 months.

The payment system was announced during the launch of NSIA Insurance’s new office at Lapaz. According to Mrs. Mabel Nana Nyarkoa Porbley, Managing Director of NSIA Insurance, the package seeks to make insurance easy and convenient to car owners.

“Every insurance company is assessed by how viable they are,” she said.

“Currently, NSIA Insurance has more than 700% solvency rate and that goes a long way to determine how quickly you are able to pay claims. This means that you should not be scared to insure with us. We have the capacity to carry your risk and will be able to pay your claims within your shortest possible time.”

She also disclosed that NSIA Insurance Ghana has been highly capitalized to far exceed the regulatory requirement of GhC 15 million, making the company more than capable of managing all risk portfolios in Ghana.