SIC Life has won the Chartered Institute of Marketing Ghana (CIMG) Insurance Company of the year (Life Insurance Category 2016 Award).
CIMG adjudged the SIC Life insurer of the year as being the most dependable and customer-friendly life insurance company in the country at a ceremony held in Accra last week.
With this addition, SIC Life has bagged five top awards from the highly rated Chartered Institute of Marketing Ghana (CIMG) as well as many other awards in the 10 years of its existence.
The citation stated: “Your Judges have been your client base who score you highly on your promise. You also exhibited a good understanding of your market with introduction of your Guaranteed Endowment Plan, which contributed about 12.1% in new business and posted a total turnover of GH¢212,960,892 in the period under review.”
The citation also commended the company for being able to contribute significantly to the share of market, and additionally introducing mobile money for self-service activities including premium payment, policy enquiry among others. SIC Life continues to excel at CSR and invest in its human resource, which continues to raise their brand image.
“For the third time running, you dazzled your evaluators with your clear knowledge and understanding of customer needs – which ranked highly on our evaluators scorecards, thus enabling them to confer on you, SIC Life, CIMG Insurance Company Life.
The Managing Director, Mrs. Elizabeth Wyns-Dogbe, said the award means a lot to the company, emphasizing that the insuring public will see SIC Life come up with more innovative products.
It’s gratifying to see that one of the nation’s leaders in Life Insurance underwriters has won so many awards in its 10 years of existence. SIC Life is clearly a true friend for life.
Business & Financial Times
SIC Life Company Limited has been inducted into the Chartered Institute of Marketing (CIMG) Ghana Hall of Fame.
This award at the 28th edition of the National Marketing Performance Awards held at the Accra International Conference Centre on Friday, 28th September 2018, is in recognition of the company’s exceptional performance in the insurance industry.
SIC Life which prides itself as a ‘True Friend for Life’ was adjudged the CIMG Insurance Company of the Year in 2016 after winning same award in 2014 and 2015 consecutively.
As the company reaches its 11 years milestone, management said it has dedicated the award together with several others won to the loyal clients throughout the nation.
Managing Director of SIC Life, Mrs. Elizabeth Wyns-Dogbe emphasised that the award had boosted their confidence to render first-class services to their loyal and dedicated customers who had supported them over the years.
The award, she noted will enable them “keep up with marketing standards which will translate to branding Ghana to a level of Ghana beyond aid”.
Mrs. Elizabeth Wyns-Dogbe added that, SIC Life is committed to introducing more innovative and value for money products which will leave a positive impact on society.
SIC Life Company Limited (SIC Life) originally existed as the Life Division of the reputable multi-line insurer, State Insurance Company of Ghana Limited (SIC) which has been in operation since 1962.
In conformity with the provision of the Insurance Act 2006, Act 724, SIC Life was established as a fully licensed Life Insurance Company in 2007.
Currently, SIC Life is one of the largest and most reputable insurance companies in Ghana controlling a significant share of the insurance market in Life Insurance business and was adjudged the CIMG Life Insurance Company of the year 2010, 2012, 2014, 2015 and for 2016.
The Company is the leader in the Life Insurance industry in terms of key performance indicators such as capital base, shareholders’ fund, total assets and controls a significant share of the life insurance market.
With its solid financial base, coupled with highly motivated and experienced human resource, SIC Life is well positioned to maintain its dominance of the Life Insurance Market through prudent management and sound technical practices. The Company has a very strong Information Technology base with all our Branch offices networked.
SIC Life enjoys a favourable image within the Life Insurance industry both locally and internationally with a wide network of Branch and contact Offices throughout the country. It also has a large Agency Force whose focus is to respond professionally to the varying needs of the insuring public. SIC Life is by far the most reliable and trusted life insurer in Ghana.
Date: 30-09-2018 Time: 03:09:46:pm
Once again, we have been adjudged the CIMG Insurance Company of the Year 2015 (Life Category) owing to our diligent activities and vision of being the most customer-friendly life insurance company in the entire nation.
We are indebted to our loyal customers for the honour of winning the award for the fourth time. Thus being the CIMG Life Insurance Company of the year 2010, 2012, 2014 & 2015.
Ayekoo to all our clients! We owe it all to you. Thank you from us, proud insurers of you!
Chief Executive Officer of SIC Life, Aaron Issa Anafure has been adjudged the Best CEO of the year at the Business Executive Excellence Awards.
The award is an annual event organized by publishers of the Business Executive Magazine to celebrate institutions that have demonstrated excellence in conduct, performance and achievements with a significant impact to Ghana’s economic growth.
SIC Life was also crowned the ‘Best Life Insurance Company of the Year’ out of about 22 institutions who were shortlisted for the awards.
This recognition to the company and its CEO comes after years of ensuring the Ghanaian Life Insurance Industry becomes world class.
Expressing his excitement, Mr. Aaron Anafure said the award is an attestation that his work has been recognized by many. He noted that being crowned the Best CEO for 2014 provides additional motivation to work hard to maintain the position.
“This award is going to give me the impetus to do more because the sky is not my limit” he added.
Mr. Anafure also commended his staff for the feat chalked and urged them to work harder for more awards in the coming years.
In the Ghanaian insurance industry, the Sika Plan product has remained the market leader in its category and has been the most patronized within the micro-insurance sector since its introduction in November 2003.
A total of GH¢262,716,729.00 was mobilized over a period of ten and a half years, i.e. at the end of December 2014.
The amount mobilized from Sika Plan increased from GH¢14,028,489.00 in 2009 to GH¢55,507,601.00 in 2014 representing 295.68% growth.
SIC Life Company Limited, owing to its diligent work and vision of being customer-friendly won it the CIMG Insurance Company of the Year 2014 (Life Category) in October 2015.