GLICO GENERAL INSURANCE PAYS OUT AND DONATES TWO (2) MILLION GHANA CEDIS TO DEPENDENTS OF THE GALLANT EIGHT
GLICO General Insurance Ltd, the non-life member of the GLICO Group and a leading indigenous Ghanaian insurance company committed to providing tailor-made insurance solutions for individuals and businesses, has paid out and donated monies to the tune of two (2) million Ghana Cedis to beneficiaries of the Gallant Eight.
In a brief and solemn ceremony held at its head office - GLICO House in Adabraka on Friday, 22nd August 2025, GLICO General presented insurance benefits to the Gallant Eight’s dependents to the tune of Two (2) Million Ghana Cedis. Out of the Two (2) Million Ghana Cedis, One Hundred Thousand Ghana Cedis (GHC100,000) is to the President’s Children’s Trust Fund. These benefits were presented as a result of a personal accident insurance cover GLICO General gave to the Ministers of State for their line of work. In paying out the insurance benefits, GLICO General, in the spirit of care and love, donated undisclosed amounts each to the other six (6) beneficiaries of the Gallant Eight.
Giving brief remarks at the start of the presentations, Mr. Edward Forkuo Kyei, the Group Chief Executive Officer (CEO) of GLICO Group read remarks from the Chairman of GLICO Group, Mr. Kwame Achampong-Kyei. The remarked indicated that, “over the years, I have seen how death shatters hopes and dreams, leaving families in despair. Yet, I have also witnessed the comfort and renewal that insurance brings — helping families rebuild and continue the legacies of their loved ones. It was this conviction that led me back home to Ghana to establish GLICO: to light my own lamp and contribute to our nation’s growth.”
The Group CEO further explained that, “today, GLICO has grown into a leading Ghanaian Group with subsidiaries in healthcare, pensions, life, and general insurance, all rooted in our promise: ‘we cushion you for life.’ We are gathered here because that same vision endures. In that spirit, GLICO General is presenting insurance benefits and donations to the families of the Gallant Eight, who gave their lives in the highest service to Ghana
Explaining the rationale behind the presentations, the Managing Director of GLICO General, Andrew Achampong-Kyei, Esq. had these to say: For over forty (40) years, GLICO has carried the banner of protection and preparedness. From the day of our founding, Corporate Social Responsibility has not been an afterthought but a cornerstone of our mission. It was with this tradition of, ‘we cushion you for life’, that GLICO General extended a Personal Accident policy to a number of Ministers of State. The logic was simple: leadership carries immense responsibility, and with that responsibility comes risk.
The Managing Director for GLICO GENERAL went further to state that, Today, we stand to honor that commitment. For the families of those covered, insurance benefits will be presented to offer stability in this difficult hour. For those not under the policy, GLICO is extending a donation, so that no one stands alone. This distinction is important, but so too is the unity behind it. Whether through insurance or donation, our goal is singular: to provide a measure of comfort, a reminder that in grief, you are not abandoned.
Finally, Achampong-Kyei, Esq. made a call to action to policy makers and Ghanaians in general: ‘We cannot, as a people, allow insurance to remain optional, partial or selective. Preparedness must become the standard, not the exception.”
Gracing the occasion in unity were representatives from the Office of the President, the National Insurance Commission, the Ministry of Defence and the Ministry of Environment, Science and Technology (MEST). Giving brief remarks after the presentation, the Commissioner of Insurance, Dr. Abiba Zakariah reiterated the point that insurance must always be seen as a priority and not an option. She expressed gratitude to GLICO for setting the pace and demonstrating love and care during these critical moments.
Haijia Shamima Muslim, representing the Office of the President, expressed gratitude also to GLICO General and promised that the monies would be used as expected to provide respite to the families of the Gallant Eight. She stated that, GLICO’s magnanimity should inspire others to also show care to the families of the Fallen Eight.
Representatives of the Ministry of Defence, Madam Comfort Kyere and the Chief Director of the Ministry of MEST, Madam Suweibatu Adam, respectively, both affirmed GLICO’s continuous commitment and support when it matters most, by providing the needed insurance arrangements and ‘cushion’. They expressed gratitude to GLICO General for the demonstration of love and care.
Though grieving, it was a moment of respite for the bereaved families and representatives present at the event to receive such show of care and generosity from GLICO General.
GLICO General is the non-life member of the GLICO Group. Over the past four (4) decades, GLICO Group has expanded its operations, giving rise to subsidiaries such as GLICO Health, GLICO Pensions, GLICO Capital and GLICO Properties, GLICO Life, and GLICO General, with a strong focus on providing customer-centric services.