Friday, May 28, 2010

Metropolitan Life’s ‘Labbaika Provider’ targets Moslems

Metropolitan Life Insurance will unveil a new product christened ‘Labbaika Provider’ next month, targeted at the Moslem community to improve savings culture and investment towards a secured future.

Labbaika Provider’, that makes it easy for Moslems to invest in their ward’s education is a structured investment product and provides meaningful way to save towards the financial requirement for Haj-a cost that is escalating yearly. It also helps singles prepare financially for marriage.

Mr. Winfred Dodzih, Head of Retail Marketing, Metropolitan Life Insurance making a presentation to a group of Moslems in Accra, explained that the product which is targeted at all Moslems has been developed with unique attributes to ensure that customers derive the full benefit to meet their financial needs.

He explained that the Moslem community by their relegion is not permitted to invest in certain companies that deal in businesses like alcoholic beverage and pork meat trade, hence the products with the unique attributes to meet the investment needs of Moslem.

“This is tailored to meet specific requirements of the sophisticated market which is in consonance with the Sharia law. It can play a role in preparing financially for wedding, a quite costly affair nowadays.

“It is also to create an option to offer as dowry. A bride can now request that her husband –to- be invest in Labbaika Provider for her.”

The company recently constructed a new ward and renovated the existing recovery and labour ward of the Maamobi Polyclinic, a Moslem community at a cost of GH¢ 30,000.

The Polyclinic is the biggest health facility in the Ayawaso Sub-metropolitan area and was established about 42 years ago.

A daily average attendance at the Polyclinic is about 300 patients at the Out Patients Department (OPD) and 100 to 120 women attending antenatal clinic. It serves over 500,000 people, due to its strategic location.

Due to the location of this Polyclinic, it often complements efforts of the 37 Military Hospital, Ridge Hospital and Korle Bu Teaching Hospital.

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