As parts of measures to increase passenger intake and boost its operations, management of Intercity STC have announced it will offer a life insurance cover for all passengers who board its buses.
[contextly_sidebar id=”IdV6IQSWMd78nSHZCg3dt3ZKosRseAQ7″]The life insurance cover being underwritten by SIC/Life Trust Financial Services will offer up to GHC 2000 in the event of an accident leading to death.
This was announced by the Board Chairman of SIC/Life Trust Financial Services Aaron Issa Anafure at an event to hand over some buses to the management of STC.
”The passenger has a personal accident cover which is attached to the motor insurance; we have decided to make it more lucrative and attractive because they are into competition this means that if you board an STC bus and unfortunately you die through an accident, SIC/Life will pay the death benefits”.
He adds that passengers who sustain injuries in the event of an accident will not be eligible for the insurance cover.
The event saw the handing over of 10 Toyota hiace buses and 5 coaster buses each valued at a cost of USD 45,000.
Managing Director of Intercity STC, Samuel Nuamah Donkor tells Citi Business News the fleet of buses will increase the fortunes of the company.
”These buses have been paid for and if we take into account that STC hasn’t paid for buses that were given to them by government it is simply because it was not commercially driven but we have put policies to ensure that we don’t go back to the old ways and run ourselves into trouble.”
Mr Nuamah adds that STC will henceforth combine profitability and corporate social responsibility to shore up the company’s profit.
By: Lorrencia Nkrumah/citifmonline.com/Ghana