The Governing Board of the Pharmaceutical Society of Ghana has agreed to an extension of the deadline for payment and enrollment unto the PSGH-GLICO life insurance policy.
This move is to ensure that more pharmacists have some financial risk protection against critical illness, permanent disability, and death of self or close relative.
The GB has also taken the decision to pay half of the annual premium for benefits under the “basic package” for all members. This means that pharmacists who wish to enroll unto the policy for this year will only need to pay the additional ¢60.00 to enjoy the full benefits under the basic package.
Pharmacists who will want to subscribe to other packages will need to pay ¢60.00 less of the required premium. As an illustration, members who subscribe to the “Enhanced” package will need to pay ¢300.00 (instead of 360.00) and so on. Pharmacists who have already made payment are entitled to a refund.
It may be recalled that at the 2022 AGM in Tamale, members were informed of an enhanced welfare package. In addition to the new Welfare Package, members were also informed of the Governing Board’s resolution for members to take on Group Life Insurance Policy. After an extensive review of various proposals from the Life Insurance Companies by the PSGH Welfare Committee, GLICO Life Insurance Company was chosen based on the benefits they offered. For an annual premium of GH¢120, the benefits include Life Insurance, Critical Illness, Permanent Disability, Death of Spouse, Child (Max.3) and Parents (Max.2) Benefits.