Sagicor launches new product to help frontline workers

Sagicor has launched a new product that will benefit frontline workers and their families across the region.

The company launched the “Sagicor Healthcare Heroes Group Insurance Plan”, which is the first in a line of other products in the ‘Heroes Series’, via a virtual press conference on the Zoom platform this week.

“The COVID-19 virus has reinforced how dependent we are on each other. We recognise that heroes don’t just exist in movies but live with us. Our heroes are on the frontline and include those in the health care, food, transportation, sanitation and protective services,” Ravi Rambarran, the president and CEO of Sagicor Life Inc said.

Rambarran said that recognising these heroes in society is in line with the company’s vision of improving the lives of the community.

The new plan offers coverage to doctors, nurses, pharmacists, orderlies, administrative staff and their families. And it is available in all Sagicor territories except Curaçao.

The benefits will be payable on death including accidental death, and on the diagnosis of certain critical illnesses.
It is also available in three levels, whose payouts range from $100,000 to 300,000 on diagnosis of critical illnesses and $250,000 to $1 million upon death, including accidental death.

“Each year, our heroes will have the right to switch to a higher level. The sole requirement to join is to be actively at work and for those over age 65, a statement of good health,” Rambarran explained. “Heroes with pre-existing conditions cannot claim under the critical illness for those conditions but can claim for any of the other illnesses on diagnosis. Heroes will also be eligible for discounts on property and motor insurance.”

In addition to other Sagicor representatives, other high ranking officials from across the region were present at Tuesday’s press conference to deliver remarks on the launch of the new product.

These officials included Dr Didacus Jules, the director general of OECS, Sir Trevor Hassell, the president of the Health Caribbean Coalition, Dr Mirissa Nimrod, head of the Caribbean Association of Oncology and Hematology, Sharon Sanchez-Anderson and the former chief pharmacist in the Ministry of Health in Belize.

Monthly premiums vary from between $85 for Level one to $310 for Level three for the Eastern Caribbean states.