Business
Scotia Insurance launches critical illness plan
...partners with Heart Foundation
Kimmo Matthews, Business Observer Reporter matthewsk@jamaicaobserver.com
Wednesday, July 01, 2009
Scotia Jamaica Life Insurance last week launched its Scotia Critical illness (Scotia CritiCare) plan at its training centre in Kingston.
The plan will provide financial support for policy owners between ages 18 - 68 diagnosed with a number of critical illnesses.
The company announced at the launch that on Monday, June 29, members of the public would also be able to receive blood pressure checks at specific Scotia bank locations across the island, the move part of an aim to educate Jamaicans about the critical plan.
"The plan will provide coverage on heart attack, cancer, stroke, paralysis, coma, blindness, and loss of speech, deafness and major burns," said Jackie Sharp, general manager Scotia Insurance.
Coverage under the plan will start from $750,000 up to $2 million and will be available through Scotia Insurance Sales representatives in all Scotiabank branches island-wide.
The move, Sharp said, has come out of a partnership between the Scotia Jamaica Life Insurance and the Heart Foundation of Jamaica to heighten awareness about the prevalence of critical illnesses.
"As a country we are experiencing increased incidence of certain critical illnesses, with heart disease being the leading cause of death among adults today," said Sharp.
She said that with the Scotia CritiCare plan, the bank had developed a product that will provide financial support for the policy owner, upon the diagnosis of any nine specific major illnesses.
In March, Scotia Insurance launched ScotiaBridge, the plan for Jamaican residents, aged 18-68 years who are self- employed or employed to a company that does not have a pension plan.
Scotia Life Insurance Company, is the insurance subsidiary of Scotiabank Group Jamaica, and is also one of only two insurance subsidiaries for Scotiabank International group.
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