Ecobank And Old Mutual Ghana Launches Fourth Product—EcoRetire

Ecobank and Old Mutual Ghana, a major player in the financial and insurance industry has launched its fourth product ‘EcoRetire’ on Thursday, April 28 at the Movenpick Ambassador Hotel in Accra.

Ecobank became Old Mutual Ghana’s Bancassurance partner in May 2015. Following their partnership, three bancassurance products; the educator, transition, and travel policies were made available in all Ecobank branches.

The EcoRetire is a special retirement savings plan aimed at providing Ecobank Ghana’s retail clients with a flexible medium to long-term savings plan. It offers clients an opportunity to save for their retirement through the payment of an agreed monthly premium with a definite target lump sum amount.

Speaking at the launch, dubbed “The Union of Two African Giants,” Chief Executive Officer (CEO) of Old Mutual Ghana, Mr. Chris Kapanga expressed the close bond between the two financial giants and their desire to expand their frontiers in the future.

“This partnership will continue to come up with value adding products and services for stakeholders of the two financial giants,” he said.

According to Mr. Kapanga, apart from the two giants being household names on the continent, both institutions share similar corporate values – They both place the customer at the center of their operations and are committed to developing products that respond to the needs of their cherished customers.

The EcoRetire facility is open to Ecobank customers or those willing to become Ecobank customers and should be eighteen years and above.

However, monthly premiums for the product can vary per individual. The minimum monthly premium is GHc20.00 (twenty Ghana cedis) only.

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