Sika Plan (Okum-Ka)

This is a special insurance package developed to address the financial needs of the self-employed in the informal sector. It is “Susu” backed by a Life Insurance cover.
The main target group for the scheme is the informal sector. The minimum contribution for this policy is GH¢2.00 per day. The scheme has a slogan “OKUM-KA” meaning to “Kill Debt”

Features of the Policy

 Savings
 Daily, weekly, fortnightly or monthly
 Collection is done at the doorstep of the contributors by our Sales Executives
 The Scheme has a period of one year but contributors may access sixty percent (60%) of a partial withdrawal of the attained funds value from the beginning of the seventh month after the inception of the policy and 30 percent at the beginning of the fourth month.
 Interest on contribution
 Life Insurance cover of GH¢500.00
 Policy Loans from our subsidiary company (SIC Life Savings & Loans).

Advantages
 Patrons are assured of the absolute security of their contribution since government has 100% shares.
 It has been packaged:- a handy passbook with details of payments
 We continue to consistently rebrand the scheme to ensure customer delight
 Prompt payment of claims to clients
 The needs of clients are always met timely
 It assists all contributors to build up savings for debt settlement, school fees, rent advance, expansion of business etc.

Target Market
The target market for the scheme is any one in active employment particularly, the informal Sector such as
 Businessmen and women
 Traders
 Artisans

Below are our branch networks and telephone numbers:

 Accra                      - 0302-631329/678130/662317
 Kasoa                     - 0302-863955/66
 Tema                      - 0303-207328/207324/207329
 Kumasi                   - 03220-46681/91/29289
 Techiman               - 03520-91668
 Takoradi                 - 0312-024508
 Cape-Coast            - 0332-137719
 Koforidua               - 0342-021078
 Akim-Oda               - 0207274654/0542-050-064
 Customer Service  - 0501570652

For further information, contact accredited sales representatives, any SIC LIFE Office near you or the offices listed above.