First Look

JPF, Excel Insurance Brokers & Sagicor sign new Multi-Currency Group Insurance contract

| 2014-05-18 00:00:00

Members of the Jamaica Police Federation, JPF, are to benefit from an innovative multi-currency Group Insurance and Critical Illness Plan from EXCEL Insurance Brokers. The first of its kind in the Excel series, the policy was designed specifically for the JPF members by Excel. 

Signing of the contract took place recently, after months of consultations and negotiations between the Central Committee of the JPF, Excel, Sagicor Life Jamaica, and Sagicor Life of the Cayman Islands Ltd the carriers of the policy. The new policy will provide life insurance, Critical illness, Disability and Hospital benefits and Investments for the over twelve thousand members of the Federation and their families.

Speaking at the signing of the Contract Agreement, Chairman of the Central Committee of the JPF, Sergeant Raymond Wilson, said the signing marks the culmination of months of robust discussion, negotiations and consultations with the JPF membership island wide, Excel and Sagicor.
Continuing, Mr. Wilson said, “We view this as the beginning of a long and fruitful partnership and one that will redound to all stakeholders.  We are indeed grateful of the efforts of Excel and Sagicor for their exemplary vision and skills that resulted in this innovative policy for our members”.

The JPF head pointed out further that all the parties involved in the development of this Policy focused on ensuring an affordable policy for all members.

CEO of Excel, Ingrid W. Munroe in explaining that the new Group Life Insurance is designed to ensure peace of mind for the JPF member and their families, noted that records will show that the job of a police officer not just in Jamaica but worldwide, is hard and dangerous, and places them in constant danger. 

The new policy is ready for activation and covers benefits in both Jamaican and US denominated currency and is a protected against devaluation of the Jamaican dollar.

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