Saar  Insurance Company Wound Deepens

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-As More Revelations Pop Up

Following the publication of an article entitled, Saar Insurance Defrauds Clients,  many revelations have come to light of how the company continues to abuse their own policy against ten of thousands  of civil servants  from various agencies and ministries across the country.

Members of Civil Servants from many ministries have suffered from this company’s bad policy to the extent that they are  appealing to the government to have the company changed before this year ends and  give back the money they have been cutting from them.

Saar has managed to enter into double deals with most of the government employees, as they provide general insurance services to every employee at the   Ministry of Health, Education amongst others with  a special contract, to provide private insurance services to some of the same employees under their Endowment Insurance policy which is completely turning to mess.

Speaking to some of the victims on record,  the Registrar of the Special Project Public School, Madam Fatu Blamah explained how  difficult and tedious it’s to obtain just a medical slip for their family members from Saar Insurance  even though their insurance policy covers the medical aspect monthly for three dependants including the principal applicant. 

“We have complained about this to our DEOs and CEOs and we can’t see any change. We that are from MOE, the policy 

says that three members   of our family’s,including us the principal applicants, are to go to hospital at least one  term a month, but when we are sick, we don’t even have the opportunity to go to hospital one time. 

Madam Blamah joined other civil servants who are calling on the government to terminate the insurance agreement between them and Saar and place them on a better Insurance company as soon as possible  if the  government is in the interest of the civil servants.

Due to Saar bad policy,  inability and incapacity to perform,  the company has lost the Monrovia Consolidated School System (MCSS) contract  in less than three years to Secure Risks Insurance Company. 

Accordingly to Matilda Newport Jr. High School’s Principal, Mr. L. Victor W. Goaneh,   they  had the worst experience under Saar which prompted them  to request  their head to terminate the contract.

“We left Saar this  gone February because they were not treating us well.

Just imagine,  We have over 30 Teachers and each of them are entitled to four medical slips  every month, but Saar used to send us 25 slips per month while they were  receiving their regular insurance fees from our salaries. We were so dissatisfied, we had to leave and join Secure Risks Insurance Company ”, Principal Goaneh explained to journalists.

Investigation on  SAAR Insurance company  indicates  that   the company is a bogus and   lawless institution carrying out clandestine operations at the expense of poor public workers in Liberia violating  ARTICLE 11: of their own ANTICIPATED ENDOWMENT CLAUSE which states that “the anticipated endowment is an insurance plan which provides that the sum of insured is paid to the insurer in installment after every five years 25% 10 years 25% and 15 years 50%”.

In more revelations,  documents in our possession reveal  that  more health workers  are now   victims of Saar tragic insurance services across the country.

The Officer In Charge (OIC) of the Owen Groove Clinic in Grand Bassa County, Nurse Louise T. Gausi  who joined the company’s Endowment Insurance policy along  with some of her colleagues in October 2018  and anticipated  payback in October 2023 are victims of SAAR  financial malpractice.

Louise who is depositing L$2010.00 (Two Thousand Ten Liberian Dollars) each month for 15 years in an agreement to receive 25% of her benefits  after every five years has fallen victim since the five years elapsed in October last year.

The worst of all is another  health worker from Grand Bassa County, Watta Sheriff  who entered into the Endorsement Insurance policy with the company since July 2018 in an agreement to receive her 25% benefits for the first five years in July 2023 but yet to receive a dime from the bogus Saar Insurance Endorsement Insurance. 

At the same time, the   company entered  into an agreement with some of the  clients to pay in Liberian Dollars but   SAAR is  receiving a portion of their clients  insurance fees  in US Dollars  which is a total violation per their agreement,  Lofa County borders patrol commander of the Liberia Immigration Service only identified as Kollie confirmed this.

Kollie has paid for six years seven months but faces  SAAR financial malpractice  wrath as he is yet to receive his first five years payback.

In their policy agreement, SAAR  received  LD$ 2010.00 two thousand ten Liberia dollars while some are paying below and others are even paying above  monthly from about 20,000 subscribers in the public sector and agreed to pay back 25% of the total sum after every five years in their fifteen years  Endowment Insurance agreement.

When questioned about these discrepancies, a SAAR staff member, only identified as Mr. Dicks, admitted to exploiting the policy but attempted to deflect blame onto the 2019 harmonization policy. However, many subscribers, who include low-ranking government officials, refute any correlation between their situation and the harmonization policy.

Speaking to the company’s Deputy Managing Director, Mr. Philip T. Cooper on the phone number  0776443529,  he  threatens to sue any  journalist who carries such   story against his company.

The actions of SAAR Insurance have sparked outrage among its clients, who are now considering legal recourse to reclaim their rightful benefits. The prospect of potential legal action has heightened tensions, with clients expressing their willingness to resort to endless protests to demand justice.

As the victims of SAAR Insurance’s fraudulent practices continue to suffer, it is imperative for regulatory authorities to intervene swiftly and decisively. The exploitation of public workers by unscrupulous entities cannot be tolerated, and those responsible must be held accountable for their actions. Only through robust oversight and enforcement of regulations can such abuses be prevented in the future, safeguarding the welfare and financial security of all citizens.

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