-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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