Bancassurance is the selling of life assurance and other insurance products and services by banking institutions.
Below is Bancassurance Salary In Ghana
A person working in Banking in Ghana typically earns around 5,510 GHS per month. Salaries range from 1,730 GHS (lowest average) to 11,300 GHS (highest average, the actual maximum salary is higher).
This is the average monthly salary including housing, transport, and other benefits. Salaries vary drastically between different Banking careers. If you are interested in the salary of a particular job, see below for salaries for specific job titles.
Salaries for specific jobs
| Job Title | Average Salary |
| AML Analyst | 7,620 GHS |
| Assistant Bank Branch Manager | 6,340 GHS |
| Assistant Bank Manager | 8,430 GHS |
| ATM Manager | 6,990 GHS |
| ATM Service Technician | 1,890 GHS |
What is the role of bancassurance?
Bancassurance refers to an agreement between banks and insurance companies.
In bancassurance, insurance companies sell their products through the bank’s outlet.
It can benefit banks and insurance companies, as well as customers.
What are bancassurance and its benefits?
Improved Profitability & Non-interest Fee Income
In Bancassurance models, banks can easily generate risk-free income in the form of commissions from insurance carriers.
Multiple studies have been done in Ghana bancassurance context to prove its positive impact on the bank’s profitability.
What are the types of bancassurance?
Life insurance. Term insurance plans (with accidental and death claims) Endowment plans.
Unit Linked Insurance Plans (ULIPs)
Non-Life insurance. Health insurance.
Marine insurance (for cargo shipments) Property insurance (against natural calamities).