Insurance pays quartet’s loans

 AN insurance company has paid the outstanding loans of four of the 11 victims of a fatal car accident last month in Wewak.

The four had outstanding loans totalling K20,000 with TISA Savings and Loans Society which were paid off by the Capital Insurance group last Friday. 

Managing director Phillip Tolley said the insurance company had an agreement with TISA for many years. 

“TISA members are covered with loan protection,” Tolley said. 

“We had this agreement for many years now. Our thoughts and prayers are with the grieving relatives of the victims and we also pass our sincere condolences to the families of the four as well.”

TISA chief executive officer Micahel O’Koisen said since the loans had been repaid, the next of kin of the four could claim their savings from TISA.