Connect with us

Insurance

Mutual Benefits Canvasses Focus On Retail Insurance

Published

on

 

The management of Mutual Benefits Assurance Plc haa advocated a holistic focus on the retail insurance business, as part of efforts to deepen the level of insurance penetration in Nigeria.

The management of made case for retail business when the executive members of the National Association of Insurance and Pension Correspondents (NAIPCO) paid them a courtesy visit in Lagos.

The company’s managing director, Femi Asenuga, said that the level of insurance penetration in the country is still an eyesore when compared to the huge population of the country, believing that, it is high time underwriters begin to focus more on grassroots through retail insurance businesses.

He stated that a huge underbanked and unbanked Nigerians exist in the informal sector, pointing out that the insurance firms can leverage on this, to bring them into the financial service space.

This, according to him, has been the ultimate goal of Mutual Benefits right from inception, a development that has made the firm a reference point for investors and stakeholders in the area of micro insurance.

He said ” we are restless when it comes to insuring the underserved and unserved Nigerians with financial solutions in the area of risk business in the country.

“We have become a reference point in retail business in the country and we are a reference point for investors.”

On product development, he said: “we are restless when it comes to product development. Years ago, we got approval for 36 products; this has never been done by any company in Nigeria.”

He assured that the company is not tired because there are still much to be covered.

He urged the media to keep the good work of deepening insurance awareness and sensitisation through informed and qualitative reporting, promising that, the firm was ready to assist the association in this regards.

Similarly, the managing director, Mutual Benefits Life Assurance Limited, Ademola Ifagbayi, promised that the underwriting firm will continue to piortise its claims obligations, stating that, the firm had paid several billions of naira in claims in recent years, which was a testament of its fidelity.

He called on Nigerians to patronise the firm for their insurance business, even as the company had invested in technology to continue to serve customers better and wherever they are.

While speaking earlier, the chairman, NAIPCO, Chuks Okonta, highlighted the plans of the association, which include: the bi-annual NAIPCO Journal, Annual National Conference, Product Profiling, Advert to News Initiative, among others.

He said all these initiatives were tilted towards raising insurance awareness, calling for support of the assurance firms on these initiatives.

Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Insurance

Published

on

By

How to to Play for Free Slot Machines

If you’re new to the world of slot machines, you may be wondering how to learn how to play for free on slot machines. You can try a variety of games on various websites for free. This will allow you to get familiar with the different reels and system. There are a variety of websites that allow you to play for free. Often, the free versions of these games are similar to the real. You can also use player reviews to identify which games are most enjoyable.

The autoplay feature allows you to set the number of spins automatically. You can choose to play a specific number of rounds, a specific balance, or even infinite play. This feature is perfect for gamblers who want to play for a long time. This is a major improvement on the old days where each round had to be conducted manually. In addition to that the majority of free slot machines have bonus rounds. You can also use the autoplay feature to lower your bets if you have won a certain amount in one game.

There are additional benefits to playing slot machines for free. You can enjoy the graphics and games, particularly if time is not a problem. They are also free and can be used to practice for real money. The software should be smooth and the graphics should be crisp and easy to read. You’ll need to find a reliable website that offers free slots. It is also important to select one that offers many games to play.

It is a great way for you to get started playing by downloading free slot machines. Some of them have progressive jackpots which increase as more people lose money. These are the most frequent types of casino games in the past, and lots of people prefer to play these games to have fun. The biggest jackpots are the best, so make sure you select one that meets your requirements and budget. This will ensure that you enjoy a an enjoyable and thrilling experience.

Free slots are offered in a myriad of themes and genres. You could spend hours browsing various types of slots for free to find the right game for you. In contrast to real money, these games don’t come with universal rules that can be used to determine how they should be played. They are also extremely popular with those who love to play casino games. By following a few simple rules, you can begin playing to have enjoyment. This is the enbet güncel giriş only way to have the most enjoyment.

You don’t have to download the best free slots. This means that you can play them on any device. They should be compatible with mobile devices and desktop computers. You should also check for viruses and malware. If you’re looking to play online slots, be sure to verify that they’re compatible with your computer. It’s easy to play online slots with your smartphone or tablet. Be sure to select a reliable and safe internet connection.

For those new to the world of casinos, free slot machines are a popular choice. These games can be used to teach you the fundamentals of the game, so long as you don’t intend to play for real cash. It is also possible to earn real money when you play to have fun. You don’t need to download software or spend any money to play. This will allow you to choose which slot machine to play.

There are also bonus casino games aside from the free slots. While you don’t have to pay for access to them, you should be aware of the terms and conditions and be sure to read them thoroughly. A casino might provide a bonus which can be claimed. You may need to deposit money in order to get these bonuses, but it’s worth to try them out first. These games aren’t as effective as the real thing.

Many places offer free slots machines. These games can be played on your mobile via Google Play and Apple’s App Store. You can also play free slot games on your computer or mobile browser. You can find a variety of games that are popular on these websites. Be sure to study the rules before casibom güncel adres playing for real money. Keep in mind that not all states consider online gambling legal. So, always make sure you go through the terms and conditions prior to betting.

Continue Reading

Business

SanlamAllianz Organises Roadshow To Deepen Insurance Awareness

Published

on

By

By Sola Alabadan

SanlamAllianz, formed from the merger of Allianz and Sanlam, will begin 12-city nationwide roadshow on June 23, following the brand’s recent official introduction to the Nigerian market.
The campaign, which will take place in Lagos, Ibadan, Akure, Warri, Port Harcourt, Uyo, Onitsha, Enugu, Owerri, Kano, Jos, and Abuja, is part of the company’s strategic effort to deepen customer engagement, and raise awareness about the brand and insurance.
It is also intended to demonstrate the company’s commitment to making wealth creation and financial protection capabilities more accessible to individuals and businesses in the country.
Speaking on this initiative, Tunde Mimiko, MD/CEO of SanlamAllianz Life Insurance, said: “This nationwide campaign signals the scale of our ambition and the depth of our commitment to the Nigerian market. At the heart of insurance is trust, and trust begins with presence. Reaching customers where they are is fundamental to how we are building SanlamAllianz.
“This roadshow is a strategic move to bridge the gap between perception and reality, allowing us to engage directly with our customers and Nigerians in general, challenge long-held misconceptions, and position insurance as a practical tool for thriving in financial confidence, building resilience and long-term financial security.”
As part of the roadshow, SanlamAllianz will hold customer engagement forums in each of the 12 cities. The in-person sessions allow customers to interact directly with the company’s leadership and frontline teams. The forums aim to reconnect with customers under the unified brand and reaffirm its long-term commitment to the local market.
“Insurance only becomes relevant when it is understood, trusted, and connected to the realities people face,” said Yomi Onifade, MD/CEO of SanlamAllianz General Insurance.
“These forums are our way of reintroducing SanlamAllianz not just as a merged entity, but as a unified brand committed to showing up for Nigerians. We are creating a platform for real conversations — to listen, address concerns, and deepen understanding. This is how SanlamAllianz intends to lead, by listening actively, showing up with solutions, and shaping a future where insurance is truly embedded in the fabric of everyday Nigerian life,” he added.
By adopting a city-by-city physical rollout, SanlamAllianz Nigeria is positioning itself as one of the few players actively investing in deeper grassroots engagement toward deepening insurance penetration in Nigeria.

Continue Reading

Business

NAICOM, OHCSF Move To Ensure Workers Benefit From Group Life Assurance

Published

on

By

By Sola Alabadan

In order to equip civil servants with knowledge and tools to effectively manage and benefit from the Group Life Assurance Policy, the National Insurance Commission (NAICOM) and the Office of the Head of the Civil Service of the Federation (OHCSF) recently organised a capacity-building workshop on the compulsory insurance policy in Abuja.

Section 9(3) of the Pension Reform Act 2014 mandates employers to maintain a Group Life Assurance policy for their employees, with a benefit of at least three times the employee’s annual total emolument.

The workshop brought together stakeholders from government ministries, departments, and agencies to enhance understanding and implementation of the policy.

In her opening remarks, Mrs. Didi Esther Walson-Jack, Head of the Civil Service of the Federation, represented by Mrs. Oyekunle Patience, emphasised the importance of insurance in safeguarding public servants’ welfare and ensuring financial security for their families. She commended President Bola Tinubu for renewing the annuity policy and applauded NAICOM for initiating the training.

The Commissioner for Insurance, Mr. Olusegun Omosehin, represented by Mr. Ekerete Ola Gam-Ikon, Deputy Commissioner for Finance and Administration, expressed appreciation for the collaboration and assured participants of NAICOM’s commitment to transparency and accountability in policy implementation.

The workshop aimed to equip civil servants with knowledge and tools to effectively manage and benefit from the Group Life Assurance Policy, a critical component of the Federal Government’s welfare package.
The event marked a significant step in strengthening life insurance policy implementation across the federal civil service, reinforcing the government’s dedication to employee well-being.

Continue Reading