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Insurance Not Luxury But A Necessity For Every Nigerian – CIIN

Mr Eddie Efekoha, the President of Chartered Insurance Institute of Nigeria (CIIN), on Monday expressed happiness on ways product creation in insurance industry is having positive impacts on Nigerian lives.

A pair of glasses on a health insurance policy claim form. This photograph is taken with a cool blue light and a shallow depth of field. The reading glasses rest on the numerous forms one must fill out for health insurance. “Insurance Policy” reads clear and big across the document.

Efekoha told News Agency of Nigeria (NAN) in Lagos that insurance products were now having direct positive impacts on lives of average Nigerians.

“There are products and services tailored for everyone no matter which side of life they find themselves,” the CIIN president said.

He said that insurance was essential to provide cover for all eventualities in life, stressing that unexpected incidences often distabilised Nigerians because they lacked insurance policies.

“Moreover, nobody knows the day of his or her death and it would be disastrous for anyone to leave dependents without benefits.

“Insurance is the foundation for any wise financial planning,” he said.

Efekoha said that any doubting Nigerian should now engage the services of insurance brokers for professional advice and would be convinced by prompt payment of claims.

“For instance over N76 billion insurance claims were paid in 2014, close to N90 billion claims were paid in 2015 and over N105 billion claims paid in 2016.” {The Guardian}.

SOURCE: ooreporters.com


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