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TOP INSURANCE COMPANIES IN NIGERIA; SETTLES CLAIMS OF N150BN

TOP INSURANCE COMPANIES IN NIGERIA; SETTLES CLAIMS OF N150BN

Insurance is one of the biggest financial services and the biggest insurance companies are at the top of their game. We all need insurance in some point of our lives. 

Insurance is to live a happy and healthy life without worries of the future gnawing at us. And, these companies provide the much-needed assurance of solace from those never-ending worries and stress. 

Insurance as a concept has been there however, it is in the modern times that the concept has evolved and diversified and big firms have come into play. Now you can get covers for life risk or accident risk, along with the risk involved in a business that could cause severe implications to your wealth. 

To ensure the future prosperity of families, life insurances have become the norm these days. And, companies are coming up with more personalised policies to suit individual needs and preferences. 

READ ALSO; NATIONAL HOUSING SCHEME: LAGOS TO PROVIDE MASS LAND FOR HOUSING CONSTRUCTION

Newlyweds and new house owners, looking to start a family should definitely be surveying the best and the biggest insurance companies in Nigeria and choose suitable policies for themselves and can also take a look at our other list of claims paying companies. 

While this lasts, life insurance companies operate in legacy planning, health insuring firms provides cover of medical costs and health emergencies. 

Non-life, otherwise known as general insurers, operate in providing protection and replacement of value of property or other assets, such as cars or vehicles. 

According to our records, no fewer than10 Insurers have paid out over N150billion Compensation to policyholders in between 2018 and the first quarter of 2021. 

The companies, both life and non-life insurers made the mark in claims settlement to drive home the message that they are always there for the insuring public when the chips are down. 

The companies are Leadway Assurance Company Limited, African Alliance Insurance Plc; Linkage Assurance Plc; and Universal Insurance Plc which made the last list of ‘Best Claims Paying Insurers’ paid out over N37.469billion. 

Daily Independent noted that with their strong financial disposition the firms have been able to live upto their billings in terms of meeting their primary obligations to their policyholders paying claims as at when due, an indication that the companies, have the strength to meet all other financial obligations both internal and external. 

According to DAILY INDEPENDENT checks, the 10 firms paid out the total sum of N150billion in Claims between 2018 and Q 1 2021. 

Adopted from DAILY INDEPENDENT

Written by T.I Ukende

T.I Ukende is a professional writer and ICT consultant. He has written many evergreen articles for Benuecast blog, classicgist, ellabase and many others before birthing the newsway blog.
Newsway delivers well researched and undiluted information on business, employment opportunities, personal finance and government empowerments.

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