AIICO Insurance coverage Plc has unveiled its ‘AIICO All-in-One Monetary Safety,’ designed to deal with longstanding monetary vulnerabilities confronted by Nigeria’s smallholder farmers, rural households and underserved populations within the nation.
Reacting to this growth, the pinnacle of Digital Advertising & Communication, AIICO Insurance coverage Plc, Mr Segun Olalandu, mentioned the revealing occurred following an intensive countrywide engagement tour throughout Ibadan, Kano, and Calabar.
He famous that, for many years, hundreds of thousands of hardworking Nigerians within the casual sector; market merchants, smallholder farmers, artisans, transporters, and micro-entrepreneurs have remained uncovered to huge monetary shocks. A single sickness, accident or emergency can erode years of financial savings, destabilise households, and push households deeper into poverty and with out structured retirement assist, many additionally face the chance of hardship after their energetic working years, he pressured.
AIICO’s All-in-One Monetary Safety, he famous, is a direct response to those socio-economic realities.
Supported by AIICO’s worldwide companions, LeapFrog Investments (UK) and the European Funding Financial institution (EIB), the answer combines three important covers into one accessible and reasonably priced bundle.
Premiums have been deliberately structured to be reasonably priced for low-income earners, with annual charges ranging from N800 for Private Accident and N5, 000 for Hospital Encashment. Deferred Annuity contributions stay versatile and are decided by the shopper’s age, chosen annuity stage, gender, and most well-liked graduation date.
Talking on the launch, AIICO’s managing director/CEO, Mr. Babatunde Fajemirokun, reaffirmed the corporate’s dedication to increasing insurance coverage penetration and strengthening monetary inclusion throughout Nigeria.
“We now have adopted a grassroots technique, conducting enlightenment campaigns in Ibadan, Kano, and Calabar, and our interactions with these communities have supplied beneficial insights into their challenges and aspirations.
“The AIICO All-in-One Monetary Safety is our promise of assist to Nigeria’s smallholder farmers and casual workforce, making certain that sickness, accident, or emergency doesn’t erode years of onerous work. This innovation brings safety and peace of thoughts to the hardworking people who kind the spine of our economic system, “he famous.
Additionally talking on the unveiling, govt director, Technical, Adewale Kadri, expressed gratitude to the leaders, associations, and farmers who warmly welcomed the product throughout the engagement excursions.
“We’re deeply appreciative of the standard leaders, neighborhood heads, farmer teams, and value-chain gamers who obtained us throughout Ibadan, Kano, and Calabar. Their encouragement, insights, and enthusiasm reaffirmed that this product is well timed and actually wanted,” he famous.
The brand new product is anticipated to function a major catalyst in closing Nigeria’s safety hole and driving insurance coverage adoption, particularly in rural and semi-urban communities the place penetration stays extraordinarily low.
Leadway Pensure Leverages Improvements For High quality Service Supply
A Pension Fund Administrator (PFA), Leadway Pensure mentioned, it’s leveraging innovation to escalate high quality service supply to its retirement financial savings account (RSA) holders.
This milestone marks 20 years of belief, distinctive service supply, and worth creation because it celebrates its anniversary. It highlights twenty years of dedication to defending the monetary wellness of Nigerian staff.
Over the past 20 years, the PFA has served 1000’s of consumers throughout Nigeria and past, standing as a transparent testomony to its dedication to offering monetary stability at varied levels of staff’ profession journeys.
Talking on this outstanding achievement, MD/CEO, Leadway Pensure PFA, Olusakin Labeodan, said that: “As we have a good time 20 years of Leadway Pensure PFA, this milestone is greater than a celebration of longevity, it’s a tribute to belief, service and innovation. From the very starting, our mission has been very clear, to ship a pension system with out barriersOver twenty years, we’ve remodeled this imaginative and prescient into actuality by simplifying pension entry, embracing cutting-edge expertise, and making certain our providers are at all times inside attain. With a nationwide presence, a sturdy cellular platform, and the AI-powered assistant LISA, we’ve made pension providers accessible to eligible Nigerians.
“We now have supported numerous prospects in attaining life objectives, from retirement to residence possession, by making certain entry, readability and care at each step. It is a testomony to the robust relationships and legacy we’ve constructed with each buyer. Belief is on the coronary heart of our service, propelling us to uphold world-class requirements and incomes us international certifications equivalent to ISO/IEC 27001:2022 for data safety, a mark of our unwavering dedication to safeguarding our prospects’ funds. ”
.Trying forward, the corporate mentioned, it’s dedicated to selling youth-focused monetary literacy, rising private pension plans and strengthening buyer engagement throughout each stage of the pension journey.
“The following years and past will probably be formed by the identical dedication that introduced us this far, a future-forward mindset, a tradition of excellence, and an unyielding promise to face by our prospects each step of the best way,” Olusakin concluded.
Because it commemorates 20 years of service, Leadway Pensure reaffirms its dedication to simplifying retirement planning, delivering constant worth, and driving monetary inclusion throughout Nigeria.
