Obasanjo endorses Anchor Insurance AnchorLoEIS product

From left: Deputy General Manager, Enterprise Risk Management, Anchor Insurance, Augustine Inegbenehi; Managing Director Designate, Augustine Ebose; Former President, Chief Olusegun Obasanjo, General Manager, Retail & Micro-Insurance, Uzoma Ofurum and Regional Manager, South-West, Phillips Olowoporoku at the event.

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Chuks Udo Okonta

Former President Olusegun Obasanjo has thrown his weight behind by endorsing one of the flagship products of Anchor Insurance Company Limited – Anchor Loss of Employment Insurance Scheme (AnchorLoEIS).

Obasanjo endorsed the product during a courtesy visit paid by the company’s Management to him at the Olusegun Obasanjo Presidential Library in Abeokuta, Ogun State.

The firm’s Head, Brand & Corporate Communications; Jamiu Osoba, said this in a statement to journalists, adding that while introducing the members of the delegation, the General Manager, Retail and Micro Insurance, Uzoma Ofurum introduced the innovative insurance product from the Company to the former President.

He noted that seeking to know the benefits of this unique insurance product, the former President was informed that the product was developed to cushion the effect of sudden loss of employment with the payment of salary income to policy holder for 24 months after loss of job.

Having been made aware of the product’s benefits, the former president thereafter endorsed Anchor Loss of Employment Insurance Scheme (AnchorLoEIS). He said he will be in the fore front of the product’s promotion and advised all Nigerians and indeed the employed to take this insurance policy and enjoy its benefits as a protection in the event of a job loss.

He thanked Anchor Insurance for the innovation and encouraged the company to develop new innovations especially insurance policy for the elderly and unemployed.
In a related development, Anchor Insurance has partner with the Olusegun Obasanjo Presidential Library on its OOPL Wildlife Park (WLP) “Adopt an Animal” programme by adopting a Lion tagged “Anchor Lion” in the Wildlife.With this partnership, the company has created the opportunity to contribute to the conversation of local animal species and encourage their reproduction and preservation of wildlife which in its stead will further encourage local tourism.

President Olusegun Obasanjo while receiving the delegation, announced to the delegation the plan to insure the animals in the Wildlife Park against the third party liabilities as it is essential to protect the visitors to the park from any unanticipated eventualities.

He stated further, “Just in case somebody puts his hand in a lion cage or a lion breaks out. It is very important to have insurance despite all the barricades and cages we have in the park.”

The leader of the delegation, Executive Director, Business Development & Marketing, Augustine Ebose, thanked the former president for meeting with the team and most importantly for the sanity he brought to the financial industry through recapitalization and the local content act enacted during his administration.

“Insurance industry was undertaken by foreign underwriters on behalf of the local insurance companies due to lack of financial capacity before recapitalization and enactment of local content law during your administration; but the local content act brought an uprise to the industry; therefore we are now underwriting about 75 per cent of local content. As one of the major service delivery companies in the Insurance industry, we want to thank you for this because we are your product,” he declared.

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