Insurance

Royal Exchange, others paid N234.6m to NNPC as group life claims

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Chuks Udo Okonta

Life insurance operators paid about N234.6 million as group life insurance claims to the Nigerian National Petroleum Corporation (NNPC) in 2014, Inspen can report.

According to a report by the Nigerian Insurers Association (NIA) the claims which were paid for the death of some staff of the corporation were settled by Royal Exchange Prudential Life Plc and four other firms.

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