Kindly leave a comment and share Chuks Udo Okonta Insurance policyholders who seek benefits beyond claims payment, should look toward Hilal Takaful Nigeria Limited, which offers cashback from surplus recorded in a year to insured that didn’t make a claim. Takaful is a type of Islamic insurance wherein members contribute […]
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How you enjoy latent insurance cover from motorists
Kindly leave a comment and share Chuks Udo Okonta Do you know that your life and properties have a latent insurance protection secured through motor insurance? According to the law, insurance of motor vehicles against the risk of liability for injury to, or death of, third parties caused by the […]
How insurance saved Omotolani from anguish, replaces his badly accidented car
Tope Adaramola There is no point saying the obvious that “town is bad” as we often say in street lingo. To feed for many Nigerians is hard, talk less of replacing a precious lost property. Just like many Nigerians, young and upwardly mobile Ogunsanya Motolani was hesitant yielding to the […]
Driving without motor insurance earns you one-year imprisonment
Kindly leave a comment and share Chuks Udo Okonta Are you aware that according to the Nigerian Insurance Act of 2003, any driver caught driving without an auto insurance can receive a fine of up to N250,000 and/or imprisonment for about 1 year? In Nigeria, the insurance of motor vehicles […]
Sovereign Trust Insurance spokesman bags FRSC Celebrity Special Marshal status
The Head of Corporate Communications & Investor Relations of Sovereign Trust Insurance Plc, Segun Bankole has been nominated as Federal Road Safety Corps (FRSC) Celebrity Special Marshal. This was disclosed when executives of FRSC visited Sovereign Trust Insurance Plc in Lagos. The visit, Inspenonline gathered was in connection with the […]
Contributory Pension Scheme records 10.01m RSA holders
Kindly leave a comment and share Chuks Udo Okonta The Contributory Pension Scheme (CPS) has recorded N10.01 million Retirement Savings Account (RSA) holders as at the end of June, 2023. National Pension Commission (PenCom) stated this in its unaudited report on pension funds industry portfolio for the period ended June […]
How you express love with third party motor insurance policy
Kindly leave a comment and share Chuks Udo Okonta All holy books teach about love. The Bible says we should love our neighbours as ourselves. The principles of third party motor insurance policy, clearly depict how motorists can actually show love to their neighbours, as it is the only insurance […]
Exposing State Governments’ Status of Implementation of CPS For Their Employees Part 5
By Ivor Takor We have been exposing State Governments’ status of implementation of the Contributory Pension Scheme (CPS) in alphabetical order. Today we will be exposing the status of implementations of Cross River, Delta and Ebonyi States. CROSS RIVER Cross River state CPS Bill 2021 is still undergoing legislative process. […]
South Korean electric vehicle insurance business jumps by 53%
Kindly leave a comment and share The compound annual growth rate (CAGR) of insured electric vehicles (EVs) was 59.3 per cent between 2018 and 2022, while the total number of insured vehicles under personal motor insurance grew by 2.7% annually on average over the same period, says Korean Re in […]
Kenya’s demand for actuarial talent expected to increase
Kindly leave a comment and share The demand for actuaries in Kenya is projected to expand following the implementation of the International Financial Reporting Standard 17 (IFRS 17), the Insurance Regulatory Authority (IRA) has said. Titus Osero, senior manager, of actuarial services at the IRA, says the number of actuaries […]