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Pension

PenCom bars pension operators from doing business with service providers, vendors defaulting on contributions, remittance

Kindly leave a comment and share Chuks Udo Okonta The National Pension Commission (PenCom) in furtherance of ongoing efforts to expand coverage of the Contributory Pension Scheme (CPS), has issued a new directive to all Licensed Pension Fund Operators (LPFOs), comprising Pension Fund Administrators PFAs) and Pension Fund Custodians (PFCs) […]

Insurance

When policyholders may reject insurers prayers

Kindly leave a comment and share Chuks Udo Okonta When your insurance company prays that you will have a claim, don’t say amen, without considering the consequences. You should understand that claims are paid when policyholders suffer loses. As no reasonable person would wish to suffer loses on treasured assets, […]

Insurance

SanlamAllianz Nigerian integration sparks industry buzz

Kindly leave a Comment and share Two of the biggest names in global and African non-banking finance and insurance services, Sanlam and Allianz, have sparked speculation in Nigeria’s insurance industry following a wave of coordinated digital communication activities indicating an imminent completion of the expected merger of the operations in […]

Insurance

Life insurance explained: Why staying the course matters more than early withdrawal

Kindly leave a Comment and share In response to recent media inquiries highlighting common misconceptions around savings elements within life insurance policies, Babajide Osopale, Head, Retail Life Technical at AIICO Insurance Plc, offers clarity on frequently misunderstood aspects – particularly around the early termination of long-term life insurance products. In […]