Kindly leave a comment and share Chuks Udo Okonta The National Insurance Commission (NAICOM) in collaboration with the Nigerian Insurers Association (NIA) Accounting Technical Committee (ATC) are charting ways on how to ensure IFRS 17 is implemented effectively. At a one-day interactive session with key stakeholders on IFRS 17 implementation […]
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Pension lump sum is not 25% of RSA balance
Kindly leave a comment and share Chuks Udo Okonta The public belief that Contributory Pension Scheme (CPS) lump sum paid to retirees is 25 per cent of their Retirement Savings Account (RSA) balance is not true. CPS lump sum is not determined by percentage, but achieved through a unique device […]
Why RSA balance above one third of minimum wage can’t be fully access in retirement
Kindly leave a comment and share Chuks Udo Okonta The Contributory Pension Scheme (CPS) on a daily basis is attacked by people who want the policies governing the system to suit their personal interest, not minding whether the interest of others are protected. One of the groups of agitators, believe […]
African Alliance reaffirms commitments to paying valid claims, settles N1.1bn in 2024
Kindly leave a comment and share African Alliance, a stalwart with over 63 years of expertise in the life assurance sector, is presently charting a course to illuminate the lives of both shareholders and customers alike. In a resounding affirmation, the Managing Director of the winner of the 2022 “Claims […]
Former CFI, Eugene Okwor to be buried April 12, 2024
Premium Pension launches PRIMA to boost clients’ engagements
Kindly leave a comment and share Chuks Udo Okonta Premium Pension Limited, one of the Nigeria’s leading Pension Fund Administrators, has announced the deployment of the Premium Interactive Member Assistant (PRIMA) on WhatsApp, Telegram and various social media platforms to enhance interactions with customers. A statement by the firm’s Head, […]
Insurers lose billion of naira to poor KYC on motor business
Kindly leave a comment and share Chuks Udo Okonta Insurance operators’ inability to effectively know their motor insurance customers is costing them huge premium loss, Inspenonline can report. According to experts, having complete data of motor insurance policyholders would enable insurers communicate directly and also sell other policies to them, […]
NCRIB implores govt to tackle insecurity, food scarcity
Kindly leave a comment and share Chuks Udo Okonta The Nigerian Council of Registered Insurance Brokers (NCRIB) has asked the federal and state governments to tackle challenges of insecurity and food scarcity bedeviling the country. The President of NCRIB Babatunde Oguntade, disclosed this today at the February Edition of NCRIB […]
FG transfers PTAD to Ministry of Finance
Kindly leave a comment and share Chuks Udo Okonta The Pension Transitional Arrangement Directorate (PTAD) is to be scrapped and functions transferred to the Federal Ministry of Finance. This part of the decision reached by Nigerian Government during the Federal Executive Council (FEC) meeting held yesterday Monday in Abuja. The […]
Stanbic IBTC Bank rewards 70 active customers with N100,000 each
Kindly leave a comment and share Chuks Udo Okonta Stanbic IBTC Bank, in its ongoing Reward4Saving Promo, rewarded 70 additional customers in the January draw, which brings the total number of beneficiaries to 1,424 since the inception of the promo in 2021. The Reward4Saving Promo was created to foster disciplined […]