insurance and pension news
Sunday, March 9, 2025
Kindly leave a comment and share Chuks Udo Okonta Heirs Insurance Group, comprising Heirs General Insurance (HGI) and Heirs Life Assurance (HLA), announced a record-high 226 per cent jump in Gross Written Premium (GWP), from N6.1bn in 2021 to N19.9 billion for the financial year ended December 31, 2022. With […]
Kindly leave a comment and share Sanlam General Insurance, a subsidiary of Sanlam Life Insurance and member of the Sanlam Pan African group, has opened a new Sales Outlet at 2, Wemco Road, Agidingbi, Ikeja, Lagos to particularly aid ease of access to her motor insurance plans. A statement by […]
Kindly leave a comment and share Chuks Udo Okonta Premium Pension Limited, said it has successfully paid N216.863 million to 14 Retirement Savings Account (RSA) holders who have applied to access 25 per cent of their pension savings as equity contributions for residential mortgage A statement by the firm’s Head, […]
Kindly leave a comment and share Chuks Udo Okonta One thing common among rich people is the fear of falling into poverty. This is why most of them don’t joke with insurance, which serves as a means to prevent poverty. From interactions with some well to do individuals, I observed […]
Kindly leave a comment and share Chuks Udo Okonta There are fears over the future of Nigeria’s insurance agency network, as available data revealed that about 8,300 agents have left the industry in recent time. Data obtained from the website of Nigerian Insurers Association (NIA) showed that before now the […]
Kindly leave a comment and share The Nigeria Civil Aviation Authority (NCAA), on Wednesday, suspended the operations of XeJet over alleged fake insurance certificate. A letter referenced, NCAA/DGCAIGC/8/16/628, titled; Notice of Suspension of the Air Transport License (ATL) and Air Operators Certificate (AOC) EXJETJAOC/01-22/00, signed by the Director General, NCAA, […]
Kindly leave a comment and share Chuks Udo Okonta Many people believe they can manage their risks, hence don’t consider insurance in their financial plan. This belief is known as self insurance. The concept of self insurance has led many people into poverty and even death as they were unable […]
Kindly leave a comment and share Chuks Udo Okonta The Nigerian Council of Registered Insurance Brokers (NCRIB) has set Thursday, October 19, 2023 for investiture of its incoming President Prince Babatunde Oguntade. The President of NCRIB, Rotimi Edu, said this yesterday at the August 2023 Edition of NCRIB Members’ Evening […]
Kindly leave a comment and share Chuks Udo Okonta The National Pension Commission (PenCom) has given employers with incomplete remittance documentations till December 31, 2023 to provide their Pension Fund Administrators (PFAs) requisite information to facilitate the crediting of pension contributions into the employees RSAs or face regulatory actions. PenCom […]
Kindly leave a comment and share Chuks Udo Okonta Many workers at the point of retirement get trapped in dilemma of choosing either annuity or programmed withdrawal as best monthly benefits payments. But recent events in the country have shown that both have limitations. Owing to the emerging limitations occasioned […]
