Insurance

Insurance

How to share risks, profit with takaful insurance

Kindly leave a comment and share Chuks Udo Okonta Lovers of insurance who often complained of not getting cash back after years of no claims, can find succour in takaful insurance that allows risks and profits sharing by Policyholders. Takaful is a form of Islamic insurance, and ii is different […]

Insurance

Growing insurance premium with deferred annuity

Kindly leave a comment and share Chuks Udo Okonta The insurance industry would have earned more than the N726.2 billion it recorded in 2022, if all available opportunities were explored, of which deferred annuity is one. Since part of pension business was removed from the insurance industry and its asset […]

Insurance

Why wise people buy insurance

Kindly leave a comment and share Chuks Udo Okonta It takes wisdom to identify imminent risk and provide means to mitigate it. The holy book in Proverbs 22:3 says: “A prudent man foresees the evil, and hides himself: but the simple pass on, and are punished.” From the above quote, […]

Insurance

Benefits of enhanced third party motor insurance

Kindly leave a comment and share Chuks Udo Okonta As third party motor insurance policy only covers against third party/person liability, it is also necessary to protect yourself against risks from incidences, especially now that inflation has shut the cost of things above the rooftop. Most insurance companies now offer […]