Kindly leave a comment and share Chuks Udo Okonta Conducting ‘Know Your Insurer’ (KYI) before buying policies has become necessary owing to soaring compliant from policyholders on delay and denial of claims and lack of after sales service. In conducting KYI it is necessary a prospective policyholder research on the […]
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How cheap motor insurance policy can harm you
Kindly leave a comment and share Chuks Udo Okonta Most insurance policyholders want policies sold below the approved rates, which unknown to them are fake. Having a fake insurance policy amounts to having no cover and there are consequences holding an ordinary paper with hope of having a claim when […]
Shareholders decry hawking of motor insurance policies in licensing offices
Kindly leave a comment and share Chuks Udo Okonta Shareholders have condemned the hawking of cheap insurance policies in licensing offices, calling on National Insurance Commission (NAICOM) and Nigerian Insurers Association (NIA) to swiftly move to stem the menace. The Coordinator Emeritus, Independent Shareholders Association of Nigeria (ISAN) Sir. Sunny […]
What to do when insurance company delay or refuse your claims
* Ensure your claim is genuine * Call the insurance company * Visit the company * Inform your lawyer * Engage services of claims management firms * Report to the media * Report to the insurers association complaints bureau * Report to the insurance industry regulator
Cornerstone Insurance posts N22.25bn gross premium written, pays 6kobo dividend
* GMD Ganiyu Musa to retire soon Kindly leave a comment and share Chuks Udo Okonta Cornerstone Insurance Plc has said despite the many challenges that the environment presented in year 2022, it recorded a Gross Premium Written (GPW) of N22.25 billion representing an increase of six per cent over […]
90% of insurance agents lack structured retirement plan
Kindly leave a comment and share Chuks Udo Okonta Inadequate motivation of insurance agents by underwriting firms remains one of the clogs to growth of the sector, which over 9,000 agents out of the 10,000 registered professionals are without structured retirement plan. Investigation by Inspenonline revealed that presently, only three […]
Aside Police let me go, other benefits of third party motor insurance
Kindly leave a comment and share Chuks Udo Okonta Most vehicle owners in Nigeria buy third party motor insurance policies just to avoid Police disturbance not knowing that the N15,000 premium paid gives them access to many more benefits. Benefits from N15,000 third party motor insurance policy. * Avoidance of […]
Unique insurance products NMSMEs owners need for business survival
Kindly leave a comment and share Chuks Udo Okonta Insurance remains one of the best tools to mitigate risks. Therefore, Nano and Macro Small Medium Enterprises (NMSMEs) owners need insurance to keep their businesses going. In this article, Inspenonline has identified unique insurance policies required by these set of business […]
Police warn of rise in bogus insurance claims as people turn to fraud amid cost of living pressures
Press releases The City of London Police’s Insurance Fraud Enforcement Department (IFED) is urging the public to know the risks associated with committing insurance fraud, after reported cases of opportunistic fraud from March 2022 to April 2023 rose by 61 per cent from the previous period. Opportunistic insurance fraud occurs […]
Hallmark HMO saves lives, sustains partnership with LUTH on blood donation
Kindly leave a comment and share Chuks Udo Okonta Hallmark Health Service Limited (Hallmark HMO, a subsidiary of Consolidated Hallmark Insurance Plc) has sustained the annual blood donation partnership with the Lagos University Teaching Hospital (LUTH) to beef up the blood bank of the foremost tertiary health institution. The 2023 […]