NAICOM endorses approval of four insurers to sell annuity

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Chuks Udo Okonta

The National Insurance Commission (NAICOM) says it is comfortable with the approval granted to four insurance companies to sell annuity.

Head, Corporate Affairs NAICOM, Rasaaq Salami, told Inspenonline that the four companies received the blessings of the commission.

The National Pension Commission (PenCom) has cleared Custodian Life Limited; FBNInsurance Limited; Leadway Assurance and ARM Life to sell annuity after they signed service level agreements with their Pension Fund Custodians (PFCs).

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