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Chuks Udo Okonta
Coronation Life Assurance Limited has showcased savings-linked insurance products that the public can leverage to secure confidence for their future.
The underwriter in a webinar with the theme: Protection Against the Unexpected: How Confident are you about the Future?, which paraded experts from different sectors, projected affordable insurance products that aid savings for the future.
Head, Underwriting Life, Coronation Life Assurance Limited, Kenneth Essu, said the firm has robust savings-linked insurance products such as term assurance; life insurance, annuity; loss of job; group life amongst others.
He called on the public to consult Coronation Life Assurance for their financial plan, adding that expert guidance is highly necessary in structuring a formidable financial plan.
He charged the public to leverage insurance products to determine the kind of wealth they anticipate for the future.
Registrar/Chief Executive Officer, Chartered Insurance Institute of Nigeria (CIIN) Mrs. Abimbola Tiamiyu, implored the public to leverage life insurance products to save for the future, whilst calling for prudence in managing available funds.
He urged the public to desist from living on loans, but use insurance to save towards their needs.
She also called for engagement of financial planners, stating that life insurers are experts in helping people plan their future with little funds.
The Keynote Founder, Africa Insurtech Lab (A.I.L), Speaker, Dr. Tunde Salako, charged insurers to follow trends especially embedded product drive that is fast changing insurance dynamics.
He also submitted that technology has continued to advance insurance, stating that insurance companies can never migrate to the new world of business without leveraging digital innovations such as artificial intelligence, internet of things and more.
He also called for robust awareness, stressing that continuous education would help stem the issue of trust deficit in the industry.
Director, Life Operations, African Reinsurance Corporation, Chris Saigbe, charged insurance firms to evolve products that would endear younger generation to Insurance, stressing that there is an urgent need for more personalised insurance products.
He called for flexibility in proxduct development and that products should be tailored towards meeting consumers’ needs.
The interactive and conversational event was moderated by Wole Famurewa, CNBC Africa Anchor.
The webinar series constitute an integral component of the company’s thought leadership initiatives, designed to provide relevant insights to both corporate and individual clients.
The webinar, the firm said aims to educate, inform, and empower entrepreneurs and business owners with the knowledge and tools required to navigate the uncertainties of life confidently.
It noted that given that human capital is the most valuable asset of any business organisation, this event seeks to emphasize the importance of financial resilience, planning, and various protection strategies that go beyond specific insurance products.
The primary objective of the webinar, the insurer noted is to position Coronation Life Assurance Limited as a comprehensive partner in safeguarding the financial well-being of individuals and families. To that end, we offer a suite of products aligned with this commitment, including Life Insurance, Term Life Insurance, Whole Life Insurance, Critical Illness Insurance, Annuities, and more. The ultimate goal is to promote financial security and stability for our clients, regardless of the uncertainties of life, the insurer posited.
According to the firm, the overarching objectives of the event are to promote Coronation Life Assurance’s products, expand the client mailing list, bolster brand visibility and reputation, and position Coronation Life Assurance as a thought leader in the financial services sector.
