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Chuks Udo Okonta
With less than five per cent of fringe shareholders having insurance policies, insurers have been called to utilise opportunities provided by Annual General Meetings (AGM) to educate and market their products.
The Managing Director Lancelot Ventures Limited and former Secretary, Independent Shareholders Association of Nigeria (ISAN) Adebayo Adeleke, said this while speaking on the need for shareholders to buy policies offered by their insurance companies.
He decried the poor knowledge on essence of insurance amongst shareholders, laying the blame on insurance companies as they fail to utilise the annual general meetings, which do attract many shareholders to talk about their products.
According to him insurers at annual general meetings do give safety tips on the event venue but fail to create time to talk about their products.
He submitted that only big players in shareholding business understand the essence of leveraging insurance to create wealth and protect lives and properties.
He said his association – ISAN, is changing the trend as it has provided a group life insurance cover for members and is presently working on provision of health insurance for them too.
