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Chuks Udo Okonta
Do you know that the concept of insurance that enables you to have low premium big coverage is simply buying huge sums of money with just a token?
This concept makes insurance unique and different from other schemes.
As a regulated scheme, insurance entails a pool of funds which makes it easy for a token to be deployed in solving problems that require huge funds.
How insurance works
Imagine buying a third party motor insurance policy for N15,000, which would enable you to enjoy coverage of N3 million when you damage other people’s properties or inflict injuries on people.
Still on a token of N15,000, if somebody dies as a result of risk from you, insurance would pay based on the status of the individual. That’s why life coverage under a third party motor insurance is limitless.
On comprehensive motor insurance, you pay five per cent of the worth of the vehicle to secure it against theft, fire and other damages.
Aside, motor insurance policy, other policies like fire, accident, health, flood, burglary also come cheap.
With N8,000 you can secure an accident cover that provides up to N2.5 million.
Fire insurance cover is sold for N5,000.
Health insurance is sold for N15,000, giving you access to medical healthcare for a year.
Due to the huge financial benefits that accrue from insurance, wise people leverage it to protect and increase their wealth and fortune.
Don’t be left out, begin to buy huge funds with that token in your kitty.
