Insurance

NCRIB Lagos Area Committee advances insurance culture by awarding policies, laptops, phones to outstanding students

From left: Chairman Nigerian Council of Registered Insurance Brokers Lagos Area Committee, Ademola Olutusin; President Chartered Insurance Institute of Nigeria, Edwin Igbiti presenting gifts to winners of quiz competition organised by the Area at the event.

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Chuks Udo Okonta

The Nigerian Council of Registered Insurance Brokers (NCRIB) Lagos Area Committee has elevated insurance awareness by rewarding outstanding students from its recently held secondary schools quiz competition with one year School Care Insurance Policy, laptops, text books and phones.

The students, who came with their parents and teachers were celebrated at the NCRIB Lagos Area Committee 20th anniversary celebration, annual general meeting and 2023 end of year lecture today in Lagos.

The Chairman NCRIB Lagos Area Committee, Ademola Olutusin, speaking at the event said the insurance awareness campaign and award for outstanding students shall continue on a yearly basis and shall be extended to institutions of higher learning.

He submitted that the Area Committee is in discussion with various secondary schools and Lagos State Government on the provision of teachers to take insurance lessons in order to have insurance in Lagos State curriculum, stressing that the discussion is at the last stages and hopefully insurance will be written in West African Examination Council (WAEC) in the next exams.

Presentation of laptops to winners of the quiz competition at the event.

He said the Committee is also in talks with schools concerning the inception of insurance clubs which shall give the students an appetite for insurance.
He also eulogized the founding fathers of the the Area Committee for laying a strong foundation on which the Committee stands on today.

He promised to sustain and improve on the legacies entrenched by his predecessors to ensure the Area Committee remains at the top.

President of NCRIB Babatunde Oguntade, who was the 5th Chairman of the Area Committee, appreciated God for the heights attained by the Committee since it was established 20 years ago.

He commended the present leadership of the Committee for the feats achieved and also applauded the past executives of the Committee for the innovative initiatives, collaborative spirit and selflessness that laid the foundation of the achievements for which the Committee proudly celebrates today.

Founding fathers of the NCRIB were celebrated at the events with awards of excellence for their contributions to the broking fraternity.

NCRIB Lagos Area Committee is in partnership with Insurfeel Initiative promoters of donation of free insurance policies to outstanding students and individuals in the society.

The partnership would enables deserving students enjoy free insurance protection on personal accident while in school, on vacation and anywhere within Nigeria and also provides payment of school fees to the named beneficiaries of the insured parent/ guardian in event of the following occuring: Permanent disability resulting from an accident and death – whether by accident or natural means

Olutusin, said the Area Committee is committed to enhancing education and safety of students, adding that the partnership would impact lives of students, the insurance industry and by extension the nation.

According to him, the initiative would also enable the students understand and feel the touch and benefits of insurance which remains the best tools to mitigate risks.

He said the Area Committee has adopted quiz competitions amongst schools as a means to introduce students to Insurance early in their life

Insurfeel Initiative

The Promoter Insurfeel Initiative Chuks Udo Okonta, said the partnership is part of the advocacy strategy of the initiative, stressing that the advocacy strategy entails partnering organisations; associations and groups to adopt donation of free insurance policies to the uninsured.

He noted that Insurfeel Initiative presently donates two unique insurance policies – School Care Cover and Uni Personal Accident Cover to individuals who have never had much experience on insurance for them to feel how insurance works.

He implored organisations, associations and group especially within the insurance sector to embrace the initiative and use it to offer insurance products as souvenir to the public as against donating of products from other sectors, whilst complaining that insurance penetration is low.

According to him, Insurfeel Initiative has recently donated free insurance policies to members of the public and is committed to donate more even as it promotes the advocacy strategy to get individuals; organisations; associations groups to also make donations.

Insurfeel an initiative developed by the Publisher of Inspenonline, Chuks Udo Okonta, was designed in line with – ‘The Suya Seller Strategy’ – which entails tasting before buying. It stemmed from a research conducted which showed that people who have had positive experience on how insurance works seem to believe and easily embraced the system. This research therefore, necessitates the need to extend insurance experience to more people so as to deepen insurance penetration, provide safety and enhance insurance industry’s profitability.

Insurfeel is targeted towards specific individuals, such as; Students in secondary schools, teachers and people with distinct impact on lives and the society. They would be selected due to their outstanding performance and contributions to human growth.

The initiative is opened to people committed to philanthropy. It is my belief that insurance remains one of the best instruments to fight poverty and make the society a comfortable place for Mankind.

Through Insurfeel, organisation can by means of Corporate Social Responsibility (CRS) donate insurance policies as souvenir and gifts to deserving members of the public.

Groups such as Non Governmental organisations (NGO) committed to improved wellbeing of the citizenry should leverage Insurfeel to assist the need mitigate their risks.

Insurance companies should leverage Insurfeel to donate their products as against the present trend where products from other sectors are donated to the public.

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