NSIA Insurance commemorates world savings day, harps on benefits of newly launched products

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Chuks Udo Okonta

NSIA Insurance Limited joined the industry to promote financial literacy and better finance management practices, in commemoration of World Savings Day 2021.

A statement by the firm’s Manager, Brands & Corporate Communications, Sylvia​ OGALA, said this served as an opportunity to reiterate the need for individual savings and investment ventures as a means to cushion the effects of today’s economic realities.

This year’s theme: Understanding the Importance of Savings, she noted aligned with NSIA Insurance’s uniquely tailored savings/investment products guaranteed to bring value to their customers.

NSIA Savings Plan offers prospective policyholders a vehicle through which they can accumulate funds to meet future needs, she submitted.

NSIA Deferred Annuity Plan, she said provides a sustainable means through which policyholders can save towards a regular income in retirement. It also serves as an opportunity to convert lump sums into regular income at retirement (i.e. pension).

She stated that NSIA Investment Linked Plan poses an opportunity for prospective policyholders to accumulate funds over a short period of time to meet future needs. The product is managed through a dedicated investment account into which your contributions and attractive interests are credited.

According to her, NSIA Endowment Assurance Plan fulfills two needs – life insurance protection against early death during the chosen term of cover and savings towards a lump sum at the end of the term.

NSIA Anticipated Endowment Plan is a unique product that provides a combination of life insurance protection and savings in a flexible manner.

NSIA Education Endowment Plan serves as a vehicle for saving towards future education of the children. The policy also supports the child in the event of early death of the parent.

The Managing Director/CEO of NSIA Insurance, Ebelechukwu Nwachukwu, said: “I commend all the institutions and individuals that have joined in the commemoration of this year’s World Savings Day.

“The importance of saving money is simple: It allows you to enjoy greater security in your life, and this is what we hope to help you achieve at NSIA Insurance.

“It is also vital that we encourage parents to imbibe the savings culture in their children by teaching them how to save.”

NSIA Insurance Limited is a first-class composite insurance company driven by Integrity, Care, Innovation and Professionalism.

It has its Head Office in Lagos, with a strong regional presence in Abuja and an extensive network in strategic States across the Country.

NSIA Insurance offers a wide range of insurance services at competitive rates to meet the changing financial, investment, and lifestyle needs of its corporate, commercial, and individual customers.

NSIA Insurance Limited (Nigeria) is part of NSIA Participations, which is currently present in 12 African countries; Benin, Cameroon, Congo, Côte d’Ivoire, Gabon, Ghana, Guinea, Guinea Bissau, Mali, Nigeria, Senegal and Togo.

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