Are you aware of the 5 kinds of insurance policies every Nigerian should have? Whilst protecting one’s assets comes to mind, the Federal Government of Nigeria has made a few insurance policies a must have for every individual and business in the country.
The compulsory packages come with benefits, hence making every Naira dropped worth it. Safeguarding one’s finances and possessions is key in insurance. We should not forget though hope, it is only wise to have options that is capable of re-living hopes that might have been dashed by the hurdles of life.
Below are policies for insurance in Nigeria:
5 kinds of insurance policies every Nigerian should have
With direct reference to Health Care Professional Indemnity, we should note that every health care provider which consists of registered government and private practitioners gets this form of insurance that will protect their patients in a case of medical accidents due to professional negligence.
Every car owner in Nigeria should be conversant with the Motor Third Party Insurance. It guards the safety of road users. It is therefore expedient for every automobile owner must get a car insurance before driving on public roads. Car insurance is compulsory for every Nigerian with an automobile to get this kind of policy.
Every employer of labour with over five employers must get a life insurance policy on each of the employers. In a well-regulated organisation, all employees should have an annual speculated compensation in both private and public sectors.
No one really knows what tomorrow holds. Either life turns out ugly or not, the disability insurance ensures one’s financial lifestyle is stable. Accidents or illness that can stop one from working can occur, this insurance policy comes handy when that support is needed. It is an investment which comes in varying options; it serves for temporary, permanent or partial disability.
Building a house takes time, money and will power but destroying a house can come in a flash, unexpected, leaving the owners bereaved. To avoid such mishaps caused by negligence, it is wise to insure your building, properties and other housing appliances you want to cover. Even in areas of construction, the lives of sites workers also matters. Hen the owner of a construction of over two floors must take on the insurance policy that will safeguard the lives of his/her workers.
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