People lose their life savings; accidents happen, people die prematurely and, if you happen to be the sole breadwinner in the family and have any of these experiences, they could have devastating consequences for your loved ones. The worst-case scenario is that your loved ones may no longer maintain their standard of living.
5 Ways to Keep Your Insurance Policy Active
Every business demands a subscriber make timely payment to continue enjoying the services provided; Insurance companies are no exception
Read on to know more.
Comprehensive VS Third-Party Car Insurance in Nigeria
Please note that there are several other types of car insurance policies available in the market. Each with its specific coverage level and add-ons options. You can customize your car insurance coverage according to the budget, extend the cover to the person driving it, and so on – when purchasing your car insurance policy.
6 Ways Insurance Protects You
Life throws the unexpected at us. While we usually can’t prevent these things from occurring, we can opt to give our lives a bit of protection. Insurance provides us with some measure of protection, at least financially, should a disaster happen.
Who Qualifies To Be The Beneficiary On A Life Insurance Policy?
Other than the Life Insurance Policy, the question of naming a beneficiary is generic – cutting across all insurance types. Just before we examine how naming a beneficiary works or who’s worth it, it is quite customary that we define the term. Who is a Life Insurance Beneficiary? A life insurance beneficiary is one who […]
7 Ways Coronavirus Could Affect Insurance In Nigeria
As a policyholder, this is also the time to go through your insurance policy contract thoroughly – find out what it covers and what it doesn’t cover to avoid any challenges during claim processing and also to guide your actions during this trying period.
What is Health Insurance? Meaning, Types, The Best Policies, and How It Works
A lot of times, we do not plan for inevitable health failures that arise. We honestly do not spend enough time talking about the importance of health insurance is in our lives. Inasmuch as we all positively except to be healthy most of the time, life is generally unpredictable. The older you get, the more […]
Insurance Premium and How it Works in Nigeria
We all know insurance costs money. However, a term that is often new when you first start buying insurance is regarded as ‘premium.’ Here, we discuss the basics to help you understand what an insurance premium is and how it works in Nigeria. What Is an Insurance Premium? An insurance premium is the amount of […]
Term Insurance: What is it and how does it work?
We all live in a time of risks. The need to have an insurance policy to deal with these risks and uncertainties is very important. There are many insurance products out there designed to suit the general needs of society. However, choosing the best insurance product is often dependent on a lot of factors. What […]
Surety Insurance or Surety Bonds? Everything You Need To Know About Sureties
Many people have always used the term SURETY INSURANCE which is an inaccurate term to refer to SURETY BONDS. To understand these, you need to understand the concept of Insurance Bond. let’s take a look at a common example of SURETY BONDS Consider This – A logistics and Haulage company is insured and bonded. The […]