In the business world, every agreement is bound by a legal contract which is mostly enforceable in the court of law. The contract protects the interest of the two parties. It ensures that they both succumb to the terms earlier agreed at the point of signing. More so, an indemnity clause is one of the […]
Principles of Insurance
The purpose of getting yourself insured is to guarantee compensation for specified loss, damage, illness, or death. It is therefore important to get yourself saddled up enough to face any eventualities. And, when doing this, you must ensure to do it right. That is where the principles of insurance come in Unfortunately, many people dabble […]
How to start Insurance companies in Nigeria
Insurance is an important part of our daily activities. This is because we live in a world full of uncertainties. For this reason, people need insurance coverage to protect themselves, their families, businesses, and properties. This makes owning insurance companies or business a very good one, majorly because it does not depend on the economy […]
Minimum share capital for insurance companies in Nigeria
Although profitable, the business of insurance requires very huge capital, especially since they have to show they are financially reliable. The minimum share capital for insurance companies in Nigeria is set to a particular level, to ensure that the company is financially buoyant enough to handle claims. Therefore, this ensures that the company does not […]
A Web Platform for Loans and Credit Launches in Ghana
Loanspot Ghana is a leading credit and loans content platform in Ghana that focuses on consistent information on loans and credit industry. The platform is inviting visitors to explore its new web platform on different types of loans and credit in Ghana. It is important for everyone to get ahead with the right piece of […]
Funeral expenses insurance in Nigeria explained
The death of a loved one always comes with mixed emotions, with a larger portion of it being sadness. It is never an easy thing, and more often than not, everyone has to come to terms with the finances required to bury such a person. Therefore, this subject is a discussion that needs to be […]
Top Insurance Companies in Nigeria – 2024 Updated list
Finding the right insurance provider in Nigeria can be overwhelming. It could be that you are in need a of car, health, or life insurance, it is important to choose the specific insurance company that speaks to your needs. To make this easier for you, we have created a comprehensive list of insurance companies in […]
Insurance Bond in Nigeria explained
An Insurance bond in Nigeria is basically an investment instrument offered by life insurance companies. They are always in the form of long-term or whole life insurance policy. Insurance bond presents itself as the best option for investors who are looking to invest on a long-term basis. Additionally, it also comes in handy for investors […]
Transit insurance in Nigeria – What you should know
Transportation is one of the core pillars of the global economy, as goods have to move from one place to another. However, sadly, there is always the risk of an accident that could see you lose your valuables in minutes. Therefore, this is why transit insurance is important. Transit insurance in Nigeria is especially useful […]
Retiree life annuity in Nigeria Explained
The lifetime annuity act is one of the most recent insurance revisions made by the Nigerian government. A lifetime annuity is a different kind of retirement income that you purchase with your accumulated pension fund. Therefore, when you purchase a life annuity, it guarantees a regular income for life, after you retire. Retirement insurance is […]