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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 […]
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 […]
Business interruption insurance in Nigeria
The nature of running a business is such that it is unpredictable with lots of different outcomes each day. Also, although you could read market indications and predict possible outcomes, you can’t exactly plan for civil unrest or disaster. Sadly, when these things happen, you lose money the more it stays unresolved. However, the best […]
Aviation insurance in Nigeria – What you should know
Aviation insurance is one of the most valuable types of insurance due to the risk associated with flights. When there is a crash, many times, goods and all passengers are lost in the unfortunate incidence, leaving you both at a loss of money and lives. With aviation insurance, you can secure your valuables when transporting […]
Types of insurance companies you should know
There are many top-quality insurance companies in Nigeria, with their different specialities in the industry. However, we can more accurately capture them according to their different areas of focus. In this article, you would find out the types of insurance companies in Nigeria, based on their categories. Types of insurance companies in Nigeria Their coverage […]
How to enforce and legalize insurance contract in Nigeria
Insurance is the legal way of transferring risk from one party to another. It involves an agreement between three parties (including the agent), wherein they transact, and exchange premium for coverage. However, due to the nature of the industry, insurance contracts are legal and binding and can be enforced in case of defaulters. Also, the […]
Insurance Associations you Should Know in Nigeria
Insurance is a very important aspect of any economy to the citizens of the country, especially in their personal and business life. However, it is necessary that we put certain regulation bodies and associations in place to guide insurance transactions. These bodies ensure the enforcement of rules and regulations guiding insurance and also look out […]