Common mistakes in insurance Buying Insurance – Itâs always a weird phase between âAm I getting scammed?â and âI know this is a necessityâ especially buying insurance in Nigeria Insurance agents probably have the sweetest mouths – itâs honestly a toss-up between them and Nigerian men (but we digress), so honestly, the feeling of mild […]
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Do You Need Marine Insurance in Nigeria?
Marine Insurance: Meaning and Coverage Regarded as the oldest form of insurance, Marine Insurance provides cover for damages caused to ships and the cargo carried in them. This insurance policy helps to mitigate risks in the event of piracy or accidents like natural hazards. It is a safe haven for shipowners, transporters and shipping corporations […]
Social health insurance – What you need to know
Insurance is one of the largely under-tapped industries in Nigeria, although that is quickly changing in recent times. A subsidiary, social health insurance, is very important in a country, as it helps protect the average citizen, providing health care coverage. However, it is not very common today and is largely limited to the working class […]
Good In Transit Insurance
Goods in transit insurance can secure your products that are in transit if something tragic happens to them. This plan is for you if your firm includes the road transportation of substantial amounts of goods. Such enterprises frequently carry substantial risks since expensive commodities are vulnerable to theft, accident, and fire damage. Distribution firms, corporate […]
Why You Need Insurance and What It Can Do For You
Whether you’re a recent college graduate, a stay-at-home parent, or someone who never got around to it, you’ve probably thought about purchasing an insurance policy in recent years. You may have thought that they’re out of your price range, or you don’t need one since nothing wrong ever happens to you. However, the truth is […]
Nigerian Social Insurance Trust Fund
The Nigerian Social Insurance Trust Fund (NSITF) is a government agency that is responsible for the administration and management of the country’s social insurance program. This program provides financial protection to Nigerian workers in the event of unemployment, old age, disability, or death. One of the main goals of the NSITF is to promote social […]
Leadway Health Insurance
Depending on the type of health insurance coverage a person has, either the insured pays costs out of pocket and receives reimbursement, or the insurer makes payments directly to the provider. In countries without universal healthcare coverage, such as the United States, health insurance is commonly included in employer benefit packages. Here is all you […]
What Does Insurance Mean to the Average Nigerian?
As much as we hate tragedy, itâs an inevitable part of life. Sometimes youâre lucky to see the signs and take actions to avoid them but in most cases youâre not. They happen and leave you with sad memories, huge losses and regrets. If you accept that reality then you can plan right to avoid […]
Top 10 Car Insurance Companies in Nigeria (2023 updated)
Vehicles are a handy item in todayâs world, especially since they offer you all the comfort youâd ever need regarding transportation. However, things can easily go south, as there are a thousand and one things that could happen when you set off on your trip. From road accidents leading to minor scratch to a driver […]
Car Insurance with no down payment in Nigeria
Owning a car is expensive. According to insurance experts, Nigerian car insurance companies charge between 3%- 7% of the value of your car annually. This estimate is an amount that some car owners don’t have upfront. However, you can handle this problem by opting for car insurance with no down payment. Here’s all you need […]