Keeping your policy intact makes you eligible for all the benefits embedded in your insurance policy.
Read on to find out how to keep your policy active
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What Does Insurance Mean to the Average Nigerian?
As much as we hate tragedy, it’s an inevitable part of life. Sometimes you’re lucky to see the signs and take actions to avoid them but in most cases you’re 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 […]
Term Insurance: What You Need To Know
Introduction 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 the society. However, choosing the best insurance product is often dependent on a lot of […]
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, let’s take a look at a common example. Consider This – A logistics and Haulage company is insured and bonded. The insurance will only be able to protect the business from damages to […]
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 […]
Brief History of Insurance in Nigeria
Introduction There is a saying that goes “The greatest oak was once a little nut who held its ground”. Put more contextually, the growth of the greatest stories and brands of the world ties back to an origin. Evolution precedes even the greatest mythologies and medieval practices. The insurance industry in Nigeria similarly stems from […]
An Overview of The National Insurance Commission [NAICOM]
Introduction to, and History of NAICOM The National Insurance Commission, NAICOM regulates the practice and operations of Insurance in Nigeria. The Act of 1997 ensures the overall administration and supervision of the insurance business in Nigeria It is only customary that for every professional field, there is an established body that regulates its practice. For […]
List of Insurance Companies Listed on The Nigerian Stock Exchange
The Nigerian Stock Exchange [NSE] is the state’s financial body saddled with the responsibility of regulating stock trading and cash flow. The Securities Exchange Commission regulates the NSE. Since it began formal operations in 1961, The Nigerian Stock Exchange has since contributed to the growth of Nigeria’s economy through securities and stock trade. Here, we […]
5 Money-Saving Tips For Families
It’s overwhelming how we go through different phases of our lives with each phase bearing its responsibilities. One moment, you’re fending solely for yourself and in the twinkle of an eye, you have a family. One of these many responsibilities includes the burden of keeping up with your finances: You’re caught in the web of […]
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 […]