INSURANCE
THE GUARDIAN, Monday, July 1, 2013
Law Union and Rock adopts e-payment premium remittance Union and Rock LnewAW Insurance Plc has adopted e-payment modes for policyholder as part of its drive to satisfy clients’ needs. In a statement on Friday, the payment modes are to enable clients pay easily and avoid the rigors previously associated with premium payments. The firm said the payment modes are Paydirect (in any bank branch), Quick teller (Interswitch), Point of Sale Terminals and Webpay. While pay direct offers a customer the chance to complete an insurance transaction in any bank nationwide, Law Union said quick teller on the other hand operates on a simple, easy-to-do step by step procedure that is self
explanatory. With this development, the customer can visit the website at www.quickteller.com/lawunionrock where details are keyed in and then follow through with the instructions. This payment mode, the firm explained, is for customers with existing policies. Also, in line with the cashless economy in operation in the country, the POS terminals will be placed in all its retail outlets nationwide. This will cater for both new and existing businesses. The firm also said that existing and new customers can buy insurance through the company’s e-commerce website, adding that this payment
mode is termed Webpay. With a mission to keep faith with those who will entrust their future into its hands and also be a socially responsible corporate citizen, Law Union and Rock Insurance has put in place an effective and functional customer service desk that renders services, which range from queries to enquiries. The firm said these efforts are geared towards creating more awareness about the customer service desk because it was poised to serve clients. Customers can now access the desk between 8. 00 am and 5.30 pm through these dedicated phone-lines 01 773 3662-4 and 01 774 2073.
Representative, Nigerian Council of Registered Insurance Brokers, Dimeji Adewole (left); immediate past president, Chartered Insurance Institute of Nigeria, Wole Adetimihin; Commissioner, Public Complaint Commission Abuja, Obunike Ohaegbu and Director, Transparent Protection Ltd, Sam Onyeka, during the formal launch of Transparent Protection Ltd in Abuja.
SA Life supports deepening insurance awareness ONCERNED about making C Nigerians across the different class divides know much about insurance and its important place in their lives, Standard Alliance (SA) Life Assurance Ltd, one of the nation’s frontline life underwriting companies, has picked the challenge of sponsoring a television programme anchored by Almond Finance and Wealth Report which is geared towards deepening awareness for insurance in Nigeria. This was disclosed at the weekend by the underwriting company’s Head of Corporate Communications, Mr. Nelson Egboboh, in a release, noting that the sponsorship of the programme
which is aired on MITV and Silverbird Television, both on local and DSTV channels every Sunday and Thursday respectively shall cover the next 13 weeks from the second week in June. According to him, “a situation where below two per cent of 160 million Nigerians subscribe to insurance is discouraging and unacceptable,” noting that “this is why programmes of this nature must be supported by insurance companies to help Nigerians come to grasp with the value of insurance in their lives and businesses.” According to the company’s spokesman, “we at Standard Alliance Life Assurance Ltd
believe that Nigeria with such a huge population ought to be the biggest market for insurers in Africa if only the people are fully aware of what they stand to benefit from subscribing to any applicable form of insurance.” Egboboh explained that the desire of the company to ensure that no form of losses suffered stop Nigerians from still living their lives fully and the need to enlighten the public on the crucial role insurance plays in the economic stability of any nation informed the organisation’s decision to throw its weight behind the insurance awareness deepening television programme.
WAICA elects Edu chairman of brokers’ forum HE West African Insurance T Companies Association (WAICA) has named a new chairman for its Brokers’ Forum. He is Mr. Rotimi Edu. According to a release issued by the Nigerian Council of Registered Insurance Brokers image-maker, Tope Adaramola, Edu was elected at the yearly confab of the West African regional body held in Sierra Leone, recently. With the appointment of the new chairman, who is currently a Governing Board member of the NCRIB, which prides itself as the largest insurance professional body
in West Africa, in terms of membership, insurance brokers would be able to synergise their efforts across the West Africa sub-region. Speaking after his election, Edu disclosed that part of his mandate of office is to see to it that insurance brokers operating in the West Africa subregion collaborate more effectively for business and professional advancement. Similarly, he stressed that the Brokers’ Forum would work with other professionals in the sub-region to accelerate their contributions to global economic develop-
ment. In a letter congratulatory letter signed by the President of the NCRIB, Barrister Laide Osijo, said the election has opened a new vista for insurance brokers with in the regional body and served as a mark of confidence reposed in Nigerian Insurance Brokers. She promised that the council will ensure that all support required of the new chairman and his team is given for the benefit of the insurance industry in West Africa.
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