AIICO Insurance Plc, a leading Nigerian insurance company, has announced that its Annuity product is making a significant impact on the lives of its customers by providing financial stability during retirement. The company currently disburses N1.3 billion each month to its annuity customers, ensuring they receive a guaranteed income stream for their retirement years.
This commitment to financial security is reflected in the growing number of annuity customers, driven by both new acquisitions and referrals from satisfied policyholders. Samuel Ogunremi, a long-time customer since 2012, shared his positive experience, stating, “I have been getting my retirement money every month without disappointment. AIICO has never let me down, and I am happy to recommend them to others.”
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Similarly, Mrs. Ayetunde Aiso, a former civil servant, praised AIICO for its reliable service. “Ever since I signed up for AIICO’s Annuity, I have always received my payments on time, with no delays or issues. This peace of mind is invaluable, and I have no problem recommending AIICO to anyone seeking a peaceful retirement.”
Mr. Gbenga Ilori, Executive Director and Head of Retail Business at AIICO, emphasized the company’s dedication to addressing the need for financial stability in retirement. “Our Annuity product is designed to provide our customers with peace of mind through guaranteed monthly payouts for life. We are proud to support their financial journeys.”
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AIICO’s robust financial standing and exceptional customer service underpin its confidence in the annuity market’s potential. The company’s strategic acquisitions, including the annuity portfolios of Royal Exchange Assurance and Tangerine Africa, have further expanded its reach and enhanced its offerings. Mr. Babatunde Fajemirokun, Managing Director/CEO of AIICO, highlighted the significance of these acquisitions, stating, “Integrating Tangerine Africa’s annuity portfolio strengthens our offerings and allows us to provide greater financial stability and peace of mind to our policyholders.”
With a 60-year history of delivering quality service, AIICO Insurance continues to be a leading provider of life and general insurance, health insurance, and investment management services in Nigeria, dedicated to creating and protecting wealth for individuals, families, and corporate customers.
