The Nigerian Insurers Association (NIA) plans to adopt digital tracking for insurance claims to enhance transparency, reduce disputes, and improve customer satisfaction, aiming to modernize and standardize claims processing.
This article explains how to choose the right excess level for your insurance policy, highlighting key factors like personal finances, policy value, claim frequency, and premium impact. It provides a balanced approach to selecting the appropriate excess while weighing the pros and cons of both high and low excess levels.
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