This article explores why insurance remains unpopular in Nigeria despite its benefits. Factors include dependence on divine protection, lack of trust in insurance companies, economic constraints, limited awareness and education, unfamiliarity with insurance products, and complex processes. The industry is working to address these challenges.
AIICO Insurance Plc surpasses N200 billion in claims payments over five years, demonstrating strong commitment to customer satisfaction and financial security. The milestone underscores AIICO’s excellence in claims management and future plans for enhanced efficiency.
A Group Life Insurance contract covers the Members of a particular group. The group could be employees, members of a club, society, association, etc. It provides financial compensation in the
Life insurance is often misunderstood as a product that only provides benefits in the event of death. However, it can also be a valuable savings tool for the living. In
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