South African life insurers paid R298 billion in claims during the first half of 2024, remaining financially robust despite high payouts, with concern over policy lapses due to economic pressures.
The article addresses common misconceptions about insurance that often discourage people from purchasing coverage. It debunks myths like insurance being too expensive or unnecessary for young people, explaining the importance of understanding insurance policies and seeking professional guidance to make informed financial decisions.
This article explores specialized insurance solutions tailored for high-net-worth individuals (HNWIs) in Nigeria. It covers asset protection, liability coverage, personal security, estate planning, business insurance, and cross-border risks. It emphasizes the importance of customized policies to meet the complex needs of HNWIs and ensure their financial security.
This article provides a comparative analysis of key insurance products available in Nigeria, examining their features, coverage, and target audiences. It highlights the differences between various types of insurance, such as life, health, motor, property, and more, to help policyholders make informed decisions tailored to their needs.
This article explains the concept of insurable interest in Nigerian insurance, highlighting its importance in preventing fraud and ensuring legitimate claims. It covers what insurable interest is, its types, and its application in life, property, motor, and business insurance, as well as its legal framework and challenges.
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