Leadway Assurance Company limited recently launched a mobile insurance office. The MD/CEO Leadway Assurance, Oye Hassan-Odukale, represented by Executive Director, General Business, Adetola Adegbayi said the launching of the mobile office is a testament to the company’s goal of bringing risk protection and insurance education closer to the man on the street in Nigeria.
According to him, the insurance industry has huge potential to positively impact the Nigerian economy. He however, noted that the industry is still way behind other financial and service sectors; contributing about 0.3% to the Nigerian Gross Domestic Product (GDP).
Notwithstanding a population of over 180 million people about a third of which are within the insurable class, Nigeria is said to have about 5 million registered policyholders. This lack of density shows how largely untapped the Nigerian market is and the huge opportunities available to increase insurance uptake and the number of policyholders nationwide, Adegbayi said.
The Leadway Mobile Office allows Nigerians to purchase micro-insurance products such as “Home Flexa” – which offers comprehensive personal/shop insurance coverage protection for home and belongings, including shops, personal accident and funeral expenses at just about N13,000 annually.
Other products available on the Mobile Office include the Leadway “Hospital Cash Plan” which provides the benefits for hospitalization from accidental injuries or illness for as low as N7,000 annually.
The team will also sell the Leadway Third Party Vehicle Liability Insurance, Basic Life and Life investment linked assurance and other Leadway retail insurance policies.
The launch which was held at the Leadway Assurance Corporate Office, Iponri, Lagos, kick-starts the activation events which will not only sell insurance products but also engage and educate the public on the need to insure their risks, ensuring happiness and peace of mind.
