By Rosemary Onuoha
Anchor Insurance coverage Firm Restricted has paid out N957 million as claims to deserving policyholders as on the finish of October this yr.
The corporate’s Managing Director, Mr. Ebose Augustine, disclosed this whereas talking with journalists in Lagos lately.
Augustine acknowledged that assembly prospects’ real claims’ requests including that doing so inside a specified time restrict have been elements of the practices Anchor Insurance coverage was identified for. He mentioned: “And we take unrepentant satisfaction in assembly our promise of placing smiles again on the faces of our policyholders at any time when the danger insured in opposition to crystallizes.”
Giving a breakdown of the claims paid in line with the courses of insurance coverage, Mr. Ebose mentioned N204.three million was paid to affected prospects underneath the oil and gasoline class, N197.5 million was paid underneath basic accident, N197.four million was paid underneath motor insurance coverage, N108.6 million was paid underneath the lack of employment insurance coverage scheme and N89.1 million was paid to these affected underneath the engineering class.
In line with him, others included marine insurance coverage the place affected claimants obtained N63.2 million, fireplace class was N33.1 million and bonds N27.7 million respectively.
He mentioned: “Our greatest commercial is the well timed processing and spiritual settlement of claims. The corporate was solely residing as much as its motto, “…the place insurance coverage works.”
He additional disclosed that the COVID-19 pandemic affected companies and lives which gave rise to excessive instances of claims calls for on insurers.
He famous that “We at Anchor Insurance coverage had our personal fair proportion of the report of the declare, particularly the lack of employment insurance coverage scheme however we had been equal to the duty as the first responsibility of any insurance coverage firm is to pay claims.”