Insurance World

Heirs Life Gets Lagos State Approval To Underwrite Annuity Business

BY NKECHI NAECHE-ESEZOBOR–Following its impressive service delivery, Digital Insurance firm, Heirs Life Assurance Limited, has received approval from Lagos State Government to underwrite annuity business in the state.

Managing Director/CEO, Heirs Insurance Life, Niyi Onifade disclosed this today during a media parley with insurance journalists in its head office that the approval was as a result of the confidence the state government has in the company.

He noted that the life assurance firm is playing big in annuity business and are ready to do more.

He said the company has introduced Heirs annuity plan which is aimed at retirees who wants pension for life.

The life boss assured that the newly launched underwriting firm is bringing simplicity and affordable products to the market.

Also Acting Managing Director, Heirs General Insurance Limited, Dr. Adaobi Nwakuche, said “because we are customer centric company, we want to make sure our customers comes first in the business.We treat them like queens and kings, from the point of doing the business and to the point of claims.”

On products she said both companies have simple and affordable products in market.
On how it was achieved she said “we paid careful attention to the needs of every customer across all the social circles while building our products.

“We are pleased to say that we have simple and affordable insurance plans for everyone and we are confident that with the support of the media, we will deliver on our promise of excellent service delivery to the public.”

Heirs Insurance Limited (HIL), the general insurer, with the mandate to protect people’s properties, and specialist life insurance company, Heirs Life Assurance Limited (HLA), with a vision to provide financial security and life insurance plans for people, are positioned to become the leading Nigerian insurers leveraging digital to provide simple, quick, reliable, and accessible insurance to individuals and businesses.

With paid-up share capitals of N10billion and N8billion respectively, HIL and HLA commenced full operations with a workforce of astute and experienced professionals, and a robust financial capacity to underwrite all classes of general and life insurance businesses.  The companies are supported by top-notch Reinsurers to provide second-layer security for clients’ insurance portfolios.​ Both companies are subsidiaries of Heirs Holdings, a pan-African investment group with presence across twenty-three countries worldwide.


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