The Managing Director, Royal Exchange Prudential Life Plc, Mr. Polycarp Didam, has said the company paid about N1.072 billion as claims to policyholders between January and April 30, 2025.
According to statement released by the company, in December 2024, “ it paid total claims of #2.85Billion.
Commenting he said “We are committed to the satisfaction of customers and the insuring public with prompt settlement of claims as well as improved service delivery.
“We poised to address all outstanding claims swiftly, ensuring that policyholders and beneficiaries experience prompt claims payments.
Royal Exchange Prudential Life plc is licensed to underwrite life insurance and related risk. The company was acquired in 2022, incorporated as a limited liability company in Nigeria, and registered under the Companies and Allied Matters Act. The company became a subsidiary of Mediplan Holdings Limited, and the National Insurance Commission regulates it.
The MD/CEO came on board in February 2025.
