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Unitrust Insurance Delights Policyholders With N1.4bn Claims Payment In 9 Months

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John Ijerheime MD/CEO

BY NKECHI NAECHE-ESEZOBOR— Lead insurer, Unitrust Insurance Company Limited has continued to rekindled hope amongst policyholders, who suffered losses, as it paid a total of N1.4 billion claims to them from January to September, 2022.

The company in a statement to BusinessToday Online, said is committed to prompt claims settlement to it’s policyholders.

Commenting on its claims policy, Chief Marketing Officer Mr. Dele Oyetunji, noted that a significant number of customers appreciates the role Unitrust plays in underwriting their insurance risks.

“Claims payment is a very important responsibility because our major focus is to ensure that our customers enjoy the benefits of taking all forms of insurance with Unitrust Insurance.”

The Managing Director Mr John Ijerheime, also said ‘We also understand the importance the National insurance Commission (NAICOM), places in claims payment.” In 2021 Q3 we paid a total of N 1,094,964,131.42 but as of September Q3 2022,we have already paid N1,390,870,779.56 .

“We entered into strategic partnerships with various organizations to broaden our visibility and accessibility and we are developing in-house platforms to ensure a seamless end-to -end customer journey.”

Early in the year the National Insurance Commission (NAICOM) had given it’s nod for the company to underwrite agricultural insurance risks business.

Among the products approved for Unitrust Insurance are Multi -Perils, Livestock Insurance, Poultry, fishery and Fish Farm, Area Yield Index agricultural insurance with the approval, Unitrust Insurance Co. Ltd is now well-positioned to broaden its product offerings to consumers in line with the federal government’s objective to deepen insurance penetration.

Unitrust was founded in 1981 and commenced operation in 1986, with branches spread across Nigeria, carrying out contracts of general Insurance business.

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