…where insurance works

…where insurance works

Buy Insurance Policy against Job Loss says Anchor Insurance

Job loss in recent time has become an inherent risk in the life of employees in Nigeria and this has resulted to having fear of job loss thereby reducing their productivity of an employee and eventually suffers job loss. Employees can now have peace of mind, allay frustration and still be able to meet their financial responsibilities even after loss of job says Head of Brand & Corporate Communication of Anchor Insurance, Mr Kehinde Olaniyi. This statement was revealed during the company’s EMBER MONTH INSURANCE AWARENESS CAMPAIGN. According to him, the company has developed a product called ANCHOR Loss of Employment Income Insurance Scheme. This policy will pay pre-determined income for a given period to any policyholder who losses his/her job, having paid the required premium while payment of premium has been structured on monthly, quarterly, bi-annual and yearly basis for convenience sake; hence employee can choose which is suitable according to his disposable income.

Mr. Olaniyi further explained that, any employee on this scheme that suffers job loss due to no fault of his/her will be indemnified for a period of 24 months. This is to enable the employee meet his financial obligations while actively searching for another job. He said, being the first insurance company to bring the product to our economy, our objective among many others is to help the economy reduce social ills and criminalities in our society resulting from job loss of an employee noting that ‘an idle hand is the devil’s workshop’. On the part of the employee, the product will help to protect financial loss, prevent frustration and psychological breakdown and among many other things, regains employee decency after job loss. He therefore, encouraged Nigeria employee to take up this policy without further delay as it is the only surest safety net, shock absorber that can cushion for the harsh effect of a sudden loss of job.
One of the products displayed during the Awareness Campaign was the Auto Easy Policy which is the company’s brand name of the Compulsory 3rd Party Motor Insurance Policy. The Brand Manager noted that, there are lots of fake insurance certificates being generated by touts and this is to the ignorance of the policy holders who falls prey, hence the campaign was meant to sensitize the public on how they can get genuine insurance policy and authenticate their certificate of insurance. This authentication is provided for on the platform of the Nigeria Insurance Industry database (NIID) of the Nigeria Insurance Association (NIA). To check the genuineness of your Vehicle Insurance certificate, just go to www.askniid.org Other products displayed are; Anchor Fire Insurance Protection Policy, Occupiers Liability Insurance, Professional Liability Insurance, Public and Product Liability Insurance, Personal Accident Insurance and a few others.

Anchor Insurance has been meeting its claim obligations as at when due having paid claim in excess of N1.5 billion in the last 5 years while constantly declaring profits and paying dividends to shareholders. Its solvency margin is robust and well over the industry average thereby enabling the company to meet its financial obligation regularly.