Wednesday, January 28, 2026
28.2 C
Lagos

Anchor Insurance Secures NAICOM’s Approval for Local Passengers’ Flight Welfare Scheme

Ebose Augustine

Managing Director/CEO

Anchor Insurance Company Limited

The National Insurance Commission (NAICOM) has approved Local Passengers’ Flight Welfare Scheme for Anchor Insurance Company Limited for deployment into the market in 2022.

This is coming on the determination of the firm to expand its retail market that will subsequently increase premium earnings and deepen penetration.

This was contained in a statement signed by the company’s Managing Director, Mr. Ebose Augustine, noting that the scheme will run henceforth with its existing general insurance products.

In its approval letter to the Company, NAICOM stated that “in exercise of the powers conferred on the Commission by Insurance Act 2003, your Company is hereby granted a “no objection” to introduce your product tagged “Local Passengers’ Flight Welfare Scheme” to the Nigerian Insurance market.”

According to the Managing Director, the company sees this approval as another opportunity to make the Nigerian local flight passengers enjoy more peace of mind.

He urged the local flight operators to see this insurance product as a value-added package that will endear them to their well valued passengers.

Ebose noted that as one of the fastest growing insurance companies in Nigeria, “we thrive in providing our clients with top quality insurance care through our friendly and experienced professionals, timely claim administration, customer-friendly products and super customer experience delivery.”

 

spot_img
spot_img
spot_img

Hot this week

ITU Sets Path to Drive Digital Benefits for Citizens Worldwide

Member States of the International Telecommunication Union (ITU) agreed...

IMPI: Nigeria’s Economic Model under Tinubu to Deliver 5.5% GDP in 2026

One of Nigeria’s notable policy groups, the Independent Media...

Standard Bank Closes $250m Strategic Financing for Aradel Energy

Stanbic IBTC Capital Limited, Stanbic IBTC Bank Limited and...

First Asset Management Receives Upgraded Ratings from Agusto & Co, DataPro

First Asset Management, a subsidiary of FirstHoldCo Plc has...

SERAP Sues Adelabu, NBET over ‘Failure to Account for Missing N128bn in Power Ministry’

Socio-Economic Rights and Accountability Project (SERAP) has filed a...

Topics

African Aviation Sector to Lose 2m Jobs over COVID-19

    The International Air Transport Association has released new analysis...

Win it Like Buhari: 5 Start-up Lessons to Take Away from Nigerian Elections

March 28 was a historic date in Nigeria's history as it marked the first time the opposition defeated the ruling party in democratic elections in Africa's most populous country and biggest economy. Muhammadu Buhari, a former military leader who had ruled Nigeria for a 20-month period in the early 1980s, campaigned as a born-again democrat and saw the tide of public opinion turn in his favor. Here, CNN's African Start-Up examines Buhari's campaign strategy and reveals the key business lessons entrepreneurs can adapt for startup success.

Sovereign Trust Insurance at the 2025 CIIN Insurance Week

Members of staff of Sovereign Trust Insurance Plc flanked...

Nigeria: Freedom Mirrored by Media Evolution

Stanislaus Martins Aleph Group’s Managing Director for West Africa From the...

Leadway Assurance Paid N23bn Claims in 2016

Leadway Assurance Company Limited, Nigeria’s leading insurance company, recently...

Accra Institute of Technology Unveils Scholarship Program for ECOWAS Students

The Accra Institute of Technology (AIT) has announced the...

Stanbic IBTC Bank: Enabling Pension Contributors’ Dream of Becoming Homeowners

Stanbic IBTC Bank, a subsidiary of Stanbic IBTC Holdings...

Nigeria Leads Ride Sharing Initiative in Africa

At the start of the last century, just one...
spot_img

Related Articles

Popular Categories

spot_imgspot_img