CHI Settles Accident Claims of Second Insurance Journalist

Consolidated Hallmark Insurance (CHI) Plc, for the second time this year, has paid accident claims of another member of the National Association of Insurance and Pension Correspondents (NAIPCO), who had an incident recently.

It will be recalled that the company had promptly paid accident claims of a member who had an accident in February this year.

The recent payment however was for a member who had an accident when the vehicle she was commuting in was hit by an articulated vehicle and she fell off the vehicle while still in motion. She sustained injuries and was rushed to the hospital.

However, covered under the free group personal accident cover issued to NAIPCO, CHI stepped in to pay the hospital bills of the member while the victim has been discharged from the hospital and she is now in good health.

It will be recalled that there is a running Group Personal Accident Insurance cover worth N24 million Sum Assured given for free to insurance journalists in the country by CHI.

This gesture, according to the company, is part of its Corporate Social Responsibility (CSR) project, to ensure that journalists who are exposed to danger and hazard in the discharge of their duties are adequately protected.

Speaking on the development, Mr. Eddie Efekoha, the Group Managing Director/CEO of CHI, said the gesture is to show the kind of values and respect his insurance firm has for journalism.

According to him, journalism is a risky profession, hence, the need to adequately provide insurance for those covering the insurance industry.

On his part, Mr. Chuks Okonta, Chairman, National Association of Insurance and Pension Correspondents (NAIPCO), thanked the insurance firm on the claims paid, stating that, this is a testimony that insurance works and that insurers are actually paying genuine claims.

The Group Personal Accident Insurance covers death, permanent disability and medical expenses.

The policy, now in its 10th year, has been running since 2012, and is renewed annually by the company. The cover was renewed on the 1st of October, 2021 and is due to expire on 30th of September, 2022.

The policy covers all members of the National Association of Insurance and Pension Correspondents (NAIPCO) across the country while the company has promised to continue to renew the coverage for the journalists every year.

Hot this week

Is Investing for Me? Rethinking Who the Stock Market is Actually Built For

  By Robinson Kolawole "Investing is not for someone like me."...

CIIN Boss, Yetunde llori, Bows Out, Lists Achievements in Office

Mrs. Yetunde llori, the President/Chairman of Council, Chartered Insurance...

WorldStage Business Forum Q2 2026: Prof. Baale Makes Case for Building World-class Nigerian Corporate Culture

L-R: Mr. Segun Adeleye, President/CEO, World Stage Limited; Prof. Lere...

Insurance Brokers Reaffirm Commitment to Local Content, Digital Innovation at SUPERNEWS Conference

Deputy President of the Nigerian Council of Registered Insurance...

Topics

High Cost: Major Reason for Poor Protein Consumption in Nigeria – Report

  High cost has been identified as a major disincentive...

NEM Insurance Reports N15bn Premium in 2018, Pays N6bn Claims

NEM Insurance Plc recorded gross premium income of N15.04 billion...

African Trade Insurance Plans $2.5m Dividend Payment to Shareholders

In a much anticipated announcement, the African Trade Insurance...

NCRIB to Partner NAIPCO on Insurance Growth

The Nigerian Council of Registered Insurance Brokers (NCRIB) and...

Ecobank Transnational Inc Holds 32nd AGM as Shareholders Approve Resolutions

Ecobank Transnational Incorporated (“ETI”), the parent of the Ecobank...

Chinese Dominance Worries Nigeria’s Textile Traders

Nafiu Badaru, a junior civil servant in northern Nigeria's biggest city Kano, doesn't make much money and it takes some cash to look good so he tends to buy Made-in-China fabric."A piece of high-quality brocade (cloth) costs around 10,000 naira ($50, 47 euros), which is way too expensive for me," he told AFP. "With the same amount of money, I can buy six pieces of cheap Chinese brocade which cost only 1,500 Naira a piece and still keep some change."The proliferation of Chinese-made textiles is a boon for consumers like Nafiu, with Kano and the wider North struggling with unemployment and economic constraints. Click here to make a lazy tweet.

Sterling Bank Champions Collective Action to Accelerate Nigeria’s Renewable Energy Transition

L-R: Mr. Ayo Ademilua, President, Renewable Energy Association of...

Regency Alliance Insurance Launches N7bn Private Placement

Regency Alliance Insurance Plc has officially launched a private...