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Business

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Insurance

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Business

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Insurfeel Initiative, ARIAN Donate N12m Insurance Covers to Hawker, Four Others

L-R: National Chairman, AIICO Fieldforce/Senior Agency Manager, AIICO Insurance Plc, Uche Anyanwu; beneficiary, Mrs. Oloruntoyin Risikat and Promoter of Insurfeel Initiative, Mr. Chuks Udo Okonta at the event.

Insurfeel Initiative in partnership with Association of Registered Insurance Agents of Nigeria (ARIAN) have donated Uni-personal insurance covers to a soft drink hawker and four other people that attended the 2024 ARIAN football tournament held recently in Lagos.

The beneficiaries are: David Owogoga; Mrs. Oloruntoyin Risikat; Adebayo Adewunmi; Olaleye Stephen and Adebayo Kehinde

National President of ARIAN, Olakunle Odewunmi, speaking on the insurance donation, said the Association partnered Insurfeel Initiative to ensure the public have a feel of insurance, stating that as insurance practitioners, the Association wants the public to have an insurance touch and also understand that insurance remains one of the best means to mitigate risks.

He congratulated the beneficiaries, whilst urging them to ensure they leverage insurance in securing their lives and properties. He said the Association would continue to give back to the society, while promoting the usefulness of insurance.

The Promoter of Insurfeel Initiative, Mr. Chuks Udo Okonta, appreciated the leadership of ARIAN for the partnership and also congratulated the beneficiaries, stating that with the donation, each of them would enjoy coverage to the tune of N2.4 million. He welcomed them to the world of insurance, which he said only the wise uses to ward off risks.

Chuks reiterated his position that it is cheaper to donate insurance than contribute money when risk occurs. He implored the public to embrace the act of donating insurance to help people mitigate their risks.

The Insurfeel Promoter called on insurance operators to partner Insurfeel Initiative in donating their products whenever they carry out Corporate Social Responsibility (CSR) programmes, stating that it would do the insurance sector a lot of good as products from the sector are bought and used as souvenir as against buying products from other sectors.

A football coach, Olaleye Stephen, a beneficiary of the cover, appreciated ARIAN and Insurfeel Initiative for the gesture, stating that the policy is the first insurance cover he has gotten, adding that he has being telling his friends about the policy and that many of them would buy the cover.

 

About Uni-personal Insurance Cover

There are risks in every activity we do. Whether you are at home, at work, at play, or while traveling. Over 75 percent of the activities we do have to with our job, business, or occupation.

Every job/occupation has its peculiar risks. Most common is the risk of accident – from minor to fatal. When an accident happens, it could lead to medical expenses, permanent disability or death. Raising funds to take care of emergency situations resulting from accidents is sometimes a very challenging task for most people.

Aside from accident, individuals are sometimes held legally liable for their negligent, unintentional actions or actions of their children or other relatives, whether at home or outside the home, which could result in bodily injury of persons or loss/damage to their property.

Everyone, therefore, needs to guard ourselves with Uni-Personal Cover in case any of this situation arises. With Uni-Personal Cover, you can work, live, play, and travel with great confidence.

Uni-Personal Cover a policy offered by Universal Insurance Plc, is combined Personal Accident (PA) and Personal Liability (PL) insurance cover, just for you, and the premium is ₦8,000 only per annum.

 

Benefits

  • ₦200,000 for medical expenses
  • ₦850,000 for Permanent Disability
  • ₦850,000 for Death
  • ₦500,000 for Personal Liability

 

About Insurfeel Initiative

  • Insurfeel is an initiative that enables the uninformed and uninsured to experience impacts of insurance by receiving insurance policies for free through donations by individuals; groups; associations; organisations and government.
  • Insurfeel Initiative entails donation of insurance policies to the uninsured, uninformed and evolved from a research conducted which showed that people who have had positive experience on how insurance works seem to believe and easily embraced the system.
  • This research, therefore, necessitates the need to extend insurance experience through donation of policies to more people so as to deepen insurance penetration, provide safety; fight poverty, and enhance the insurance industry’s profitability.
  • Insurfeel is targeted towards specific individuals, such as students in secondary schools, teachers, and people with distinct impact on lives and the society. They are selected due to their outstanding performance and contributions to human growth.
  • Insurfeel initiative is opened to people committed to philanthropy. Through Insurfeel, organisations can by means of Corporate Social Responsibility (CRS) donate insurance policies as souvenirs and gifts to deserving members of the public.
  • Insurfeel Initiative provides a platform for insurance companies to donate their products as against the present trend where products from other sectors are donated to the public.
  • This will grow the industry’s premium whilst helping humanity as well.

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Our Transformation Story

Today is an indelible Day of History for Business Journal. It marks the effective and successful transformation of Business Journal from a monthly business magazine to a weekly business/ financial newspaper. Indeed, we have come a long way from birth in May 2008 as a monthly magazine to what we are today as a weekly newspaper. It has been a divine journey anchored on Professionalism, Enterprise, and Freedom. It is also driven by our resilience and dogged commitment to achieving our overarching dream of advancing the cause of business/financial journalism in Nigeria.
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