Sunday, September 28, 2025
24.2 C
Lagos

Linkage Assurance Gets NAICOM Approval to Agric Insurance

Linkage Assurance Plc has secured the approval of the National Insurance Commission (NAICOM) to underwrite agric insurance in the Nigerian insurance industry.

The ‘no objection’ nod will enable Linkage support the farmers and service providers in the agricultural value chain for greater sustainability and economic growth.

Among the products approved include Linkage Assurance Crop Insurance Solutions; Linkage Assurance Farm All Risk lnsurance; Linkage Assurance Farm Motor lnsurance and Linkage Assurance Livestock lnsurance solutions.

Linkage Assurance Management in a statement made available to journalist said the Nigeria’s agribusiness sector needs insurance to remain sustainable and achieve long term growth expectation.

Linkage said stakeholders in the agricultural value chain needs to embrace insurance by reducing retained risk and transferring the burden to insurers for effective risk management.

With this approval, Linkage Assurance Plc is now well positioned to broaden its product offerings to consumers, which is in line with the federal government objective to deepen insurance penetration in Nigeria.

Linkage Assurance by this development is strategically accelerating its business objective of building a dominant company in the Nigerian insurance industry.

Linkage Assurance Crop Insurance Solutions provides cover against unavoidable loss of crops or resulting directly from the insured perils, example flood, drought, excessive rains, hailstorm, diseases and pest, with covers including Weather lndex Crop Insurance; Area Yield – lndex Crop lnsurance and Multi-peril crop insurance.

The Linkage Assurance Farm All Risk lnsurance is designed to cover the farm buildings/contents, farm products and machineries against theft and fire. It also provides cover on general accident for farm staff and farmer’s legal liability.

While, Linkage Assurance Farm Motor lnsurance protects the insured for loss of or damage to vehicles used in the farm or agricultural business, damage to Third Party property including bodily injury and death to third parties caused by accident.

Linkage Assurance Livestock lnsurance solutions is specially designed to cover the farmer’s stock with one simple policy, which can provide immediate protection against death due to accident; death due to illness or disease; loss of use due to accident; and loss of use due to illness.

spot_img
spot_img

Hot this week

AIICO Deepens Bond with Retirees, Holds Annuity Forum in Lagos, PH

Mr. Gbenga Ilori, Head, Retail Business at AIICO, in...

Sovereign Trust Insurance Holds 30th AGM

L-R: Eric Balogun, Independent Director, Emi Faloughi, Director, Kayode Adigun,...

Unity Bank Shareholders Approve Merger with Providus Bank

  EGM: From left: Mr. Usman Abdulkadir, Executive Director, Risk...

NNPCL: Ogoni Re-entry is a Beacon of Reconciliation through Collaboration

The re-entry into Ogoniland marks a historic turning point...

NLNG, NCDMB Celebrate 122 Graduates of Train 7 HCD Training Program

NLNG in collaboration with the Nigerian Content Development and...

Topics

NIA: Brokers Generated 60% of Insurance Premium in 2021

L-R; Hon Auditor, the Nigerian Council of Registered Insurance...

Lamido of Adamawa Commends NCC’s Consumer Protection Initiatives

The Lamido of Adamawa, Dr. Muhammadu Mustapha, has commended...

ADB Endorses $400bn Project to Transform Agriculture in Africa

The African Development Bank (AfDB) recently endorsed its “Feed...

CIIN Tasks Insurance Professionals on Industry Revolution, Business Landscape

Sir Muftau Oyegunle, President, Chartered Insurance Institute of Nigeria...

Global Airlines Financial Monitor: May 2O16

Key Points: · Global airline share prices fell by 3.0%...

‘Funding- key to Unlocking Nigerian Hotel Pipeline’

Radisson Blu Hotel, Lagos The rapid expansion in the number...

NYSC, GE Unveil Partnership to Empower Corp Members with Entrepreneurial Skills

GE, the world’s premier Digital Industrial Company has announced...

Beyond Tinubu’s Second Bombshell in Abeokuta

  By Haniel Ukpaukure There is something about Abeokuta, the Ogun...
spot_img

Related Articles

Popular Categories

spot_imgspot_img