Thursday, September 18, 2025
27.8 C
Lagos

Linkage Assurance Unveils Motor Third Party Plus Variants to Enhance Customer Experience

L-R: Humphrey Ozegbe, Chief Human Capital Officer/Head, Management Services; Moses Omorogbe, Company Secretary; Modupeade Adepoju, Head, ERM/Compliance; Emmanuel Otitolaiye, Chief Financial Officer; Okanlawon Adelagun, Executive Director, Technical; Daniel Braie, Managing Director/CEO; Imo O. Imo, Chief Strategy & Product Development Officer; Ohi Alufohai, Head, Human Capital  and Temitope Solomon, Head, Retail Marketing, all of Linkage Assurance Plc during the unveiling of the Company’s Motor Third Party Plus Variant at its corporate head office in Lagos.

Underwriting firm, Linkage Assurance Plc has unveiled budget-friendly motor third party-plus variants to enhance customer experience.

The Third Party Plus Variants provide policyholders with greater flexibility in choosing insurance coverage that suits their needs and risk tolerance.

Mr. Daniel Braie, Managing Director/CEO, Linkage Assurance Plc speaking at the unveiling ceremony at its corporate headquarters in Lagos said the variants are budget-friendly plans designed with simplicity in mind.

According to him, these make the insurance process straightforward and easy to understand, making it an appealing option for individuals who prefer uncomplicated insurance solutions.

The ‘Third Party Plus Motor Insurance Plan’ offered by Linkage Assurance Plc have value propositions for individuals looking for cost-effective coverage.

The CEO said the primary value proposition of budget-friendly insurance plans is their affordability.

“These plans are designed to offer coverage at a lower premium, which can be especially attractive for individuals looking to meet legal insurance requirements or protect against basic risks without a significant financial burden.”

Braie said the Third Party Plus variants as budget-friendly plans may not offer extensive coverage options, however they provide essential coverage needed to comply with legal requirements and protect against third-party liability and own damage.

“The Third Party Plus fulfill these legal requirements, allowing individuals to drive with confidence while meeting their obligations.”

This can be particularly beneficial for those who primarily wants coverage for potential damages or injuries caused to others in accidents, the CEO said.

Speaking on the cost management, he said for individuals on a tight budget, a budget-friendly insurance plan can help manage the costs associated with vehicle ownership.

“It provides a level of financial protection against unforeseen accidents without requiring a substantial financial commitment.”

These plans he said can be suitable for first-time vehicle owners or young drivers who are starting to build their driving experience.

“They provide a way to enter the insurance market and gain basic coverage without a significant financial outlay.”

The Third Party Plus and its variants will also contribute to insurance penetration, especially in the retail and personal line spaces because it’s associated with No Excess Buy Back, No Depreciation on claims, as well as reinstatement of cover upon erosion due to multiple claims.

spot_img
spot_img

Hot this week

Designing the Future: Arc Christian Benimana, Prof Taibat Lawanson to Headline Ecobank Design and Build 2025

Ecobank Nigeria has announced that celebrated architect Arc. Christian...

Sovereign Trust Insurance Wins Enactus Catalyst Award

From L-R: Victor Akinfala, Head Partnerships & Special Projects,...

SEC DG: Commission Considering Gradual Implementation of ISSB Standards

The Director General of the Securities and Exchange Commission...

Universal Insurance MD/CEO, Jeff Duru, Bags CIBN Associate Membership

  Dr. Jeff Duru Managing Director/CEO Universal Insurance Plc The Managing Director/CEO of...

Sterling One Foundation CEO, Olapeju Ibekwe, Joins Board of UN Global Compact Network Nigeria Ahead of UNGA 80

    Olapeju Ibekwe, Chief Executive Officer of Sterling One Foundation,...

Topics

SEC DG, House Committee on Capital Market Chair Visits NSE

L – R shows Chairman, Committee on Capital Market...

Global Business Forum on Africa to Host 5 Heads of State

The 4th Global Business Forum on Africa is set to...

World Bank: Year in Review-2016 in 12 Charts

Between the social, political, and economic upheavals affecting our...

Stanbic IBTC’s YLS: Guiding Youths to Turn Passion into Profit

Stanbic IBTC Holdings Plc held the 2021 edition of...

Domestic Bourse Sustains Positive Streak… ASI Up 14bps

The equities market maintained a positive performance at the close...

Stanbic IBTC N15bn Infrastructure Fund Series II Offer Opens

Stanbic IBTC Asset Management Limited, a subsidiary of Stanbic IBTC...

World Bank Plans $160bn COVID-19 Relief Measures

  The World Bank’s Board of Executive Directors today approved...

Africa, ME PC Market Faces 7.2% Decline in H2 2021

The Middle East and Africa (MEA) personal computer (PCD) market,...
spot_img

Related Articles

Popular Categories

spot_imgspot_img