Saturday 31 May 2014

NAICOM takes microinsurance to Anambra State


Chuks Udo Okonta

Micro Insurance Scheme will soon be launched in Anambra State, one of the nation’s commercial nerve and home to several micro business outfits, Inspen can report.

Commissioner for Insurance Fola Daniel, disclosed this recently in Uyo, stressing that the commission and the State government are putting finishing touches on how to kick-start the project.

He noted that the project will be of immense benefits to the state which is one of the commercial hubs of the nations.

He said: “We recognised the need to develop the retail insurance market which has remained grossly untapped considering the vast population of the country. And as part of the Commission’s strategy of Financial Inclusiveness the Micro Insurance Scheme and the Takaful Insurance were launched late last year.

“Every effort is being made to ensure they make the desired impact in the industry. I am please to let you know that on April 23, 2014, the Commission formally launched the Delta State Micro Insurance Scheme at a colourful ceremony in Asaba, the State Capital.

“Efforts are being made to replicate this model in other states.”

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