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| Daniel |
Chuks
Udo Okonta
The
National Insurance Commission (NAICOM) and an underwriter are to organise a
road on micro-insurance very soon, the Commissioner for Insurance Fola Daniel,
has said.
He
disclosed this in Lagos, adding that the exercise would help educate the public
on the benefits of insurance and by and large deepen penetration on micro-insurance.
He
noted that the commission is poised to collaborate with any organisation that is
desirous of making positive change in the industry.
“A
company wrote us that it wants to do a road show on micro-insurance, we granted
the firm approval and urged it not to do it alone, but allow us be part of it.
We have agreed to have joined funding on the project.”
Micro-insurance is one of the recent measures
taken be NAICOM to deepen insurance penetration in the country. The commission has
pegged the paid-up capital for Life Micro-insurance business and N150, 000,000
and General Micro-insurance business for N200, 000,000.
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