Wednesday, 18 March 2015

Law Union & Rock Insurance Educates Parents on Insurance for Children

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Ebere Nwoji
The Managing Director of Law Union &Rock Insurance Mr. Jide Orimolade recently organised  children's accident insurance education programme for parents  pointing out that parents can protect their children through accident insurance cover.
Orimolade  educating the parents on the relevance of children's accident insurance cover, noted that children are exposed to several risks and that insurance can be used to protect them in their quest to achieve their ambitions in life.
According to him, children can get injured while engaging in sports or other activities or events that expose them to the risks of accident whether at home, school, playground or while on the way to or from school.
He said, this being the case, parents and even the schools need to put in place appropriate insurance cover to ensure that children gain access to compensation which would provide quality health treatment in the event of an accident.
He said the Teens Personal Accident (TPA) developed by Law Union & Rock Insurance Plc is a very suitable insurance product, which  parents and schools can take up for the children.
“We are advising parents who want their children to be successful in life not to take for granted the risks children face every day. They should have insurance plans such as TPA in place to provide relieve to them when it matters most because with insurance, parents can have rest of mind while sponsoring their children to university level", he said.
On how the company intends getting its products across to the people, the Law Union & Rock Insurance boss said the company has built a robust retail agency headed by an expatriate manager through which its products are easily distributed across the country.
Orimolade debunked the impression that insurance companies do not pay claims saying “at Law Union & Rock we do not just pay claims but we do it on time because we want the clients to be happy and focus on their business."
" In recognition of this, our company got a BBB+(NG) rating on Claims Paying Ability (CPA) by Global Credit Rating Co, a South African based credit rating Bureau”,  he stated.
Law Union & Rock Insurance Plc has been consistently operating since 1951 and offers a wide range of general insurance products. The company has over N8bn in total assets and shareholders’ fund in excess of N4bn.LASACO in collaboration with Aremott Banwill Brokers go on insurance awareness Road Show in Ijeshaland.

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