Chuks Udo Okonta
• Ladipo-Ajayi
The Group Managing Director Lasaco Assurance Plc Olusola Ladipo-Ajayi, has called for the promotion of access to credit in the country as it will help raise insurance patronage.
Ajayi in an interview with an online news channel, said the low level of access to credit in the country has hindered most people from buying insurance, adding that when people access credit, the creditor will ensure that they take insurance.
"In an advanced country, you buy a television with your credit card and pay gradually. In this case, you will be forced to insure. If you do a car hire purchase, nobody will embark on that without compulsory insurance. If you have access to credit, the creditor will not allow you to go without insuring.
"If you have credit to buy a house, the mortgage firm will not allow you to go unless you insure. Compulsorily in their system, you see insurance at work. But here people will be asking you, if I insure my car for five years and nothing happens, what happens to my premium? The simple truth is that your premium is gone," he said.
He called on the Government to give insurance more boost through enforcement of stipulated laws and improving the economy so as to raise the living standard of the masses.
No comments:
Post a Comment