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Nairaland Forum / Nairaland / General / Business / Insurance Industry Improves On Claims Payment – Nia (5895 Views)
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Re: Insurance Industry Improves On Claims Payment – Nia by ogmask: 10:03am On Jun 03, 2018 |
Damminglola: Yea you are right. Pple tend to trust the insurance companies affiliated to banks more but, truth is the stand alone insurance companies do better and sometimes are stronger. Leadway for instance have a large chunk of shares in first back. So you can imagine how strong they are. I did not know this untill recently when my wife started working with them. Infant most of the things I know now came to my knowledge only recently when she started working with them. She did lots of research before and after she joined leadway. There are others just like leadway out there too. 1 Like |
Re: Insurance Industry Improves On Claims Payment – Nia by BlueRayDick: 10:03am On Jun 03, 2018 |
Appliedmaths: Bankers just dey form activities now. Some brokers even work on Saturdays even when they close around 9pm on friday |
Re: Insurance Industry Improves On Claims Payment – Nia by BlueRayDick: 10:05am On Jun 03, 2018 |
ogmask: Leadway is the biggest insurance company in Nigeria in terms of market share, profit they make yearly and tons of investment they have scattered all over the country. And yes, they have a sit on the board of First Bank 1 Like |
Re: Insurance Industry Improves On Claims Payment – Nia by Appliedmaths(m): 10:13am On Jun 03, 2018 |
namdo: Just like stock brokers or forex brokers, insurance brokers are here to provide advisory (and other roles) to its clients which includes the insured, the cedant and the reinsurer. We are abreast with the market and we know who is who regarding certain policies, we know who would provide our clients the best rate and who provide the best claims payment. We arrive at this conclusion with series of data gathered overview years. Technically after accepting to provide you with an insurance cover, depending on the nature of the risk involved the insurance company which we call the cedant writes to we the brokers seeking a second market to share part of the accepted risk with who we call the reinsurer. Let me not bore you, long and short is most insurance companies are in the habit of eating their cakes and having it back and if not for NAICOM we would have been singing a different sad song. You want effectiveness on your policy and claims go through the brokers, even if you don't the business still come back to us but before your policy holder would write us about your claim it usually comes in weeks or months after date of loss and while we speeding process for payment tops 48 hours and write back to your policy holder you're there waiting and getting vexed. So you see why we make things easier and are highly recommended. |
Re: Insurance Industry Improves On Claims Payment – Nia by Appliedmaths(m): 10:15am On Jun 03, 2018 |
BlueRayDick: I need an award for sleeping tactics in buses and cabs, of you see the way I dey sleep inside public or private transport eh' I don't miss opportunity to sleep my guy The job is stressful man, but it's fun attending to all tasks and making the insured satisfied. 1 Like |
Re: Insurance Industry Improves On Claims Payment – Nia by Appliedmaths(m): 10:18am On Jun 03, 2018 |
ogmask: In saner climes the insurance companies own the banks. Nigeria are getting there, go through your broker to get the best deals. FBNI may offer you a rate on a particular policy that may be 0.95% cheaper than that of lead way it's not necessarily about their market shares but we gotta appreciate these guys. 1 Like |
Re: Insurance Industry Improves On Claims Payment – Nia by mystifyer: 11:03am On Jun 03, 2018 |
I'm an insurance broker. Contact me. |
Re: Insurance Industry Improves On Claims Payment – Nia by Orpe7(m): 11:19am On Jun 03, 2018 |
Most people who complain about they have bad experiences about the insurance of today are people who actually didnt understand the concept of the insurance they picked or individuals who weren't serious with their premiums hence the laspse in their policy and when the enventuality happened, they expect the insurance company to do their own part of the deal |
Re: Insurance Industry Improves On Claims Payment – Nia by Orpe7(m): 11:22am On Jun 03, 2018 |
If you are looking for an insurnace company to get a life insurance, look no further, walk into any ARM LIFE PLC office or contact me to get it done. |
Re: Insurance Industry Improves On Claims Payment – Nia by obembet(f): 12:30pm On Jun 03, 2018 |
Interesting |
Re: Insurance Industry Improves On Claims Payment – Nia by Abti: 1:28pm On Jun 03, 2018 |
ogmask: ogmask: Please come back to Cornerstone o. |
Re: Insurance Industry Improves On Claims Payment – Nia by INTEGRITYA1(m): 1:29pm On Jun 03, 2018 |
Nice one. |
Re: Insurance Industry Improves On Claims Payment – Nia by Papertrail11(m): 1:33pm On Jun 03, 2018 |
how much is the regular joe making out there ,that somebody somewhere would mandate you to pay insurance African business men have always been risk takers even the lives of Nigerians are nof insured by the Govt so wtf |
Re: Insurance Industry Improves On Claims Payment – Nia by sprints1: 1:54pm On Jun 03, 2018 |
bennymark:u can't tell that to AIICO Leadway Assurance AXA Mansard Cornerstone Crusaders ETC Guy Insurance they work like hell...had the chance to work as sales rep in one of these companies but decided to turn down the offer later...it works like anything some of them even have like 30 branches in the whole of Lagos...bro money dey there but I niggas still dey scam dem...if u know u know |
Re: Insurance Industry Improves On Claims Payment – Nia by bennymark(m): 1:55pm On Jun 03, 2018 |
sprints1: LMAO Naija and scam sha |
Re: Insurance Industry Improves On Claims Payment – Nia by rigarmortis: 1:59pm On Jun 03, 2018 |
Contact me if you have genuine insurance and the company refuses to pay you. Also contact me if.you need advice on genuine insurance. Insurance pays, they have no choice nowadays. Trust me |
Re: Insurance Industry Improves On Claims Payment – Nia by rigarmortis: 2:02pm On Jun 03, 2018 |
Papertrail11: Some insurance are compulsory for the regular Joe, because if the regular Joe hits another regular Joe, abeg sir will not repair the vehicle or pay for burial if it's results on death of the person hit, or repair another person's fence you destroyed. You get? Not all are compulsory, but some are, so that you won't cause problems for another regular Joe |
Re: Insurance Industry Improves On Claims Payment – Nia by sprints1: 2:07pm On Jun 03, 2018 |
ogmask:the truth most people are aware but to fork out money for premium is their problem some are even religious fanatics they will tell u God' is their protector or even if discuss to them abt life insurance they will tell u God forbid am not going to die or even curse u that u are the one that will die well some companies even automatically insure their staffs...insurance is very good but the country is in a mess some people's salary are nothing to write home abt then u talk of insurance while some people have been victims of liquidated insurance companies |
Re: Insurance Industry Improves On Claims Payment – Nia by ogmask: 2:07pm On Jun 03, 2018 |
Abti: My dear, I just needed to lend my voice here. So many strong insurance companies around. |
Re: Insurance Industry Improves On Claims Payment – Nia by INTEGRITYA1(m): 10:20am On Jun 04, 2018 |
bennymark: There is different between shares and insurance policies. |
Re: Insurance Industry Improves On Claims Payment – Nia by bennymark(m): 6:59pm On Jun 04, 2018 |
If. The company is growing with its policies, it should reflect in the value of the shares of such company. The growth should be evident in all ramifications INTEGRITYA1: |
Re: Insurance Industry Improves On Claims Payment – Nia by INTEGRITYA1(m): 9:46pm On Jun 04, 2018 |
bennymark: You're correct Sir, I really understand your point. But what I'm saying here is buying stock (shares) and insurance policies, features and benefits are not the same. Like with insurance you can do personal commitment savings toward tangible projects for future purposes. Like saving towards buying car, building house or invest in a business. Such policies will help you to channel your hard earned income towards your future and will prevent excessive spending. |
Re: Insurance Industry Improves On Claims Payment – Nia by BidoB: 4:34pm On Sep 25, 2018 |
When igi insurance no pay me my claim since January 2018 I even complain to naicom and till now nothing has been done. Please stop spreading false news that insurance companies pay claims. Naicom is so ineffective � |
Re: Insurance Industry Improves On Claims Payment – Nia by baugustine(f): 11:42pm On Oct 30, 2018 |
Let a professional handle your insurance matters........ CALL OR WHATSAPP ME NO AUGUSTINE BLESSING CHINEDU 08106246463 Consolidated Hallmark insurance PLC we reduce your *stress* *_consolidatedhallmark.com_ |
Re: Insurance Industry Improves On Claims Payment – Nia by Renikay: 9:51am On Jan 04, 2019 |
Have u been paid now? I am in the same situation with Igi not paying my claim since july 2018 and i dont know what next to do. BidoB: |
Re: Insurance Industry Improves On Claims Payment – Nia by BlueRayDick: 10:10am On Jan 04, 2019 |
Renikay: What has been their excuse? What class of insurance policy do you have with them? Have you completed all the necessary documentation they asked for ? |
Re: Insurance Industry Improves On Claims Payment – Nia by Renikay: 3:22pm On Jan 04, 2019 |
Dividend plus plan. I submitted all that is requred and signed all that was required. Initially, they said 90 days and then after 90days, it was we are working on it. That by december. Its january, nobody is even picking my calls, So no update. BlueRayDick: |
Re: Insurance Industry Improves On Claims Payment – Nia by Ukprosper: 8:41am On Oct 15, 2020 |
Here is a complete list of insurance companies in Nigeria and their coverage. Top among the list are AIICO, Leadway, AXA Mansard, Custodian and Allied, Cornerstone, etc Complete List of Insurance Companies in Nigeria |
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