₦airaland Forum

Stephen0mozzy:
If there's one thing we learnt about, even in secondary school those days was "Insurance" - a definition that still rings in my head is "Insurance is protection against potential future loss".

There are different insurance products and offerings in the world and Nigeria, from life insurance to health, to fire, to vehicle, just to name a few. But it appears the only time people bother about insurance is when bureaucracy of certain registration makes it mandatory, but after which they don't renew it.

You hear news of people losing their lives because they can't afford hospital bills, when there's life insurance.

You hear news of people losing their businesses to fire and they're literally sent into poverty, when there's fire insurance.

You hear people whose family sink into extreme poverty when they lose the breadwinner of the family, when there's life insurance.

I'm genuinely curious. Why don't we take insurance serious in this country?

And on a lighter note, why are we not hawking insurance services to people as we're hawking Dangogo Shares?

If you're in the field of insurance, please share your insights, on the pros and cons.

All these firms.. dont keep to their promises...why risk your hard earn money

Like every insurance company... take ur money n when it's time to claim they start looking for loopholes to avoid paying the money

Zionmdde:
Insurance = Pension = Waste

Pension is not waste oo..if you don't have pension and no good retirement plan at old age you will cry.

fxexperts:
Pension is not waste oo..if you don't have pension and no good retirement plan at old age you will cry.

Pension that pays you a cumulative amount that is less than 50% of your savings is a waste

Zionmdde:
Pension that pays you a cumulative amount that is less than 50% of your savings is a waste

what 50% it pays you far more than your 100%.