Mu­tual Ben­e­fits As­sur­ance launches 36 new prod­ucts

Daily Trust - - BUSINESS - From Chris Agabi, La­gos

Mu­tual Ben­e­fits As­sur­ance Plc has launched 36 in­sur­ance prod­ucts to cover di­verse risks in var­i­ous seg­ments of the Nige­rian econ­omy.

The prod­ucts, un­veiled in La­gos, com­prised for schools, Nol­ly­wood (en­ter­tain­ers), mo­tor deal­ers, churches, politi­cians, SMEs among oth­ers.

Mu­tual Ben­e­fits As­sur­ance’s Group Man­ag­ing Di­rec­tor Akin Ogun­biyi said at the launch the ini­tia­tive was aimed at mit­i­gat­ing sev­eral risks in Nigeria and im­pact on the econ­omy pos­i­tively.

He said the 36 new prod­ucts will com­ple­ment the ex­ist­ing 76 prod­ucts of the com­pany in the mar­ket, adding that the prod­ucts will be de­plored through the firm’s 60 of­fices and 7,000 agents trained to mar­ket them.

Ogun­biyi noted that key among the chal­lenges of in­sur­ance in the coun­try was lack of ac­ces­si­bil­ity and prod­ucts that meet the needs of people.

He lauded the ef­forts of the Na­tional In­sur­ance Com­mis­sion (NAICOM) in grant­ing ap­proval for the in­tro­duc­tion of the prod­ucts.

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