Mutual Benefits Assurance launches 36 new products
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.