Business
In six months, the African Alliance settles N4.08 billion in claims
By Adeleye Kunle
African Alliance Insurance Plc has revived its policyholder businesses and compensated N4.08 billion losses in the first half of the year, according to Joyce Ojemudia, Managing Director/Chief Executive Officer.
In a statement, Ojemudia reaffirmed the company’s commitment to promptly paying genuine claims.
She emphasized that the company was founded on claims payment.
“Year after year, we do not hesitate to fulfill this critical obligation to our policyholders as it is due.”
“Our pay-off is more than just a statement of facts; it is an assurance that we will remain committed to our policyholders in the face of unforeseen circumstances.” We have not wavered from our commitment after 62 years.
“We paid N1.81 billion in annuity claims, N857.2 million in individual life claims, N765.4 million in Group Life, N436.3 million in Takaful, and N208 million in Esusu payouts,” she said.
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