Industrial And General Insurance (IGI) Plc has paid N1.2 billion as claims to its policyholders between January and August, 2016.
A statement from the firm and made available to Business247 Online News at the weekend said, claims paid out under general business amounted to N273.5 million, including N107.2 million which went to Oil and Gas insurance, N41million to Engineering and N56.5million to Motor insurance. Besides general business, the sum of N746.4 million was paid on Individual life insurance, while Group life claims totalled N157.2 million.
The company said the payment was in line with its resolve to settle all outstanding claims and obligations due to customers as quickly as possible.
“Our ongoing corporate transformation and restructuring makes prompt payment of claims inviolable. It is for this reason that, despite the current economic constraints, IGI will continue to pursue policies that gladden customers and strengthen public trust in the company,” the statement said.
In 2015, IGI paid a total of N2 billion as claims with the promise to sustain the effort in accordance with industry best practice.
The Managing Director, Mr. Rotimi Fashola, reiterated the company’s determination to achieve set targets, adding that, ‘The result so far is encouraging. We will continue to put the customer first in our bid to improve our market share.’
Athekame Kenneth liked this on Facebook.
Great write-up, I am normal visitor of one’s site, maintain up the nice operate, and It is going to be a regular visitor for a long time.
9/22/2016 at 19:12:38 Regards from danglekatangul
9/24/2016 I’m pleased with the way that business247ng.com deals with this kind of subject. Usually on point, sometimes controversial, without fail thoughtful and more often than not quite thought-provoking.
9/27/2016 @ 08:37:44 In my view, business247ng.com does a great job of dealing with topics like this! Even if frequently deliberately controversial, the information is in the main well researched and thought-provoking.
Hello. magnificent job. I did not anticipate this. This is a great story. Thanks!
9/28/2016 I’m pleased with the way that business247ng.com deals with this type of subject matter. Generally to the point, sometimes polemic, always well-written and more often than not quite challenging.
9/29/2016 @ 21:03:08 Appreciate the website– very user-friendly and tons of stuff to explore!
In my view, business247ng.com does a good job of dealing with subject matter of this kind! While often intentionally polemic, the posts are in the main well researched and challenging.
Excellent read. I just passed this on 10/2/2016 to a colleague who’s been doing a little research of his own on this subject. To say thanks, he just bought me a drink! So, I should probably say: Cheers for the drink!
I completely agree with your take on this topic and look forward to additional posts and comments here at business247ng.com. Thanks!
Hello my friend! I want to say that this post is amazing, great written and come with approximately all vital infos. I would like to see extra posts like this .
I’m gratified by the manner in which business247ng.com handles this kind of topic! Usually to the point, sometimes polemic, always well-written and also challenging.
10/9/2016 @ 10:35:11 Good read!
I love your blog.. very nice colors & theme. Did you create this website yourself or did you hire someone to do it for you? Plz respond as I’m looking to create my own blog and would like to find out where u got this from. kudos
I more or less share your opinion on this topic and look forward to upcoming posts and comments here at business247ng.com. Keep up the good work!
Attractive section of content. I just stumbled upon your blog and in accession capital to claim that I get in fact enjoyed account your weblog posts. Any way I’ll be subscribing for your feeds or even I fulfillment you get admission to constantly quickly.
I’m pleased by the manner in which business247ng.com covers this type of subject matter! Generally to the point, often contentious, without fail thoughtful and more often than not quite stimulating.
Youre so cool! I dont suppose Ive read something like this before. So nice to find anyone with some authentic thoughts on this subject. realy thanks for beginning this up. this web site is something that’s wanted on the web, someone with somewhat originality. helpful job for bringing one thing new to the web!
1. Thanks for the great post keep up the amazing work.
10/22/2016 I’m pleased with the way that business247ng.com covers this type of subject! Usually to the point, sometimes polemic, without fail well-researched and also thought-provoking.
In my opinion, business247ng.com does a great job of covering topics of this sort. While often deliberately controversial, the material posted is in the main thoughtful and thought-provoking.
Today, I went to the beach front with my children. I found a sea shell and gave it to my 4 year old daughter and said “You can hear the ocean if you put this to your ear.” She put the shell to her ear and screamed. There was a hermit crab inside and it pinched her ear. She never wants to go back! LoL I know this is totally off topic but I had to tell someone!