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Why Our Endowment Life Insurance Policy is Different From Others—AXA Mansard

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AXA woman Abisola Nwoboshi

In this interview, the Group Head of Life Business at AXA Mansard, Ms Abisola Nwoboshi, discussed the latest insurance package from the company.

AXA Mansard recently launched the Endowment policy, can you tell us more about the product?

Again, the Endowment policy is another testimony of our commitment to our customers. Over the years, we have found that people are averse to insurance because they think it takes from them without giving back when they are alive.

However, we know that life insurance can make a huge difference in the event of the loss of a loved one.

Consequently, we went back to our drawing board and created this policy called Endowment, which gives the benefit of target savings and life assurance in one plan.

We designed a policy that can be likened to eating your cake and having it because we know that both saving for tomorrow and having life insurance are important to our customers.

Our Endowment plan is a two-in-one policy that provides you with life insurance coverage, helps you save money regularly and pays out a lump sum when your policy term ends. It also offers a death benefit in the event of demise during the policy period.

Ultimately, if you have a goal you would like to save towards, this policy allows you to save, and if you want financial protection for your loved ones as well in case of death, you don’t need a separate plan.

How is this policy different from other life insurance policies in the market today?

This policy is designed with your needs in mind, offering a blend of life insurance and a savings plan. Traditional life insurance often only pays out if death happens to you, which can feel limiting. Our Endowment policy is different because it ensures you receive the full sum assured at the end of the term, even if you’re still alive and well.

We wanted to create a policy that offers peace of mind no matter what. With this policy, you get a guaranteed return. Whether it’s providing a death benefit for your loved ones or receiving an endowment payout yourself, you’re assured of getting something back if the premiums are paid.

We also understand that flexibility is important. That’s why our policy allows you to adjust the premium payments, policy duration, and benefits to fit your unique needs. We curated the endowment policy with the aim of giving you the security and adaptability you deserve, making sure it truly works for you in various life situations.

AXA Mansard is known for its innovation in policy development, but more important is its deep interest in ensuring it solves problems for customers; can you tell us about the gap AXA is bridging with this new product?

Great question. We saw a need to encourage disciplined long-term savings and provide financial security. This policy addresses both by offering a structured savings plan and ensuring that there’s a guaranteed sum for your loved ones in case of an untimely death. This way, we help cushion the impact of losing a provider, which is the primary goal of life assurance.

There are two variants of this product; can you tell us more about it and who should be taking what?

Absolutely! We’ve designed two variants to fit different needs: the AXA Endowment Plan and the AXA Anticipated Endowment Plan. Both plans are there to support you and your loved ones, but they cater to different financial goals.

The AXA Endowment Plan is quite straightforward. It offers terms of 3, 5, 10, and 15 years, with a lump sum payout at the end of the policy term. It’s a great option if you prefer to receive all your benefits at once after a set period.

On the other hand, the AXA Anticipated Endowment Plan provides more flexibility with payouts. It spans 6, 9, 12, and 18 years, and gives you payouts at intervals: 20% after one-third of the term, 30% after two-thirds, and the remaining 50% at the end. This can be helpful if you have different financial goals along the way or need access to funds at various stages.

Ultimately, the choice depends on what variant works best for you. If you’re looking for a single lump sum at the end of your savings period, the Endowment Plan could be ideal. But if you prefer getting payouts at different times to meet various needs, the Anticipated Endowment Plan might be the better fit. We created these options to make sure you have the flexibility to choose what suits your life best.”

A lot of people would rather save for a future date, than buy a life insurance plan; why do you think this notion is growing and how can we further emphasize the importance of life insurance in Nigeria?

People often hesitate because thinking about death is uncomfortable. It’s natural to focus on positive goals and saving for the future. However, it’s also essential to ensure that your loved ones are protected if something unexpected happens. Life insurance is about mitigating the financial impact of death, making sure that dependents can continue without severe financial strain. Our goal is to make people see that both savings, and life insurance are crucial parts of a solid financial plan.

As you know, lack of information is still an issue with insurance in Nigeria; can you share with us how the endowment policy works?

I wouldn’t say lack of information but more around trust and understanding. Many people worry that they won’t get anything back if the insured risk doesn’t happen. The question of “What happens if that risk does not occur? Do I get anything at all? What of all the money I’ve contributed over the years?” Now this is where would like to pacify our customers.

The Endowment Policy guarantees a benefit whether you survive the policy term or not. This assurance helps our customers feel confident that their money is well-spent and that they’re making a smart financial decision.

*People also think that buying an insurance policy like endowment policy can be so tedious and they can just do things by themselves on their own term. How are you addressing the buying process with your digital capabilities at AXA?

We’ve put in a lot of effort to make the buying process as easy as possible. You can purchase the policy online through our website at www.axamansard.com/insurance/life/endowment-plan/. If you prefer in-person assistance, our welcome centres across Nigeria are available, and our sales advisors are ready to help. Our call centre also provides real-time support. We’re committed to making the experience smooth and convenient for everyone!

How is a policy like an endowment policy addressing the notion that it’s only rich people who take Life Insurance?

This was one of the major considerations in setting up this policy. The idea is to get everyone on board, no matter your income level. Would you believe that it is designed to be accessible to everyone, regardless of what they earn? Premiums can be as low as N5,000 monthly, and the benefits range from 1 million to 200 million naira. We want to ensure that everyone, no matter their financial status, can afford and benefit from life insurance.

How is the Endowment Policy different from the Life Saving insurance and can one person hold the two policies at the same time?

Oh, yes, one person can have both policies. The Endowment Policy pays benefits on death or survival, whereas savings-linked Life insurance accrues interest and pays out at the end of the policy term or upon death. They complement each other well, providing comprehensive financial security.

What are the requirements for anyone who wants the policy and how can they sign up?

Signing up is quite straightforward. You need to fill out a short proposal form, provide an ID card, and make the payment. The policy is then yours! The minimum age to sign up is 18, and the maximum is 64 for the Anticipated Endowment and 67 for the regular Endowment. You can start by visiting our website www.axamansard.com/insurance/life/endowment-plan/ to get an endowment policy today.

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Violence Mars APC Ward Congress in Oluyole

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APC congress

By Modupe Gbadeyanka

The ward congress of the All Progressives Congress (APC) in Oluyole Local Government Area of Oyo State on Saturday left several party members injured after a violence clash erupted.

According to reports, one of the injured persons was Mr Idowu Oyawale, who served as the campaign Director General of a House of Representatives member in the last general elections, Ms Tolulope Akande-Sadipe.

It was disclosed that he sustained severe injuries during the exercise and is currently receiving treatment at an undisclosed hospital.

The ward congress was organised by the ruling party to elect ward executives across the local government’s wards.

However, it was disrupted at Olomi Ward 7 by suspected heavily-armed political thugs allegedly linked to a member of the party.

It was claimed that the thugs invaded the congress venue at Olomi Basic School 1, dispersing party members and officials supervising the exercise, with stones, clubs and other weapons.

Eyewitnesses said tensions escalated unprovoked over delegates’ lists and ward executive positions. The disagreement reportedly degenerated into physical altercations before the violent attacks on some party members.

It was learnt that security operatives led a tactical team to restore order, peace, and disperse the attackers.

Reacting to the incident, some party leaders and elders condemned the violence, describing it as unfortunate and capable of undermining the credibility of the internal democratic process.

The leaders have called on party chieftains and President Bola Tinubu to immediately order an investigation into the violent attacks.

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A Call For United African Front on Slavery and Reparations

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African Front on Slavery and Reparations

By Princess Yanney

One message stood out; one particular briefing gave clarity and hope for better days ahead. Africa will be heard; willingly or unwillingly, and the resolution thereof will no longer be a hope for years to come, but a reality to actualise. At a press conference during the  39th AU Summit  in Addis Ababa, Ghana’s President  John Dramani Mahama urged African leaders to adopt a common continental strategy on the legacy of slavery and racialised chattel enslavement, which he described as “the gravest crime against humanity.”

In this context, one must understand; Reparations matter because colonialism was not simply an episode of foreign rule. It was an economic system. African land was seized, labour was coerced, institutions were reshaped to serve external interests, and entire economies were redesigned around the export of raw materials.

Long before independence, the transatlantic slave trade had already stripped the continent of people, skills and social stability, creating permanent demographic and developmental damage. Colonial rule then consolidated this destruction into a durable global structure of inequality.

President Mahama explained that Ghana’s proposed AU resolution, which received broad support from member states, was carefully drafted with extensive consultations involving the AU Committee of Experts on Reparations, legal experts, academic institutions and diaspora organisations. He said the resolution’s wording was deliberately chosen to reflect historical accuracy, legal credibility, and moral clarity.

“Ghana has undertaken extensive consultations to strengthen the resolution. We’ve engaged with UNESCO, the Global Group of Experts on Reparations, the Pan-African Lawyers Union, academic institutions, the African Union Committee of Experts on Reparations and the African Union Legal Experts Reference Group. We hosted the inaugural joint meeting of the African Union Committee of Experts on Reparations and the African Union Legal Experts Reference Group in Accra earlier this month to further refine the text of the resolution. We also began engagement with the diaspora at the Ghana Diaspora Summit held in December last year.”

Hence, come March 25, the resolution will be presented by one man, who will echo the voice of millions of African people and people of African descent. Because truly, a united Africa demanding reparations is not an Africa asking to be included in an unequal system, but rather, an Africa asserting its right to help redesign it. President Mahama stressed that the initiative goes beyond symbolism, providing a legal and moral foundation for reparatory justice and sustained engagement with the global community. The resolution is designed to facilitate dialogue with the United Nations and international partners while affirming Africa’s demand for recognition and accountability for centuries of exploitation and injustice.

“Informal consultations on the draft text are expected to take place between 23rd February and 12th March 2026. Our objective is simple: to build a broad consensus behind this resolution. The initiative is not directed at any nation; it is directed towards truth, recognition and reconciliation.”

He reiterated. Truth is, a united Africa is a strong global force that cannot be stopped or interrupted. But a divided Africa is an Africa liable to imperialism and Western domination. It is therefore a priority for all African people to join hands and stand together to ensure the aims of these resolutions are achieved.

“We call upon all member states to support and co-sponsor this resolution. The adoption of this resolution will not erase history, but it will acknowledge it. The trafficking in enslaved Africans and racialised chattel enslavement were foundational crimes that have shaped the modern world, and their consequences continue to manifest in structural inequality, racial discrimination and economic disparity.

Recognition is not about division; it is about moral courage. Adoption of the resolution will not be the end. Following the adoption, Ghana will continue engagement with the United Nations Secretary General, the African Union Commission, relevant UN bodies and interested member states,” said John Dramani Mahama as he called for unity.

The importance of today’s reparations consensus lies in its recognition that Africa’s underdevelopment is not an internal failure to be corrected through aid, reforms or external advice. It is the historical and continuing outcome of dispossession. Reparations, therefore, respond to a concrete injury, not an abstract moral wrong. Again, Reparations matter because colonialism was not simply an episode of foreign rule. It was an economic system. African land was seized, labour was coerced, institutions were reshaped to serve external interests, and entire economies were redesigned around the export of raw materials.

Long before independence, the transatlantic slave trade had already stripped the continent of people, skills and social stability, creating permanent demographic and developmental damage. Colonial rule then consolidated this destruction into a durable global structure of inequality. Which is why today’s fight, today’s struggle, is of utmost importance. It is a correction of a historical inhumane error. One that has to be amended and corrected, beginning with recognition.

“This is about a sustained dialogue on reparatory justice and healing. Distinguished ladies and gentlemen, this initiative presents us with a historic opportunity, an opportunity to affirm the truth of our history, an opportunity to recognise the gravest injustice in human history, and an opportunity to lay a stronger foundation for genuine reconciliation and equality. While the past cannot be undone, it can be acknowledged, and acknowledgement is the first step towards justice.” – John Dramani Mahama expressed to the media and all who were gathered to witness the briefing under the theme, “Ancestral Debt, Modern Justice: Africa’s United Case For Reparations”.

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APC’s Maikalangu Wins Abuja Municipal Area Council Election

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Christopher Maikalangu

By Adedapo Adesanya

The Independent National Electoral Commission (INEC) has announced the candidate of the All Progressives Congress (APC), Mr Christopher Maikalangu, as the winner of the Abuja Municipal Area Council (AMAC) election, held on Saturday.

The results for the keenly observed municipal chairmanship poll were announced at the INEC area office in Karu at about 4:30 a.m on Sunday.

The Collation Officer for AMAC, Mr Andrew Abue, said that Mr Maikalangu, who is the incumbent AMAC chairman, was returned elected, having scored the highest number of votes cast, 40,295 out of the total number of valid votes of 62,861 in the election.

“That Maikalangu of the APC, having certified the requirements of the law, is hereby declared the winner and is returned elected,” he declared.

Mr Abue stated that the African Democratic Congress (ADC) came second with 12,109 votes, while the Peoples Democratic Party (PDP) polled 3,398 votes.

According to him, a professor, the rejected votes were 2,336, and the total valid votes were 62,861, while the total votes cast were 65,197.

He added that the number of registered voters in AMAC was 837,338, while the total number of accredited voters was 65,676.

According to him, the scores of the political parties and their candidates that contested the AMAC chairmanship election are:

Agbon Vaniah of the Accord (A) – 403 votes

Nemiebika Tamunomiesam of the Action Alliance (AA) – 108 votes

Paul Ogidi of African Democratic Congress (ADC) – 12,109 votes

Richard Elizabeth of the Action Democratic Party (ADP) – 588 votes

Christopher Maikalangu of the All Progressives Congress (APC) – 40,295 votes

Eze Chukwu of the All Progressives Grand Alliance (APGA) – 1,111 votes

Chukwu Promise of the Allied Peoples Movement (APM) – 122 votes

Ugoh Michael of the Action Peoples Party(APP) – 32 votes

Thomas Happiness of the Boot Party (BP) – 43 votes

Jibrin Alhassan of the New Nigeria Peoples Party (NNPP) – 1,694 votes

Samson Usani of the National Rescue Movement (NRM) – 73 votes

Dantani Zanda of the Peoples Democratic Party (PDP) – 3,398 votes

Iber Shimakaha of the Peoples Redemption Party (PRP) – 90 votes

Simon Obinna of the Social Democratic Party (SDP) – 2,185 votes

Madaki Robert of the Young Progressives Party (YPP) – 421 votes

Swani Buba of the Zenith Labour Party (ZLP) – 189 votes.

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