African Alliance Pays N4.08bn Claims to Customers in 6 months

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By Dipo Olowookere

In the first six months of 2022, the sum of N4.08 billion was paid in claims to customers of the foremost life insurer, African Alliance Insurance Plc.

It was observed that the underwriting firm 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 Esusu payouts.

“African Alliance Insurance Plc was built on a solid foundation of claims payment. Year in, year out, we do not shy away from fulfilling this critical obligation to our policyholders as due,” the managing director/CEO of the company, Mrs Joyce Ojemudia, stated.

She reaffirmed the organisation’s commitment to paying genuine claims as due, noting that African Alliance Insurance will continue to make efforts to satisfy its teeming customers.

“Our pay-off is not just an empty statement of facts but indeed an assurance, to remain devoted to our policyholders despite unforeseen circumstances which may arise. It’s been 62 years, and we have not wavered from our commitment,” she said.

Incorporated in 1960, African Alliance Insurance Plc is widely regarded as the strongest and most experienced life insurance specialist in these climes.

Operating out of its headquarters in Lagos, the ISO-certified firm has continually defied the odds as it continues to service all classes of Nigerians and businesses with best-in-class life insurance products.

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