• Wednesday, July 31, 2024
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BusinessDay

Best time to take insurance protection is now–Enterprise life CEO

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As Nigerian households grapple with economic challenges and high cost of living, they have been advised to build savings and take protection through insurance.

Funmi Omo, managing director/ CEO, Enterprise Life Nigeria said insurance offers you the protection to stand strong when the unexpected happens because it enables you build savings, plan for the future education of your children and other needs.

Omo speaking at a media parley held at the Company’s head office in Lagos said Enterprise Life Assurance Nigeria has identified the need to create a new digital experience that gives users the advantage they desire.

She said Enterprise Life Nigeria is digitising its product and service deliveries to explore the traditional insurance distribution gap in the country.

“We saw these setbacks as an opportunity to develop an innovative solution that will digitise insurance, accelerate penetration and enhance insurance literacy among our stakeholders.”

Read also: With N2, 500 you can insure your phone screen for 50,000 benefit

She said, the life insurer started operations by providing customers with the advantage they need using in-person meetings with its Life Planners, but it was not enough, hence, the company created an app that makes insurance business seamless, interactive and engaging.

She said the App ‘Life Connect’ is designed to create a new digital experience around insurance; built on geo-location technology like Uber; makes the interactions between Customers, Life Planners, and Enterprise Life quicker; easier, and more convenient where prospective and current customers can connect with the Company’s Life Planners for support, financial advisory, and purchase of insurance products in a secure manner.

Omo said the Life Planners have been trained to understand the unique goals, aspirations, and challenges of each customer, and are expected to use their knowledge to help customers design personalized financial plans that cover key aspects of their lifestyle.

She said the product offers lots of advantages as both savings and risk-mitigating mechanisms for customers. For savings the following plans are available – Digisave Plan, Educare Plan and Lifetime Need Plan. On the risks side, the following plans are available – Digicover Plan, Income Protection Plan and Family Care Plan.