• Wednesday, February 28, 2024
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GNI targets more penetration with retail products

GNI targets more penetration with retail products

Underwriting firm, Great Nigeria Insurance Plc has re-launched affordable retail insurance products to deepen insurance penetration.

The products were borne out of the need to assist policyholders even at the grassroots level to mitigate risks at a pocket-friendly rate.

The products, which include: GNI Motor Flex, Great Savers Delight (GSD), GNI Fireproof and Personal Accident Insurance (PAI) have been duly approved and certified by the industry apex regulator, the National Insurance Commission (NAICOM).

These products were borne out of the need to offer more benefits to policyholders at an inexpensive cost, especially during this current economic situation in the country.

Cecilia Osipitan, managing director/CEO of Great Nigeria Insurance Plc, mentioned that the GNI Motor Flex, Fireproof and Personal Accident retail products are designed to protect the lives and properties of both the insured and the third party in crisis in the form of monetary compensation while the Great Savers Delight is an investment-linked savings plan developed to promote savings culture.

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She equally stressed the fact that the Great Nigeria Insurance Plc has put in place an a-stress-free underwriting documentation process in all its branch offices nationwide and enjoined the public to walk into any of their offices nearest to them and pick up any of the company’s products and services applicable to them.

She reiterated Great Nigeria Insurance Plc’s commitment and support to the apex regulator, National Insurance Commission (NAICOM) in increasing the penetration of insurance products across the Country.

The Great Nigeria Insurance boss said that the range of the company’s products and services can be accessed on its official website and across its social media platforms.

Oyinkansola Sobande, corporate communications, Brand Management and Customer Service Manager, during a media chat, said that the company is committed to driving the retail business having identified the segment of the market as a veritable means of improving insurance market penetration in the country.

In her words, “As a market leader, we have identified the urgent need to create new unique products and not recycle already existing generic products. Considering the staggering 86 percent of uninsured citizens with insurable interests; the market is clearly available to be exploited”.