Coronation Life Assurance Limited has Nigerians to leverage life insurance products to save for the future.
The insurer gave this advice in a webinar with the theme: Protection Against the Unexpected: How Confident Are You about the Future?, which also showcased experts from different sectors and was moderated by Wole Famurewa, CNBC Africa Anchor.
Speaking at the webinar, Registrar/Chief Executive Officer, Chartered Insurance Institute of Nigeria (CIIN) Mrs. Abimbola Tiamiyu, urged the public to desist from living on loans, but use insurance to save towards their needs.
She also called for the engagement of financial planners while noting that life insurers are experts in helping people plan their future with little funds.
Showcasing savings-linked insurance products that the public can leverage to secure confidence for their future, the Head, of Underwriting Life, Coronation Life Assurance Limited, Kenneth Essu, said the firm has savings-linked insurance products such as term assurance; life insurance, annuity; loss of job; group life amongst others.
He urged the public to consult Coronation Life Assurance for their financial plan, noting that expert guidance is highly necessary in structuring a formidable financial plan.
He charged the public to leverage insurance products to determine the kind of wealth they anticipate for the future.
Dr. Tunde Salako, Founder of Africa Insurtech Lab (A.I.L) and speaker at the webinar, charged insurers to follow trends especially embedded product drive that is fast changing insurance dynamics.
According to him, technology has continued to advance insurance, stating that insurance companies can never migrate to the new world of business without leveraging digital innovations such as artificial intelligence, the internet of Things, and more.
He also called for robust awareness and continuous education would help stem the issue of trust deficit in the industry.
Director, of Life Operations, African Reinsurance Corporation, Chris Saigbe, tasked insurers to evolve products that would endear the younger generation to Insurance, stressing that there is an urgent need for more personalized insurance products.
He called for flexibility in product development and that products should be tailored towards meeting consumers’ needs.
The Coronation Life webinar series constitutes an integral component of the company’s thought leadership initiatives, designed to provide relevant insights to both corporate and individual clients.
The webinar aims to educate, inform, and empower entrepreneurs and business owners with the knowledge and tools required to navigate the uncertainties of life confidently.
Given that human capital is the most valuable asset of any business organization, this event seeks to emphasize the importance of financial resilience, planning, and various protection strategies that go beyond specific insurance products.
The primary objective of the webinar is to position Coronation Life Assurance Ltd as a comprehensive partner in safeguarding the financial well-being of individuals and families.
To that end, the company offers a suite of products aligned with this commitment, including Life Insurance, Term Life Insurance, Whole Life Insurance, Critical Illness Insurance, Annuities, and more. The ultimate goal is to promote financial security and stability for our clients, regardless of the uncertainties of life.
The overarching objectives of the event are to promote Coronation Life Assurance’s products, expand the client mailing list, bolster brand visibility and reputation, and position Coronation Life Assurance as a thought leader in the financial services sector.
