#EndSARS Crisis: We Are Ready To Settle Claims – AIICO

By LOVETH AZODO, Lagos

The Managing Director/CEO, AIICO Insurance PLC, Mr. Babatunde Fajemirokun has assured customers with policy covers who were affected in one way or the other during the #EndSARS Protest crisis that they need not to worry about getting back on their feet as the company is ready to settle their claims.

According to the statement signed by the Head, Strategic Marketing & Communications, AIICO Insurance, Segun Olalandu the company will meet its obligations to customers for incidents that occurred during the recent riots.

AIICO Boss noted that the riots have had tremendous effect on individuals and businesses, both small and large.

“The losses incurred in terms of human lives and assets are enormous. Our thoughts and prayers are with those who have been affected in one way or another. I assure you that as a Company, we are doing all that is necessary to see our customers through this phase. We are asking our customers with covered cases to contact us for immediate assistance with claims”.

He added, “The year 2020 and all we have experienced as a nation are tailwinds, propelling us forward and helping us to evolve. Indeed, the injection of new imagination, energy and innovative thinking into our national discourse will take us there.”

The Company’s claims profile over the years provides insights into its unwavering commitment to claims settlement and benefits payment. In 2019, over N30bn was paid out to its customers. This followed N29.1bn paid in 2018 and N23.3bn in 2017.
AIICO Insurance is a leading composite insurer in Nigeria with a record of accomplishment of serving its clients that dates back over 50 years. Founded in 1963, AIICO provides life and health insurance, general insurance and investment management services as a means to create and protect wealth for individuals, families and corporate customers.