GNI Deepens Insurance Penetration With Affordable Products

Samuel Mobolaji

In a bid to create affordable insurance coverage to its existing and prospective policyholders, Great Nigeria Insurance (GNI) Plc, has re-launched affordable retail insurance products.

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

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

The Corporate Communications, Brand Management and Customer Service manager, Ms. Oyinkansola Sobande, while reacting to this development said, the company is committed to driving retail business having identified segment of the market as a veritable means of improving insurance market penetration in the country.

To her, “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% of uninsured citizens with insurable interests; the market is clearly available to be exploited.”

Similarly, the head, Corporate Services, Mrs. Kofoworola Oshiga stated that, the products were specially developed to meet customers’ specific needs at highly competitive rates, informing the insuring public that whenever they pick up any of the company’s products or services, they should be rest assured of exceptional service delivery, satisfaction, and value for money as well as prompt claims settlement whenever it occurs.

The managing director/CEO, Mrs. Cecilia O. Osipitan 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 form of monetary compensation while the Great Savers Delight is an investment linked savings plan developed to promote savings culture.

She equally stressed the fact that GNI has put in place 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 NAICOM in increasing the penetration of insurance products across the country.

Finally, she said, the range of the company’s products and services can be accessed on its official website on www.greatnigeriaplc.com and across its social media platforms.