WHAT IS A PET? A pet is an animal kept solely for the owner’s companionship and/or for the purpose of entertainment. It is usually not for laboratory, livestock, or a working animal. pet insurance represents an important aspect of our animal life. In most cases, Dogs and cats represent the commonest pet animals in the…
The concept of Insurance is an arrangement whereby one person- the Insurer, undertakes in return for a consideration- the Premium, to pay the policyholder, a certain sum of money or its equivalent on the happening of a certain event or upon incurring certain loss. It is a risk management platform. Impliedly, when you purchase insurance…
INTRODUCTION Most often, we make investments of all our life savings in acquiring properties. These properties may be buildings, cars, office equipment, appliances, machineries, and so on. it is the need to safeguard these properties that has given rise to property insurance. However, most times, we see all these properties go down the drain as…
INTRODUCTION There is a general apathy for insurance in Nigeria and health insurance policies is not an exception. It is reported that a paltry three (3%) of the overall population has health insurance. This is not withstanding efforts already put in place by the government at getting the citizen embrace health insurance as part of…
THE Nigerian Social Insurance Trust Fund ( NSITF), which is a body in existence since 1961 as national provident fund. And which became NSITF in 1993 with the mandate of protecting employees in the private sector in Nigeria and who are mostly in non pensionable employment. The federal government of Nigeria established the fund so…
INTRODUCTION Insurance premium is the amount on money usually chargeable by insurance companies on individuals and companies for an insurance policy subscription. It is the payment one makes so as to enjoy the protections in the insurance policy he buys. It represents the income of the insurance company. And equally as evidence that there exists…
Insurance Companies in Nigeria has paid no fewer than N11bn in claims by policyholders arising from the damages they suffered as a result of the ENDSARS protests that hit the country in 2020. This was revealed by the Chairman, Nigeria Insurers Association ( NIA),Mr. Ganiyu Musa, during the Annual General Meeting of the Association in…
MEANING OF ACCIDENT Accident means any unintentional and involuntary injury to the human body. It usually results from external cause which affects physical, mental or psychological wellbeing and sometimes results in death. An accident can occur in the course of a professional activity. It can take place during breaks, before or after work. In which…
INTRODUCTION Farmers insurance is a category of insurance contract. It is the type of Insurance Policy that serves as a risk management tool for farmers. This is done through the provision of financial protection to them against loses. These losses may emanate from incidents such as drought, flood, hail, pests, wildlife and even fire outbreaks….
It is no longer news that dental insurance is often different from medical insurance. The reason for the above has links to the fact that all along, the dental and medical fields have always been at difference from one another. And for this reason, insurance companies see dental insurance differently from medical insurance. However, the…