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SA LIFE PAYS N4.74 BILLION CLAIMS IN THREE YEARS
Standard Alliance Life Assurance
Limited, a member-company of Standard Alliance Group, has paid out
N4,741,170,262.17 as maturities, value and death claims to its affected group
and individual life policyholders during its operations covering 2007 to 2009.
A breakdown of the figures shows that the maturities and
claims paid in 2007 amounted to N269,407,619. It jumped geometrically to
N1,600,158,728 in 2008 and despite the biting effects of the global economic
meltdown on businesses in 2009, it paid out N2,871,603,915.17.
The company's Managing Director, Mr. Austine Enajemo-Isire,
who disclosed this in a statement made available at the weekend, gave a further
breakdown of the above figures, which shows that his company paid out
N168,404,261 and N101,003,358 in 2007; N1,360,643,015 and N239,515,713 in 2008
as well as N2,535,646,030.17 and N335,957,885 in 2009 respectively to its
individual and group life policyholders.
According to Enajemo-Isire, "our ability to maintain
our integrity on regular and prompt claims settlement, even in the face of the
very harsh economic weather, which businesses faced in 2009, has remained our
selling point to life insuring public," confessing further that "this
trust has continued to drive the business, bringing more customers, both
individual and corporate.
"We at SA Life believe that customers would want to do
business and remain with you once you are trusted for regular and timely
payments of matured policies and claims. We have never failed in meeting this
obligation whenever occasion demands since we started full operations in
January 2000," the managing director revealed.
According to him, "we have recently perfected a modern
technology-driven system of claims and maturity payment which takes away the
stress of coming to our head office in Lagos from the customers. We now operate
a system which allows the customer to process and receive such payments at our
branch office nearest to him."
Enajemo-Isire stated that, "with the company's strong
financial capacity, it could effortlessly accommodate any volume of life
underwriting business brought to it by the insuring individual and corporate
bodies."
Noting that SA Life was now first choice for individual and
corporate bodies who seek peace of mind over their life policies, the managing
director listed some of the major beneficiaries of the claims paid last year as
Nigeria Liquefied Natural Gas (NLNG), NDDC, NCAT, Federal Inland Revenue
Service and Area Council, Abuja, among others.
Source:
Guardian
Newspaper