The Managing director of Foremost life insurer of African Alliance Insurance Plc, a stalwart with over 63 years of expertise in the life assurance sector, Mrs. Joyce Ojemudia, stated that it has paid over N40 billion claims from 2019 to 2023.
She also added that the company remains committed to swiftly and professionally settling all valid claims, ensuring enduring happiness and satisfaction for our valued customer. The substantial claims payment by African Alliance, winner of the 2022 “Claims insurance Company of the Year” award, spanned diverse business units such as Group life N5.1bn, Individual life N7.5bn, Esusu N3.4bn, Takaful N2.8bn and Annuity N21.4bn.
She said: “Notably, the momentum has been carried into 2024, as African Alliance has proactively disbursed over N1.1 billion in claims within the initial 58 days of the year.”
Ojemudia reiterated her pledge to stakeholders, underscoring ongoing strategic initiatives aimed at propelling African Alliance to the forefront of the life assurance business in Nigeria. These initiatives aim to secure a larger market share while upholding the utmost standards of integrity and placing customer satisfaction at the forefront.
“African Alliance continues to be a beacon of reliability and dedication in the life assurance landscape, promising not just financial security but a journey filled with contentment and assurance for all stakeholders,” she stated.
