Staco Refreshes Online e-Payment Portal

Staco Insurance Plc has announced that it has invigorated its e-portal platform, having secured the approval of the National Insurance Commission (NAICOM) for the portal.

The company’s spokesperson, Dr Tunde Odeyemi, said the portal was meant to bring insurance services closer to its customers.

He said the commission had confirmed a ‘No Objection’ endorsement for the introduction of the e-payment solution into the Nigerian insurance market.

According to Odeyemi, the company’s e-payment portal is a web-based transactions solution.

The portal, according to him enables ease of business transaction, offers convenience, speed and seamless method of payment of premium by the company’s clients especially for third party motor insurance and personal protection plan products. The solution has the feature of issuing digitalised insurance policy certificates and eliminates the syndrome of issuance of fake certificates by fraudsters.

He said the introduction of the transaction and e-payment platform into the Nigerian Insurance market was in line with the STACO’s commitment to boost exceptional customer experience and reduce turnaround time for customer service delivery, while responding to the technological needs of the sector.

He said it is hoped that the system will create loyalty from existing customers, attracts additional clients to the company as purchase of insurance policies would become easier.