Takaful Insurance Beyond Ethnic, Religion Bias, Says Shehu

James Emejo in Abuja

The Managing Director/Chief Executive, Jaiz Takaful Insurance Limited, Mr. Ibrahim Usman Shehu, has clarified that though Sharia-based, the brand of insurance remained an ethical finance option from which everybody stands to benefit irrespective of religion, race, and tribe.

He said takaful insurance is a service provision in terms of business to mitigate risks to which everyone involved in business and other endeavours are exposed.

Speaking exclusively to THISDAY during a sensitisation walk on the brand of insurance offer in Abuja, he Shehu, who led the walk, said the company’s seven years of existence had been quite successful notwithstanding a tortuous beginning which any start-up would experience.

He said, “But we’ve been able to overcome those challenges and the experience is getting better and we are launching ourselves into the main classes of the biggest insurance companies in Nigeria.”

He said acceptance of the Islamic product had been quite impressive adding that the ingenuity of Nigerians had been excellent towards the products.

The Jaiz Insurance chief executive said, “Nigerians embrace whatever they stand to benefit from and the level of acceptance of takaful insurance in Nigeria is very impressive, and we are raising the bar and we hope that in no distant future, the awareness will be all over the country and everybody will embrace it.”