African Alliance Insurance Pays N40bn in Five years

Ebere Nwoji

 The Managing Director African Alliance Insurance, Joyce Ojemudia has said that the company paid a total ofN40 billion  claims in five years.

Ojemudia  said the claims were paid between 2019 to 2023, adding that African Alliance exemplified this commitment by disbursing an impressive sum of over N40.

She said the payment  spanned diverse business units, as detailed, adding that  Group Life took N5.1bn, Individual life N7.5bn, Esusu N3.4bn, Takaful N2.8bn and Annuity N21.4bn.

“ The momentum has carried into 2024, as African Alliance has proactively disbursed over 1.1 billion Naira 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 are  aimed  at securing  a larger market share while upholding the utmost standards of integrity and placing customer satisfaction at the forefront.

She said African Alliance continued  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 said  the company, remained committed to swiftly and professionally settling all valid claims, ensuring enduring happiness and satisfaction for its  valued customers.