TO create awareness and deepen market penetration, AIICO Insurance Plc has embark on market sensitisation and awareness programme through an initiative tagged ‘Market Storm’ of some of the major markets in Lagos, the Managing Director, Edwin Igbiti has said.
He made this known to reporters during the company’s “AIICO Storms Tejuosho Market Programme” in Lagos.
According to him, the initiative is aimed at educating the traders in the market on the strategic role of insurance and its numerous benefits.
He said the initiative was also planned at bringing insurance closer to the market men and women who are involved in retail and micro businesses through the provision of tailored insurance services that suits the need of the traders.
He noted that the programme would further give room for market feedback that can be used for further products development.
Igbiti said: “AIICO Storms Tejuosho market programme offers basic retail products to the market traders that guides against business and personal risks. Such products include the AIICO Fire Insurance policy tailored for Shop Owners, AIICO Shield Personal Accident Insurance, AIICO Householder (Home) Insurance and AIICO Auto Insurance.
‘’Despite the fact that no one plans of losing their means of livelihood to fire, flood or any form of natural disaster, these occurrences happen daily resulting in; loss of financial investments, revenue, closure of business, shock and grieve, inability to start again, etc.
“AIICO Fire Insurance for Shop Owners provide compensation up to the tune of N2 million in the event that stocks, materials and/or wares in trade is affected by fire. Benefits include compensation for fire and special perils, permanent disability, medical expenses and public liability.
‘’AIICO Shield Personal Accident Insurance is designed to provide an accident only insurance whereby the Insured, in any mishap, has access to some level of compensations for death, disability and medical treatment for injuries following accident.’’