The Executive Director UBA Metropolitan Life Insurance, Mr. Henry Ationu,has advised state governments to see insurance, especially Life insurance as a dividend of democracy for their citizens.
He stated this recently in Kaduna, at the official presentation of benefit cheques by the state governor, Mallam Nasir el-Rufai, to the victims and relatives of the Zaria bomb blast in 2015.
At the ceremony, Governor el-Rufai presented a total of N30 million cheques to 24 beneficiaries. Ationu, commiserated with the families of the deceased and commended the governor for putting in place the insurance scheme to protect the people of Kaduna state.
He stated that one of the primary responsibilities of governance is to protect lives and property of its citizens, noting that insurance is one of the most effective mechanisms for doing that.
He noted that insurance, especially Life insurance, could be used as a fulcrum for dividend of democracy. He therefore, advised that other state governors should emulate this positive step taken by the Kaduna state government.
UBA Metropolitan Life Insurance, which provided insurance cover to the victims, is a specialist life insurance company reputed for prompt claims payment, good corporate governance, professionalism, actuarial expertise, and technical knowhow. The company has developed very unique products specifically designed for the Nigerian market and uses comprehensive but flexible risk management skills to ensure that issues affecting life insurance in Nigeria are managed in a way that protects the interests of policyholders and other stakeholders.