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Employees Should Subscribe To Anchor Loss Of Employment Insurance – Obasanjo

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Former President, Chief Olusegun Obasanjo, has advised employed Nigerians to subscribe to Anchor Loss of Employment Insurance Scheme (AnchorLoEIS), a product of Anchor Insurance Company Limited, adding that the policyholders would enjoy its benefits as a protection in the event of a job loss.

Obasanjo gave the advice during a courtesy visit paid by the company’s management staff to him at the Olusegun Obasanjo Presidential Library in Abeokuta, Ogun State.

While introducing the members of the delegation, the General Manager, Retail and Micro Insurance, Anchor Insurance, Mr. Uzoma Ofurum, introduced the innovative insurance product from the Company to the former President.

Seeking to know the benefits of this unique insurance product, the former President was informed that it is a product developed to cushion the effect of the sudden loss of employment with the payment of salary income to policy holder for 24 months after loss of job.

Having been made aware of the product’s benefits, the former president thereafter endorsed the scheme.

He thanked Anchor Insurance for the innovation and encouraged the company to develop new innovations especially insurance policy for the elderly and unemployed.

Meanwhile, Anchor Insurance has partnered with the Olusegun Obasanjo Presidential Library on its OOPL Wildlife Park (WLP) ‘Adopt An Animal’ programme by adopting a Lion tagged “Anchor Lion” in the Wildlife.

With this partnership, he said, the company has created the opportunity to contribute to the conversation of local animal species and encourage their reproduction and preservation of wildlife which in its stead will further encourage local tourism.

Obasanjo, while receiving the delegation, announced to the delegation the plan to insure the animals in the Wildlife Park against the third party liabilities as it is essential to protect the visitors to the park from any unanticipated eventualities.

“Just in case somebody puts his hand in a lion cage or a lion breaks out. It is very important to have insurance despite all the barricades and cages we have in the park,” he said.

Speaking, the leader of the delegation, who is also the Executive Director, Business Development & Marketing, Mr. Augustine Ebose, thanked the former president for meeting with the team and most importantly for the sanity he brought to the financial industry through recapitalisation and the local content act enacted during his administration.

“Insurance industry was undertaken by foreign underwriters on behalf of the local insurance companies due to lack of financial capacity before recapitalization and enactment of local content law during your administration; but the local content act brought an uprise to the industry; therefore we are now underwriting about 75 per cent of local content. As one of the major service delivery companies in the Insurance industry, we want to thank you for this because we are your product” he declared.



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