Linkage Assurance Plc, is now ready to commence underwriting agriculture insurance after it secured the approval of the National Insurance Commission (NAICOM).
The ‘no objection’ nod would enable Linkage support the farmers and service providers in the agriculture value chain for greater sustainability and economic growth.
Among the products approved include Linkage Assurance Crop Insurance Solutions, Linkage Assurance Farm All Risk lnsurance, Linkage Assurance Farm Motor lnsurance, and Linkage Assurance Livestock lnsurance solutions.
Linkage Assurance management in a statement made available to journalists said the Nigeria’s agribusiness sector needs insurance to remain sustainable and achieve long term growth expectation.
Linkage said stakeholders in the agricultural value chain needs to embrace insurance by reducing retained risk and transferring the burden to insurers for effective risk management.
With this approval, Linkage Assurance Plc is now well positioned to broaden its product offerings to consumers, which is in line with the federal government objective to deepen insurance penetration in Nigeria. Linkage Assurance by this development is strategically accelerating its business objective of building a dominant company in the Nigerian insurance industry.
Linkage Assurance Crop Insurance Solutions provides cover against unavoidable loss of crops or resulting directly from the insured perils, example flood, drought, excessive rains, hailstorm, diseases and pest, with covers including Weather lndex Crop Insurance, Area Yield – lndex Crop lnsurance , and Multi-peril Crop Insurance.
The Linkage Assurance Farm All Risk lnsurance is designed to cover the farm buildings/contents, farm products and machineries against theft and fire. It also provides cover on general accident for farm staff and farmers’ legal liability.
While, Linkage Assurance Farm Motor lnsurance protects the insured for loss of or damage to vehicles used in the farm or agricultural business, damage to third party property including bodily injury and death to third parties caused by accident.
Linkage Assurance Livestock lnsurance solutions is specially designed to cover the farmer’s stock with one simple policy, which can provide immediate protection against death due to accident, death due to illness or disease, loss of use due to accident, and loss of use due to illness
All rights reserved. This material, and other digital content on this website, may not be reproduced, published, broadcast, rewritten or redistributed in whole or in part without prior express written permission from LEADERSHIP Nigeria Newspapers. Contact: [email protected]
BUSINESS22 hours ago
JUST IN: CBN, NDIC Revokes Skye Bank’s Licence, Changes Name To Polaris Bank
NEWS21 hours ago
Why PDP Lost In 2015 – Kwankwaso
SPONSORED10 hours ago
How To Last For 25 Minutes Longer In Bed, Permanently End Pain And Embarrassment Of Weak Erection
NEWS21 hours ago
Customs Intercepts 11 Trucks Load Of Smuggled Rice
NEWS15 hours ago
PDP Set To Offer Presidency For Sale, BCO Alleges
NEWS23 hours ago
2019: I’m Set To Give 21st Century Leadership – Tambuwal
CRIME20 hours ago
Caretaker Stab Tenant To Death Over Use of Bathroom In Benin
NEWS23 hours ago
Professor Ejiofor Bags Honorary Citizenship Certificate In U.S.