African Alliance Pays N4.08bn Claims In 6 Months

African Alliance Insurance Plc has paid N4.08billion claims to its customers in the first six months of the current year.

In the breakdown of the claims payment, the insurer paid N1.81billion in Annuity claims; N857.2million in Individual Life claims; N765.4million Group Life; N436.3million Takaful as well as N208million Esusu payouts.

Speaking on the firm’s claims profile, MD/CEO, African Alliance Insurance PLC, Joyce Ojemudia reaffirmed the company’s commitment to paying genuine claims as due.
“African Alliance Insurance PLC was built on a solid foundation of claims payment. Year in, year out, we do not shy away from fulfilling this critical obligation to our policyholders as due,” she said.
Ojemudia restated the company’s unchanging commitment to satisfying her teeming customers.
“Our pay-off is not just an empty statement of facts but indeed an assurance, to remain devoted to our policyholders despite unforeseen circumstances which may arise. It’s been Sixty two years, and we have not wavered from our commitment” she stressed.