Annuitants Laud AIICO Insurance On N68.2bn Annuity Disbursement

Annuitants of AIICO Insurance Plc have applauded the insurer over its disbursement of N68.2 billion annuity between 2019 and 2024.

The company currently disburses a staggering N1.5 billion monthly to these annuitants, providing them with guaranteed income for their retirement years.

To this end, it’s customers have declared the company as the most preferred annuity business manager in the country as it ensures their financial stability and welfare through prompt and improved annuity payment despite the intense economic headwinds and unabating inflationary pressure in the country.

AIICO’s commitment to financial security goes beyond offering products as the company fosters a growing community of financially empowered individuals, evident in the continuous rise in its annuity customer base. This growth, the company said, is fuelled, not only by new customer acquisition but also by the trust and positive experiences of existing policy holders, who have referred friends and family to the product.

Speaking on the reliable and financially secure annuity product offered by AIICO, the president, Retired Customs Officers Association of Nigeria, Chief A. A. Iguoba, commended the company for the unique and value-packed product.

“I first heard about AIICO’s annuity product through friends in the early 2000s and signed up in 2014. Over the years, AIICO has proven to be a reliable partner, with a strong track record and a consistent payment system that ensures financial stability in retirement. This trust has led us, at the Retired Customs Officers Association of Nigeria, to not only introduce fellow retirees to AIICO but also engage actively serving officers, encouraging them to secure their future with AIICO’s annuity plan”, he said.

Another customer, Imelda Anyanwu,stated that, “I have been on AIICO’s annuity plan for 12 years since retiring from Union Bank, and my experience has been exceptional. I chose AIICO based on a strong recommendation, and it has proven to be the right decision. Beyond the consistency and timeliness of payments, what truly stands out is the human touch – the warmth, responsiveness, and professionalism of AIICO’s staff. They are always ready to provide support, making the experience seamless and reassuring. I have no regrets; AIICO has been a reliable partner in my retirement journey.”

AIICO’s executive director and head of Retail Business, Gbenga Ilori, said: “At AIICO, we understand the importance of financial stability, especially during retirement. Our annuity product is designed to address this very need, offering our customers peace of mind with guaranteed monthly payouts for life.

“We are proud to be a part of their financial journey. We are confident that the annuity market holds immense potential, and we are well-positioned to capitalise on this growth. Our robust financial standing and exceptional customer service ensure that our annuity policyholders receive, not only a guaranteed income, but also peace of mind throughout their retirement life.”