AIICO Unveils Financial Protection For Smallholder Farmers, Underserved Populations

AIICO Insurance Plc has unveiled its ‘AIICO All-in-One Financial Protection,’ designed to address longstanding financial vulnerabilities faced by Nigeria’s smallholder farmers, rural families and underserved populations in the country.

Reacting to this development, the head of Digital Marketing & Communication, AIICO Insurance Plc, Mr Segun Olalandu, said the unveiling took place following an extensive countrywide engagement tour across Ibadan, Kano, and Calabar.

He noted that, for decades, millions of hardworking Nigerians in the informal sector; market traders, smallholder farmers, artisans, transporters, and micro-entrepreneurs have remained exposed to massive financial shocks. A single illness, accident or emergency can erode years of savings, destabilise households, and push families deeper into poverty and without structured retirement support, many also face the risk of hardship after their active working years, he stressed.

AIICO’s All-in-One Financial Protection, he noted, is a direct response to these socio-economic realities.
Supported by AIICO’s international partners, LeapFrog Investments (UK) and the European Investment Bank (EIB), the solution combines three essential covers into one accessible and affordable package.
Premiums have been intentionally structured to be affordable for low-income earners, with annual rates starting from N800 for Personal Accident and N5, 000 for Hospital Encashment. Deferred Annuity contributions remain flexible and are determined by the customer’s age, selected annuity level, gender, and preferred commencement date.

Speaking at the launch, AIICO’s managing director/CEO, Mr. Babatunde Fajemirokun, reaffirmed the company’s commitment to expanding insurance penetration and strengthening financial inclusion across Nigeria.

“We have adopted a grassroots strategy, conducting enlightenment campaigns in Ibadan, Kano, and Calabar, and our interactions with these communities have provided valuable insights into their challenges and aspirations.

“The AIICO All-in-One Financial Protection is our promise of support to Nigeria’s smallholder farmers and informal workforce, ensuring that illness, accident, or emergency does not erode years of hard work. This innovation brings security and peace of mind to the hardworking individuals who form the backbone of our economy, “he noted.

Also speaking at the unveiling, executive director, Technical, Adewale Kadri, expressed gratitude to the leaders, associations, and farmers who warmly welcomed the product during the engagement tours.

“We are deeply appreciative of the traditional leaders, community heads, farmer groups, and value-chain players who received us across Ibadan, Kano, and Calabar. Their encouragement, insights, and enthusiasm reaffirmed that this product is timely and truly needed,” he noted.

The new product is expected to serve as a significant catalyst in closing Nigeria’s protection gap and driving insurance adoption, especially in rural and semi-urban communities where penetration remains extremely low.

Leadway Pensure Leverages Innovations For Quality Service Delivery

A Pension Fund Administrator (PFA), Leadway Pensure said, it is leveraging innovation to escalate quality service delivery to its retirement savings account (RSA) holders.
This milestone marks 20 years of trust, exceptional service delivery, and value creation as it celebrates its anniversary. It highlights two decades of dedication to protecting the financial wellness of Nigerian workers.
Over the last 20 years, the PFA has served thousands of customers across Nigeria and beyond, standing as a clear testament to its commitment to providing financial stability at various stages of workers’ career journeys.
Speaking on this remarkable achievement, MD/CEO, Leadway Pensure PFA, Olusakin Labeodan, stated that: “As we celebrate 20 years of Leadway Pensure PFA, this milestone is more than a celebration of longevity, it is a tribute to trust, service and innovation. From the very beginning, our mission has been very clear, to deliver a pension system without barriersOver two decades, we have transformed this vision into reality by simplifying pension access, embracing cutting-edge technology, and ensuring our services are always within reach. With a nationwide presence, a robust mobile platform, and the AI-powered assistant LISA, we have made pension services accessible to eligible Nigerians.

“We have supported countless customers in achieving life goals, from retirement to home ownership, by ensuring access, clarity and care at every step. This is a testament to the strong relationships and legacy we have built with every customer. Trust is at the heart of our service, propelling us to uphold world-class standards and earning us global certifications such as ISO/IEC 27001:2022 for information security, a mark of our unwavering commitment to safeguarding our customers’ funds. ”

.Looking ahead, the company said, it is committed to promoting youth-focused financial literacy, growing personal pension plans and strengthening customer engagement across every stage of the pension journey.

“The next years and beyond will be shaped by the same dedication that brought us this far, a future-forward mindset, a culture of excellence, and an unyielding promise to stand by our customers every step of the way,” Olusakin concluded.
As it commemorates 20 years of service, Leadway Pensure reaffirms its commitment to simplifying retirement planning, delivering consistent value, and driving financial inclusion across Nigeria.