Mutual Benefits launches 36 products, plans increase insurance awareness




IN an effort to remain the leading microinsurance company in Nigeria, Mutual Benefit Assurance plc, has launched 36 insurance products which encompass both life and general insurance.
The products include, motor dealers complimentary Insurance, mega comprehensive insurance, event center insurance, advertising agency insurance, corporate office insurance, sales office insurance, hair salon insurance, law firm insurance, Accounting firm Insurance, Hotel Insurance, hospital insurance, fast food restaurant insurance, nollywood insurance, church insurance, mosque insurance, estate management insurance, landlord tenants and travels and tours agency insurance.
Others are school insurance, market and shopping complex insurance , laundry and cleaning service insurance, micro finance bank insurance, SME comprehensive insurance, oil and gas supply insurance, political Comprehensive insurance, Lady life assurance, Juvenile Life assurance, pilgrims welfare assurance, mortgage endowment insurance, celebrity life assurance policy, senior life assurance policy, mutual senior citizen plan, mutual benefit school fees guarantee scheme, MOAN NULGE policy, and mutual income continuity plan.
Speaking on the need for the 36 new products at a media lunch in Lagos, the General Manager Retail, Mr. Ademola Fagbayi, said the products were designed to mitigate risks from several sectors of the economy.
Fagbayi also said the company has concluded plans to increase its branch network to 200 by the end of 2016 with 36 branches across the country.
He maintained that the expansion of its branch network to 200 will not only increase insurance awareness in the country but will reduce the problem of unemployment in the country.
He added that the 36 new products introduced into the insurance market are focused to meet the needs of an average Nigerian in the grassroots, adding that the products are both life and general insurance.
Earlier in his address, the company’s Group Managing Director, Akin Ogunbiyi, said the company in the last seven years have been looking for a way of taking insurance in Nigeria into a forefront and touch lives through affordable and customized insurance products.

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