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Niger Insurance’s alliance with Afribank intact — Uranta

Patience Saghana
Niger Insurance Plc has said that its alliance with Afribank  is still intact as it has nothing to do with the  problem  in the banking sector.
Niger Insurance entered into a strategic alliance with Afribank Nigeria Plc for the purpose of creating the biggest financial supermarket.
Mr. Uranta said that the company intended to create and enhance quality products for its clients while using combined branch networks of the bank and the insurer for service delivery.

While fielding questions from insurance correspon-dents, Mr. Uranta said that the arrangement between his company and Afribank was such that would enable Niger Insurance brand its desk in the banking hall of most of the Afribank branches across the country, most especially in places where Niger Insurance was not having a branch before then.

“We decided to pool resources together to take advantage of bank/insurance relationship. Niger Insurance chose Afribank for obvious reasons. We have had a lot of relationship with them in the past and it has blossomed into board membership of Niger Insurance in Afribank being occupied by our chairman, Alhaji Bala Zakariya’u, and as if in exchange, chairman of Afribank and one of the bank’s vibrant executive directors is on Niger Insurance board.

“Therefore, we thought the relationship should not just end at the board room, but transcend beyond that and permeate into both operations so that the two organisations can, at the end of the day, take advantage of the relationship.

“We have signed a Memorandum of Understand-ing for further exchange of businesses to be harnessed and we decided to culminate that into a retreat of the two organisations held on 13-12-2008. So far, we have no regrets. We have a strategic department in Niger Insurance that is liaising with the bank’s strategic department as well. And Afribank Insurance Broker is not left out in the alliance and we will all go into interchange of much more business,” Uranta said.

Meanwhile, Nigeria Union of Road Transport Workers (NURTW), partnering with Niger Insurance, has appointed Niger Insurance for its Road Accident Health Insurance Scheme (RAHIS).

It would be recalled that NUTRW in Abuja recently launched a comprehensive accident insurance cover for commercial drivers and passengers.

The NUTRW scheme, which was launched in Abuja by  the Corps Marshal of the Federal Road Safety Corp (FRSC), Osita Chidoka, would provide financial relief to drivers, conductors and passengers that get involved in an accident.

The President of NURTW, Gidado Hamman, said that the scheme tagged Road Accident Health Insurance Scheme (RAHIS) is a partnership programme by the NURTW, Niger Insurance, PHB Insurance, PHB HealthCare and Over Integrated Services Ltd.

Hamman said that the scheme will cover people with permanent disabilities and medical treatment for accident victims while “traveling in any of the insured’s vehicle operating within Nigeria.”

He said selected hospitals are involved in the scheme and that accident victims will get prompt medical attention.
He said: “Under this scheme, members of the travelling public who patronize such vehicles and happen to be victims of road accidents will enjoy prompt medical attention in addition to compensation for permanent disabilities and deaths resulting from such accidents.
“The scheme is intended to replicate the insurance cover enjoyed by those who travel by air.”

He said that PHB Health Care will provide 10 ambulances within the next few weeks for the purpose. Additional ambulances and rescue vehicles will also be made available to cover major highways across the country.

“In collaboration with relevant authorities, plans are also underway to install circuit cameras along some major highways and toll free phone lines to assist in reporting cases of accidents on our roads with a view to ensuring prompt assistance and rescue operations”.

The Executive Director  (Finance) of  Niger Insurance, Kola Adedeji, said that the scheme is in line with section 68(1) of the Insurance Act, 2008.According to him, under the scheme, each passenger will  be covered with N100, 000 while N150, 000 will be paid to family of victim that died in an accident.


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